Ohio TechAngel Funds (OTAF) is a group of for-profit investor funds, managed by Rev1 Ventures, that invests in highly promising, Ohio-based C corporations in IT, advanced materials, and life sciences. More than 300 high net worth, accredited investors have joined one or more of the funds, making OTAF one of the largest in the United States.
Founded in 2004 by John Huston with 50 investors, the group became a founding member of the Angel Capital Association (ACA).
Since its founding, Ohio TechAngels’ first four funds have invested more than $14 million in 50+ Ohio-based technology startups. The goal of the funds is to build wealth in Ohio by helping build great companies that can rapidly scale and attract the interest of strategic acquirers within three-to-five years. OTAF members have also made more than $15 million in sidecar investments in those same companies.