Investment Process

We have a disciplined investment approach informed by experience.

We believe in a transparent process. When you speak with a member of our team, you will always know where things stand.

If your company doesn’t fit our criteria, we will let you know why. For those companies that do fit our criteria, we will have a few initial calls and then invite a handful of the most promising companies to a quarterly screening webinar. These screening pitches are done remotely via join.me software.

An investment committee of IrishAngels members and staff then invites three or four companies each quarter into our due diligence process. Once diligence is complete, these three or four founders will pitch to our group of 225 investors and then receive an indication of interest within one week.

We invest through a single purpose LLC so that you add one line item to your cap table if you receive an investment from our group. Our minimum check size is $150,000, and our average is approximately $400,000. From our very first call to receiving a check, the average length of time is two to three months, which is much faster than other angel groups. In fact, working with our team feels more like working with a venture fund, with the exception of pitching to a room of individual angels.

Please see below for the criteria that we look for in prospective portfolio companies.

What We Look For

  • Startups raising seed round of $1 to $3MM
  • A term sheet has been issued from a lead investor
  • Pre-money valuations no greater than $10MM
  • A potential 10x CoC return for investors
  • Primary industries include B2B SaaS, Consumer (tech or products), Medical (device or diagnostics)
  • Initial indications of product-market fit (e.g., early revenues)
  • Strong growth rates to date and continued growth potential
  • Former entrepreneurial or directly relevant industry experience
  • Corporations located in the United States

Do you meet the criteria and want to discuss funding opportunities?

If you are a B2B startup with high growth potential, you may also qualify for funding from VitalizeVC, a seed stage venture fund run by our team.

Proud to be part of the Vitalize Venture Group platform

© 2020 IrishAngels Inc. | 415 N. LaSalle Dr. Chicago, IL 60654

IrishAngels is not officially sponsored by or endorsed by the University of Notre Dame.

© 2020 IrishAngels Inc.
415 N. LaSalle Dr. Chicago, IL 60654

IrishAngels is not officially sponsored by or endorsed by the University of Notre Dame.