We Help By: Co-Investing In Startups
The Elevate Ventures' Angel Network (EVAN) is the largest organized network of angel investors, angel groups, and other resources in the State of Indiana. EVAN helps enable collaboration amongst angel groups and also fosters investment in Indiana-based seed and early-stage ventures. They encourage this environment by connecting EVAN members with potential companies that are pre-qualified through a due diligence process and provided with co-investment capital opportunities. EVAN's members contribute to the growth of Indiana's economy by supporting new entrepreneurial leaders with not only capital, but with technical expertise and support. In the end, this support system fosters business growth and employment opportunities in Indiana.
Investors looking to immerse themselves in Indiana's entrepreneurial community, diversify their portfolios, or expand their networks will want to participate in EVAN. EVAN will be comprised of new and veteran, accredited angel investors who collaborate with multiple objectives, including:
- Identifying and organizing active angel investors and angel groups
- Educating new angel investors and enhancing the skills of veterans
- Growing an enduring collaborative network of investors
- Identifying and investing in promising, early stage companies
- Tapping the collective expertise and contacts within the network
- Building momentum for funding of early stage Indiana companies
Benefits For Angel Investors & Angel Groups
- Increased deal flow
- Collaboration on due diligence
- Shared expertise
- Corroborated investment decisions
- Ability to invest in larger deals
- Improved diversification
- Eligible for co-investment from the Indiana Angel Network Fund
- Organized public presence
Value To Entrepreneurs & Communities
- More entrepreneurs receive funding
- Larger early-stage financing rounds can be completed to reduce the financing gap
- Entrepreneurs will be more successful as they benefit from a greater range of business expertise
- Success will increase region and company visibility with regional sources of follow-on capital
- Tangible economic benefits to the region and the development of a vibrant regional ecosystem
Criteria for potential companies seeking to be matched with EVAN members:
- Privately held, for profit company
- Indiana is the company's principal place of business
- Indiana Venture Capital Investment Tax Credit Eligible
- New funding from angels for co-investment
- Comprehensive due diligence completed
Elevate Ventures typically makes 21 Fund investments in life sciences, high technology, and advanced manufacturing. Specific examples of industries include:
- Biotechnology
- Business Products and Services
- Clean Technology
- Computers and Peripherals Medical Devices and Equipment
- Consumer Products and Services Mobile
- Education
- Electronics / Instrumentation Networking and Equipment
- Healthcare Services
- Industrial/Energy Telecommunications
- Internet / Web Services
- Nanotechnology
- IT Services
- Semiconductors
- Software
The Indiana Angel Network Fund
Elevate Ventures launched the Indiana Angel Network Fund, a $9.5 million source of capital dedicated to supporting investing activities of Indiana angels and angel groups in Indiana-based companies. Members of EVAN are eligible to apply. Please visit our website to learn more about Elevate Ventures' programs and opportunities, and to stay informed of future developments.