Seattle Angel Team, Group operating Seattle Angel Conference, Launches Seattle Angel Fund.
New investment fund to help drive economic growth across sectors in Washington State.
Driving Economic GrowthSeattle Angel, the group operating the Seattle Angel Conference, announces the launch of a new angel fund focused on investments in Pacific Northwest start-up companies, beginning in January 2015. The Seattle Angel Fund aims to drive economic growth and prosperity in Seattle and throughout the Pacific Northwest by creating growth opportunities for investors and businesses.
What is next for Angel InvestorsThe Seattle Angel Fund is a follow-on to the three year old, highly successful Seattle Angel Conference, begun in 2012, to train new angel investors and bring more funding into the Pacific Northwest start-up ecosystem. The organizers at Seattle Angel estimate there are more than 60,000 people qualified to angel invest in the Seattle area alone, yet fewer than 500 are actually investing in local start-ups.
Susan Preston, General Partner for the CalCEF Clean Energy Angel Fund, the Buerk Endowed Fellow for Entrepreneurship at the University of Washington, and a Trustee for the Angel Resource Institute, will be the Seattle Angel Fund’s professional manager, bringing a wealth of early stage investment experience.
Committed to the Pacific Northwest
Based in Seattle, the Seattle Angel Fund is committed to the Pacific Northwest’s entrepreneurial ecosystem. The Fund is an annual fund, and will typically invest in five to seven launch stage companies per year across all industry sectors. Investment decisions will be based upon due diligence and selection of portfolio companies by the investors themselves, rather than by the fund manager. More at www.seattleangelfund.net