Queen City Angels and Black Achievers Forge Strategic Partnership to Advance Entrepreneurship and Angel Investing

Black Achievers is a prominent networking organization dedicated to connecting African American professionals nationwide. With this partnership, QCA hopes to further enhance diversity and inclusion efforts for its membership.

CINCINNATI, May 2, 2024 /PRNewswire-PRWeb/ — Queen City Angels (QCA), the oldest organized angel group in the Midwest, today announced a strategic partnership with Black Achievers, a prominent networking organization dedicated to connecting African American professionals nationwide. The partnership aims to mutually grow memberships while championing entrepreneurship and investing education as a core value for both organizations.

“QCA and Black Achievers will take advantage of our respective strengths to foster inclusive growth and opportunities within our communities,” said Scott Jacobs, executive director of QCA. As part of this partnership, QCA will share insights about angel investing at Black Achievers’ upcoming business academy, and Black Achievers will promote QCA’s Entrepreneur Boot Camp. The two-day event June 4-5, 2024, equips small business owners and aspiring entrepreneurs with essential skills and guidance to launch and grow successful ventures. “Black Achievers is committed to empowering our members with the knowledge and resources needed to excel in their professional pursuits,” said Michael Moore, President of Black Achievers. “QCA has a proven track record of supporting and developing successful small businesses through a variety of programs and events. Our joint outreach initiatives will expand opportunities for our members and give them access to the resources they need to grow their businesses.”

“We are thrilled to join forces with Black Achievers in our shared mission to strengthen small businesses and cultivate diversity in the investment landscape,” said Jacobs. “By combining our expertise and networks, we can expand our respective memberships and inspire individuals from diverse backgrounds to grow businesses and consider angel investing opportunities.”
Over the past 4-5 years, QCA has made significant strides in attracting diverse participants to its annual Boot Camp and as members of the association. With this partnership, QCA hopes to further enhance diversity and inclusion efforts for its membership and the Boot Camp. Every year, dozens of small business owners attend the event to take advantage of expert speakers and learning sessions that provide insights to support them on their entrepreneurial journeys. QCA will use its network and reach to support the growth and expansion of Black Achievers membership, currently totaling 6,000 in Cincinnati and 3,000 in Columbus.

About Queen City Angels
Queen City Angels (QCA) is a Cincinnati, Ohio-based professional angel investor group with over 190 angel investor members residing in more than 20 states. QCA members include successful entrepreneurs, former C-suite corporate executives, R&D/technical experts in life sciences, IT, and advanced materials, and others with related backgrounds. QCA leverages its proprietary Standards + Practices Guide to educate, train, and mentor both entrepreneurs and angel investors. QCA members typically donate approximately 50,000 hours per year in pro-bono mentoring, coaching, and guidance for entrepreneurs to improve their success and the success of angel investors. Since 2000, QCA members have directly invested over $110 million in more than 110 portfolio companies. The total capital invested in these companies, including QCA members’ capital, syndication partners’ capital, follow-on venture capital funds, and venture debt is more than $875 million. CB Insights ranked QCA second out of 370 national angel organizations. For more information, visit https://www.qca.com.

About Black Achievers
Black Achievers, Inc. was founded in 2018 by Michael R. Moore. Black Achievers is now one of the largest Black Professional organizations in the United States. With over 6,000 members in Cincinnati and over 120,000 members nationwide. The organization’s mission is to connect, educate and economically empower African Americans. Serving as a pipeline of diverse talent for nonprofits and corporations. For more information visit: http://www.blackachievers.com

Media Contact

Scott Jacobs, Queen City Angels, 513-373-6972, sjacobs@qca.comwww.qca.com

Angel Groups Collaborate to Support Medical Device Portfolio Company ’ s $300 Million Exit

CINCINNATI, OHIO (PRWEB) AUGUST 26, 2022 The Board of Standard Bariatrics announced that it has entered in a definitive agreement with Teleflex Incorporated, a leading global provider of medical technologies, under which Teleflex will acquire Standard Bariatrics, a Queen City Angels portfolio company, upon the satisfaction of customary closing conditions, for an upfront cash payment of $170 million at closing, with additional consideration of up to $130 million payable upon the achievement of certain commercial milestones. “We couldn’t be prouder of Founder Dr. Jonathan Thompson and CEO Matt Sokany for all of their work to get Standard Bariatrics to this milestone,” said Queen City Angels founder and chair Tony Shipley. “We are delighted to have supported Standard Bariatrics along their journey and believe the commercial potential for their important surgical offerings are enhanced by this transaction,” added Shipley. Queen City Angels was an initial investor in Standard Bariatrics in 2016. “Standard Bariatrics represents one of the largest investments in a single portfolio company in our 22-year history,” said John Habbert, co-manager of QCA First Funds. “We’ve invested in six follow-on rounds to help fuel the company’s progress. This underscores our confidence in the incredible work of Mr. Sokany and Dr. Thompson, and their entire team.” In addition to Queen City Angels, other angel groups that invested are North Coast Ventures, Ariel Savannah Angel Partners, Life Science Angels, and Accelerant Fund. Other investors include JobsOhio, CincyTech, RC Capital, US Venture Partners, Hatteras Venture Partners, Rivervest and Emergent Medical Partners. Standard Bariatrics is another successful exit for a QCA portfolio company. “Since we started QCA more than 20 years ago, we have invested over $85 million in more than 100 companies, said Shipley. “Our investments have been leveraged with over $700 million of additional capital invested by others in our portfolio companies. Some of our earlier investments include Assurex Health (where we led the initial investment in the company), T-Pro Solutions, ConnXus, among a group of other successful companies.” “While we have a very strong current portfolio, we continue our work to identify additional investment opportunities,” said Scott Jacobs, QCA Executive Director. “We continue to see strong ‘deal flow,’ both in the Cincinnati region and beyond.” Additional information on the Standard Bariatrics transaction can be found here.