DEALS FUNDED BY MEMBERS OF THE BOISE ANGEL ALLIANCE AND FUND
The Boise Angel Fund is prepared to lead investment rounds of local companies where the Fund commits its own funds, the members of the Alliance may commit their personal funds, and we take the investment to other groups throughout the country. In this manner we hope to help the entrepreneur raise many more dollars than the fund and members alone could prudently invest.
The Boise Angel Fund and Alliance members also may invest in offerings from out-of-state companies where there is another angel group in whom we have confidence leading the investment. Typically out-of-state investments will be smaller investments than we might make were we to lead the investment round.
The following are the statistics on the deals considered from inception of the Boise Angel Fund on April 15, 2007 through approving its final deal on July 26, 2011:
Deals considered 214
Deals screened 66
Deals taken to due diligence 28
Investments made 12
The investments made by the fund are:
Baseline. April 2008. $750,000 convertible preferred stock round, $50,000 by the Boise Angel Fund. Investment made in conjunction with members of the Keiretsu Forum, Boise-Sun Valley Chapter. Follow on round, November 2010, additional $50,000 invested.
Conex Med/Pro Systems, Inc. November, 2010. $400,000 Series A convertible preferred stock round. Fund led the round with an investment of $100,000. Members of the Alliance invested additional funds. Additional investment of $50,000 made in same round July 26, 2011.
Core Concepts, Inc. March 2010. $500,000 Series A convertible preferred stock round. Fund led the round with an investment of $100,000. Members of the Alliance invested additional funds.
CradlePoint, Inc. August, 2009. $1,600,000 Series A-2 convertible preferred stock round. Led by Highway 12 Ventures. Boise Angel Fund invested $25,000.
GeoData. October 2008. $800,000 Series A Preferred Stock round, $25,000 invested. Investment made in conjunction with Win Partners of Spokane, WA and Frontier Angel Fund of Kallispell, MT.
Inovus (formerly Ming Solar). November 2008. $1,500,000 convertible preferred stock round led by the Boise Angel Fund; $125,000 invested by the fund; $75,000 invested by Boise Angel Alliance members. The FM Angel Investment Fund of Fargo, ND and the Valley Angels of Grand Forks, ND joined in this offering. Follow on investment of $35,000 made January, 2011.
Nurture Inc. (Brand is Happy Baby). March 2009. Undisclosed common stock round led by company. Members of the Boise Angel Alliance assisted with due diligence for syndicate of angels. $75,000 invested by the fund, $77,000 by Boise Angel Alliance members. Round over subscribed. Follow on round, February 2010, additional $50,000 invested by the fund, $75,000 additional invested by Alliance members.
Oh! Shoes, Inc. July, 2011. $1,000,000 convertible preferred stock round led by company. Fund invested $75,000.
Pacinian. March 2008. $700,000 convertible debt round, $15,000 invested by the Boise Angel Fund. December 2008. Follow on investment of $35,000 made in same round. Investment made in conjunction with Win Partners of Spokane, WA and Frontier Angel Fund of Kallispell, MT.
PakSense. October 2008. $50,000 of junior convertible preferred with common stock warrants offering of $3,000,000. Subsequently converted to a Series B Convertible Preferred Stock round. Investment made in conjunction with members of the Keiretsu Forum, Boise-Sun Valley Chapter. Follow on round, May 2010, additional $25,000 invested.
Silverback Learning Solutions, Inc. August, 2011. $1,000,000 convertible preferred stock round. Fund agreed to invest $100,000.
Wound Care Technologies, Inc. May, 2009. $3,000,000 convertible preferred stock round. Round led by partner members of the Rain Source Capital Network. Boise Angel Fund invested $75,000
Updated July 31, 2011
The Boise Angel Fund is prepared to lead investment rounds of local companies where the Fund commits its own funds, the members of the Alliance may commit their personal funds, and we take the investment to other groups throughout the country. In this manner we hope to help the entrepreneur raise many more dollars than the fund and members alone could prudently invest.
The Boise Angel Fund and Alliance members also may invest in offerings from out-of-state companies where there is another angel group in whom we have confidence leading the investment. Typically out-of-state investments will be smaller investments than we might make were we to lead the investment round.
The following are the statistics on the deals considered from inception of the Boise Angel Fund on April 15, 2007 through approving its final deal on July 26, 2011:
Deals considered 214
Deals screened 66
Deals taken to due diligence 28
Investments made 12
The investments made by the fund are:
Baseline. April 2008. $750,000 convertible preferred stock round, $50,000 by the Boise Angel Fund. Investment made in conjunction with members of the Keiretsu Forum, Boise-Sun Valley Chapter. Follow on round, November 2010, additional $50,000 invested.
Conex Med/Pro Systems, Inc. November, 2010. $400,000 Series A convertible preferred stock round. Fund led the round with an investment of $100,000. Members of the Alliance invested additional funds. Additional investment of $50,000 made in same round July 26, 2011.
Core Concepts, Inc. March 2010. $500,000 Series A convertible preferred stock round. Fund led the round with an investment of $100,000. Members of the Alliance invested additional funds.
CradlePoint, Inc. August, 2009. $1,600,000 Series A-2 convertible preferred stock round. Led by Highway 12 Ventures. Boise Angel Fund invested $25,000.
GeoData. October 2008. $800,000 Series A Preferred Stock round, $25,000 invested. Investment made in conjunction with Win Partners of Spokane, WA and Frontier Angel Fund of Kallispell, MT.
Inovus (formerly Ming Solar). November 2008. $1,500,000 convertible preferred stock round led by the Boise Angel Fund; $125,000 invested by the fund; $75,000 invested by Boise Angel Alliance members. The FM Angel Investment Fund of Fargo, ND and the Valley Angels of Grand Forks, ND joined in this offering. Follow on investment of $35,000 made January, 2011.
Nurture Inc. (Brand is Happy Baby). March 2009. Undisclosed common stock round led by company. Members of the Boise Angel Alliance assisted with due diligence for syndicate of angels. $75,000 invested by the fund, $77,000 by Boise Angel Alliance members. Round over subscribed. Follow on round, February 2010, additional $50,000 invested by the fund, $75,000 additional invested by Alliance members.
Oh! Shoes, Inc. July, 2011. $1,000,000 convertible preferred stock round led by company. Fund invested $75,000.
Pacinian. March 2008. $700,000 convertible debt round, $15,000 invested by the Boise Angel Fund. December 2008. Follow on investment of $35,000 made in same round. Investment made in conjunction with Win Partners of Spokane, WA and Frontier Angel Fund of Kallispell, MT.
PakSense. October 2008. $50,000 of junior convertible preferred with common stock warrants offering of $3,000,000. Subsequently converted to a Series B Convertible Preferred Stock round. Investment made in conjunction with members of the Keiretsu Forum, Boise-Sun Valley Chapter. Follow on round, May 2010, additional $25,000 invested.
Silverback Learning Solutions, Inc. August, 2011. $1,000,000 convertible preferred stock round. Fund agreed to invest $100,000.
Wound Care Technologies, Inc. May, 2009. $3,000,000 convertible preferred stock round. Round led by partner members of the Rain Source Capital Network. Boise Angel Fund invested $75,000
Updated July 31, 2011
