Fund II is open and seeking investors. In total, Fund II is looking to invest $10 million in Wisconsin based companies. Learn more about how our angel investment fund works and how you can get involved.
How Angel Investing Works
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 percent 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 $100,000 may be purchased. Individuals may purchase one to 40 units, by committing $100,000 to $1,000,000 (total over five years). Institutional investors may purchase two to 40 units, committing $200,000 to $1,000,000 (total over five years).
When subscribing, members will also contribute 3.5 percent of their capital commitment in fees to fund organizational expenses and 2.5 percent of the capital commitment annually to fund Angels on the Water's on-going administrative expenses. This is included in the commitment amount.
Each deal that is funded will represent no more than 10 percent of the fund's value, unless a special exception is approved by the Angels on the Water Board of Directors. At least 30 percent 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.