Queen City Angels Announces Third Frontier Award

Fund VI is the largest in the Queen City Angels’ history and includes $3.5 million in matching funds from the Ohio Third Frontier program. CINCINNATI – March 11, 2021 – Queen City Angels today announced additional capital secured from the Ohio Third Frontier Pre-Seed Program and the Ohio launch of its $15 million QCA First Fund VI (FFVI), the sixth in a family of funds and the largest fund in the group’s history. FFVI includes more than $10 million in private funds from QCA members and $3.5 million matched funds from the Ohio Third Frontier Pre-Seed Program. The Ohio Third Frontier Commission approved $70.5M in non-recourse loans to be awarded to 14 Ohio-based funds. QCA was the first angel group recipient and among the first overall recipients of Third Frontier funds dating back to 2003. Tony Shipley, founder of QCA, and John Habbert, director of QCA, will manage FFVI.