New Queen City Angels fund invests $3 million in Ohio Startups
The http://www.qca.com/about.html Queen City Angels’ new First Fund III hasn’t wasted time investing, putting $3 million into three varied Ohio tech startups this year. The Angels’ First Fund III, and co-investors have put funds into: * http://www.collaborent.org/home.asp Collaborent Group, Ltd., in Cleveland, which creates and manages group purchasing plans for government agencies. It recently expanded to serving private sector customers. * http://www.crunchbase.com/company/transactiv Transactiv, in Cincinnati, which is developing an online business-to-business purchasing solution that leverages social network systems to improve and streamline purchasing decisions. * http://www.crunchbase.com/company/neuros-medical Neuros, in Cleveland, which has developed a pain-blocking therapy targeted to veterans and others who suffer ‘phantom pain’ from amputated limbs. “Companies with innovative technologies and business ideas have the best chance of becoming high-growth companies that will create lots of jobs in Ohio and be good investments for those who get in early,” said John Habbert, co-manager of the QCA Fund. The Angels’ First Fund III, managed by the Queen City Angels investment group, is a $4 million fund. It allows them to expand their technology into the marketplace, finish and test business plans and grow. Queen City Angles is a group of experienced, accredited investors that funds young start up tech companies in the Greater Cincinnati area. Sponsors include Taft, Stettinius & Hollister, BioStart, Hamilton County Business Center and more. “Transactiv is at the forefront of a profound shift in how businesses conduct Internet commerce using leading social networks,” said Karl Perron, CEO of Transactive. “The highly experienced and successful members of the Queen City Angels recognized this opportunity, and have provided their invaluable expertise to our business by helping us refine our vision, realize our business plan, and raise new funds in the Midwest.” The QCA First Funds I, II and III have invested in 22 companies total. Writer: Feoshia HendersonSources: Jim Cunningham, Queen City Angels/C-Cap and Kevin Wilson, Kevin Wilson PR
The http://www.qca.com/about.html Queen City Angels’ new First Fund III hasn’t wasted time investing, putting $3 million into three varied Ohio tech startups this year.
The Angels’ First Fund III, and co-investors have put funds into:
* http://www.collaborent.org/home.asp Collaborent Group, Ltd., in Cleveland, which creates and manages group purchasing plans for government agencies. It recently expanded to serving private sector customers.
* http://www.crunchbase.com/company/transactiv Transactiv, in Cincinnati, which is developing an online business-to-business purchasing solution that leverages social network systems to improve and streamline purchasing decisions.
* http://www.crunchbase.com/company/neuros-medical Neuros, in Cleveland, which has developed a pain-blocking therapy targeted to veterans and others who suffer ‘phantom pain’ from amputated limbs.
“Companies with innovative technologies and business ideas have the best chance of becoming high-growth companies that will create lots of jobs in Ohio and be good investments for those who get in early,” said John Habbert, co-manager of the QCA Fund.
The Angels’ First Fund III, managed by the Queen City Angels investment group, is a $4 million fund. It allows them to expand their technology into the marketplace, finish and test business plans and grow.
Queen City Angles is a group of experienced, accredited investors that funds young start up tech companies in the Greater Cincinnati area. Sponsors include Taft, Stettinius & Hollister, BioStart, Hamilton County Business Center and more.
“Transactiv is at the forefront of a profound shift in how businesses conduct Internet commerce using leading social networks,” said Karl Perron, CEO of Transactive. “The highly experienced and successful members of the Queen City Angels recognized this opportunity, and have provided their invaluable expertise to our business by helping us refine our vision, realize our business plan, and raise new funds in the Midwest.”
The QCA First Funds I, II and III have invested in 22 companies total.
Writer: Feoshia Henderson
Sources: Jim Cunningham, Queen City Angels/C-Cap and Kevin Wilson, Kevin Wilson PR
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