The Lake Superior Angel Network, a new angel investing group interested in making early stage investments in an area that stretches from Duluth, Minn. to Ironwood, Mich., held its first meeting this month. The group was established with about 25 investors and organizers.
The Lake Superior Angel Network is the 22nd group of high net worth investors looking to invest in selected start-up companies to affiliate with the Wisconsin Angel Network. Typical investments for the Lake Superior Angel Network will be between $50,000 and $500,000. Larger funding rounds will be introduced to other angel groups for possible co-investment. Start-ups in the Lake Superior region will be given preference.
“This is the first angel network north of Highway 8 in Wisconsin,” said Joe Kremer, director of the Wisconsin Angel Network, a project of the Wisconsin Technology Council. “It continues WAN’s multi-state approach by involving investors from Minnesota and Michigan as equal partners in seeking good deals and growing the regional economy as a whole.”
Investors looking for more information on the Lake Superior Angel Network or any of the other WAN-affiliated groups are asked to call Kremer at (608) 442-7557.
Entrepreneurs seeking potential angel investments are asked to visit the WAN’s website at www.wisconsinangelnetwork.com, where they can enter information into its “deal flow pipeline.”
