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