Become an Angel Investor
To become an angel investor, identify an angel investment fund that matches your investment goals, strategy and timeline.
Fund I was closed to new investors as of April of 2013.
We will begin seeking investors for Fund II after the April 10th annual meeting. At that time we will have an Executive Summary Available. Please consider investing in Fund II and sharing the opportunity with your friends.
Angels on the Water
Individuals and organizations may purchase units and become a member of Angels on the Water, a Limited Liability Corporation. Individuals and organizations who become a member of Angels on the Water share a common desire to advance our region, diversify their portfolios with high-potential start-ups and a willingness to assume start-up risk. Because returns are unpredictable and the lifespan the fund is indefinite, this investment is best suited for individuals and organizations that are sophisticated and well-informed and have the ability to provide for their annual needs and contingencies.
As an angel investment fund, Angels on the Water uses a committed capital model. Here's how it works:
- Commit to invest a specific amount over a five-year period by signing the private placement memorandum.
- When a deal is ready to be funded, Angels on the Water will issue a capital call to you as an investor. (No more than 30% of your commitment will be called in a single year.)
- Once the capital call is issued, investors must submit funds within 30 days.
Subscribe to Angels on the Water
Units of $25,000 may be purchased. Individuals may purchase one to 40 units, by committing $25,000 to $1,000,000 (total over five years).Institutional investors may purchase two to 40 units, committing $50,000 to $1,000,000(total over five years).
When subscribing, members will also contribute 3.5% of their capital commitment in fees to fund organizational expenses and 2.5% of the capital commitment annually to fund Angels on the Water's on-going administrative expenses.
Each deal that is funded will represent no more than 10% of the fund's value, unless a special exception is approved by the Angels on the Water Board of Directors. At least half of all deals funded will support companies located in the 18-county region of Northeast Wisconsin called the NEW North. In addition to providing capital, interested investors may be asked to provide guidance, support and mentorship to business owners.
Review the Private Placement Memorandum
If you are interested in becoming an investor, please contact us and request a copy of our Private Placement Memorandum, which fully outlines the investment opportunity.