DEALS FUNDED BY MEMBERS OF THE BOISE ANGEL ALLIANCE AND FUNDS
The Boise Angel Alliance is prepared to lead investment rounds of local companies where our Funds invest, the members of the Alliance may commit their personal funds, and we take the investment to other groups throughout the Northwest. In this manner we hope to help the entrepreneur raise many more dollars than our Funds and members alone could prudently invest.
We 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 investments made by the funds 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. The Boise Angel 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. The Boise Angel Fund led the round with an investment of $100,000. Members of the Alliance invested additional funds. Follow on round September 2012, additional $50,000 invested by Boise Angel Fund and additional investments made by Alliance members.
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. The company declared bankruptcy in 2011.
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.
Loan Tek. February, 2013. Company led $465,000 convertible preferred stock round, $75,000 invested by the Treasure Valley Angel fund.
Meal Ticket (DB3 Mobile, Inc.). October, 2012. The Boise Angel Fund and the Treasure Valley Angel Fund each invested $50,000 in this company led Series AA Preferred Stock round of $300,000.
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 Boise Angel 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. Follow on round, December 2010, additional $25,000 invested.
Oh! Shoes, Inc. July, 2011. $1,000,000 convertible preferred stock round led by company. The Boise Angel 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. Company acquired under favorable terms in 2012.
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.
Prosperity Organic Foods. March, 2013. $100,000 in company led convertible debt round of $500,000. Immediately converted to common stock.
Sawtooth Ideas. March 2012. The Boise Angel Fund invested $50,000 in Series A convertible preferred stock of offering of $200,000.
Social Good Network, September, 2012. The Boise Angel Fund led a $250,000 Series Seed Round with an investment of $100,000. The Treasure Valley Angel Fund invested $50,000 and the Frontier Fund of Kalispell, MT invested $25,000. Members of the Alliance invested along side the Funds. Round was over subscribed.
Voxbright, Inc, October, 2012. The Boise Angel fund led a $250,000 Series Seed Round with an investment of $100,000. The Treasure Valley Angel Fund invested $50,000 and members of the Alliance invested additional funds side by side.
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 March 24, 2013
The Boise Angel Alliance is prepared to lead investment rounds of local companies where our Funds invest, the members of the Alliance may commit their personal funds, and we take the investment to other groups throughout the Northwest. In this manner we hope to help the entrepreneur raise many more dollars than our Funds and members alone could prudently invest.
We 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 investments made by the funds 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. The Boise Angel 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. The Boise Angel Fund led the round with an investment of $100,000. Members of the Alliance invested additional funds. Follow on round September 2012, additional $50,000 invested by Boise Angel Fund and additional investments made by Alliance members.
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. The company declared bankruptcy in 2011.
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.
Loan Tek. February, 2013. Company led $465,000 convertible preferred stock round, $75,000 invested by the Treasure Valley Angel fund.
Meal Ticket (DB3 Mobile, Inc.). October, 2012. The Boise Angel Fund and the Treasure Valley Angel Fund each invested $50,000 in this company led Series AA Preferred Stock round of $300,000.
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 Boise Angel 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. Follow on round, December 2010, additional $25,000 invested.
Oh! Shoes, Inc. July, 2011. $1,000,000 convertible preferred stock round led by company. The Boise Angel 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. Company acquired under favorable terms in 2012.
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.
Prosperity Organic Foods. March, 2013. $100,000 in company led convertible debt round of $500,000. Immediately converted to common stock.
Sawtooth Ideas. March 2012. The Boise Angel Fund invested $50,000 in Series A convertible preferred stock of offering of $200,000.
Social Good Network, September, 2012. The Boise Angel Fund led a $250,000 Series Seed Round with an investment of $100,000. The Treasure Valley Angel Fund invested $50,000 and the Frontier Fund of Kalispell, MT invested $25,000. Members of the Alliance invested along side the Funds. Round was over subscribed.
Voxbright, Inc, October, 2012. The Boise Angel fund led a $250,000 Series Seed Round with an investment of $100,000. The Treasure Valley Angel Fund invested $50,000 and members of the Alliance invested additional funds side by side.
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 March 24, 2013
