FUNDING PROCESS

The funding process can vary for each company but a typical raise has these key steps...
Criteria
Check you meet our funding criteria.
Review
The Angel HQ team will conduct a preliminary review to ensure your deal is ready and suitable for the wider club.
Share
If you're ready you'll be invited to pitch to the club.
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Due Diligence
The most suitable investors in our club will conduct due diligence on your deal.
Raise
We'll provide the investment offer to our club members and collect their commitments. 
Close
We'll collect the funds from the interested investors, prepare legal documentation and send you the funds. 

There's a few things we need in order to share your opportunity with investors... 
Our basic funding criteria is:
  • You are looking for between $50,000 and $1,000,000 investment
  • Your product or service can achieve rapid adoption in large markets
  • You have a compelling, well articulated strategy for capturing and defending a significant market share
You should have considered:
  • Barriers to entry: ideally some patents, proprietary technology or smarts
  • Team: a strong (not necessarily complete) team
  • Exit strategy: Some idea of who will eventually acquire your company or how else returns will be made
  • How we fit: a desire for advice, coaching and connections from Angel HQ
  • Valuation: you must fit within our risk/reward expectations

FAQ

shOULD i APPLY?
 Have a look at our criteria first and, if you fit the bill, get in touch. 
how much money can i raise?
Our rounds tend to be from $250k to $1m.
HOW LONG DOES IT TAKE?
The club meets every second month and where there is interest, deals tend to take 8-12 months from presentation to completion.
WHAT DOES ANGEL HQ'S IDEAL COMPANY LOOK LIKE?
Have a look at our criteria but the basics are: a quality team taking a validated product to a huge market.
What are the key elements that make a successful raise with an Angel Club? 
Leadership. It takes work from the founders to really make the case for what they need and why. It also takes leadership from the investor side. Find a champion and have them help you set the pace and set the terms.
 Am I going to have lots of new investors on my cap table?
Our club invests through a nominee company so the underlying investors are not individually added to your capitalisation table.
WHAT DOES IT COST?
Everything is success based. We charge a commission on funds raised from the club and the investee also pays for capped legal fees on the deal. Commissions are 6% on a first round and 3% on follow on (excl. GST).
Still have questions or ready to apply? We're excited to hear from you.