Queen City Angels

Queen City Angels sources primarily through the dense corporate and university networks concentrated in the Cincinnati-Dayton-Columbus corridor — including spinouts from P&G, GE Aviation, the University of Cincinnati, and Ohio State. The group also co-screens with regional venture funds like CincyTech and Allos Ventures, and runs a structured referral pipeline through the Angel Capital Association. In 2023, the group expanded its sourcing radius by opening a dedicated Columbus satellite chapter.

Both. Members invest individually on a deal-by-deal basis with typical checks ranging from $100,000 to $1,500,000 per round. Queen City Angels also operates First Fund VI, a $10 million pooled vehicle launched in 2019 that allows for larger, more institutional co-investments alongside the group's individual member commitments. The fund structure enables the group to anchor rounds without relying solely on episodic member interest.

Queen City Angels concentrates on seed and Series A rounds, with capacity to follow on into later-stage growth rounds for existing portfolio companies. Sector focus spans enterprise software, digital health, AI/ML, advanced manufacturing, and fintech — reflecting the industrial and corporate strengths of the Cincinnati-Dayton-Columbus corridor. The group does not invest in real estate, consumer packaged goods, or retail, and generally avoids pre-revenue biotechnology requiring extended clinical-trial timelines.

Queen City Angels uses a six-phase due-diligence process designed to mirror institutional venture underwriting. A sector-specific member lead conducts the primary diligence, supported by a screening committee that evaluates technical, market, and financial risk. The process culminates in a structured investment memo and presentation to the full membership, where participating members make individual opt-in decisions. This structured approach is a key differentiator from less formal angel networks.