SOURCE: Seattle Angel Fund

February 08, 2016 12:44 ET

Seattle Angel Fund Raises $1.375 Million to Invest in Launch Stage Startups in Pacific Northwest

Group's Active Angel Investors Already Backing CSATS, Aqueduct, OtoNexus and Tenacity

SEATTLE, WA--(Marketwired - Feb 8, 2016) - Seattle Angel Fund I (SAF), a collaborative and interactive, member-directed investment fund focusing on Pacific Northwest early-stage, growth-oriented businesses, today announced the closing of their first fund at $1.375 million, to provide much needed funding, knowledge, experience and connections for promising young companies. The organization's four investments to date are CSATS, Aqueduct, OtoNexus and Tenacity.

Launched in January 2015 and managed by Susan Preston, Seattle Angel Fund was started to provide investors the opportunity to invest as a group throughout the year of active investment. "Our ultimate goals are to provide superior investment returns for member investors, as well as increase the number of active angel investors and startups supported financially and business-wise in the Pacific Northwest," said Susan. "The Fund recognizes the crucial and active role angel investors can play in nurturing existing companies."

"We were impressed with the thoroughness of the SAF diligence process and the respect shown for the entrepreneur," said Tom Clement, CEO, Aqueduct. "Susan and her team continue to be engaged and supportive after the investment, which is important for young companies."

Modeled after the successful Oregon Angel Fund (OAF), Seattle Angel Fund is committed to replicating the proven process of annualized investment and engaged investors. Preston's own experience with the model helps to ensure an established and well-vetted protocol. She brings 15 years of venture fund, angel investment and training experience and is a world recognized authority on angel investing.

Angel investment training is an important part of the Seattle Angel Fund. "We conduct boot camps for our members and use comprehensive diligence tools," said Susan. "The members are learning by doing through great investments, and at the same time, having fun together."

For 2016, Seattle Angel Fund will leverage the success of Fund I to continue to build a well-run organization with an active group of Fund members. The Fund's major projects include completing new investments in Fund I and launching Fund II.

About Seattle Angel Fund
The Seattle Angel Fund I, LLC., (SAF) is focused on investments in Pacific Northwest growth-oriented, start-up companies. SAF aims to drive economic growth and prosperity through excellent investment opportunities for investors and continuous and valuable support of portfolio companies. Visit www.seattleangelfund.net

Contact Information

  • Media Contacts:
    For Seattle Angel Fund
    Jeff Denenholz
    206-437-9810
    Email Contact