Historically, Minnesota-based entrepreneurs seeking capital would pitch their company to individuals or small groups of investors one-at-a-time. Although the market has functioned this way for years, this process is inefficient for both parties. Entrepreneurs spend valuable time raising capital in small blocks instead of focusing on their business. Investors receive numerous unqualified requests for funding, often lack the industry knowledge to evaluate certain companies, and miss out on excellent companies that are funded outside their network of contacts.

While Minnesota has a long history of successful funding entrepreneurial activities, there are few formal angel groups. It is our belief that the lack of such groups has become the "sand in the machinery” in creating new and successful businesses.

The TCAngels was formed in early 2006 with the mission is to provide opportunities for our members to obtain outstanding financial returns by investing in early-stage technology, life science companies, and in areas in which our members have expertise within Minnesota and close proximity in the upper Midwest.

The TCAngels focus on making investments in only the very best private companies with the most promise. The sweet spot target investments are usually high-growth-potential companies in the seed or early start-up stage but which already have founder and friends and family investments.

As an organization, we have pooled our capital to make an organizational investment in a company, and in addition, interested member may add additional capital through our “Side-by-side” funds to that total investment.

Please explore our site. Should you have additional questions, please contact us. If you are a company looking for capital and you fit our profile, please submit a company application. If you are an accredited investor interested in becoming a member of the TCAngels, please submit a member application. If you are a venture capital fund looking for qualified Minnesota-based dealflow or a local co-investor for an company you are reviewing, please contact us.

Contact: info@TCAngels.com

Fund Size - Twin Cities Angels has more than $1.5 million in capital from its members. Because individual members of the Fund are given the opportunity to invest individually or “side-by-side” in each investment opportunity through our “side-by-side” fund, in addition to the Fund's direct investment, we may ultimately have more than $5 to $7 million under investment.

The size of an investment can range from a low of $50,000, to more than $500,000 to $2 million with add-on investments from our individual members. An average investment is likely in the range of $200,000 to $750,000.

© Copyright 2006 Twin Cities Angels