Angel Investment Group Invests Over $4M Across Southeast Startups
Staff Report From Metro Atlanta CEO
Wednesday, December 11th, 2019
TiE Atlanta Angels, the angel investment group of TiE Atlanta, has invested over $4 million in investments across 15 startups across the Southeast.
Not industry-specific, TiE Atlanta Angels (TAA) has invested in companies focusing on biotech, healthcare products, tech-enabled laundry services, media tech, fintech, 3D printing design, genetic mapping, and cybersecurity tracking.
The fund partners with established and accredited investors to seek out legitimate deals that TiE Atlanta Angels can invest in. Also unique in its investment model, the fund does a lot of consistent investments, as opposed to focusing on a singular moonshot.
“This model has allowed our investors to grow a high-quality portfolio over a commitment of five years,” added JP James, co-chair of TAA, investor and founder of Hive Financial Systems. The fund has 67 angel investors.
Since its launch in July 2017, the angel group has worked on a disciplined investment model and has invested in companies seeking Seed through Series A funding. Through this model, TiE Atlanta Angels has become the fastest growing angel group in Southeast.
Recently, the organization worked with TiE Tampa to extend its investment reach. One of many startups, Tampa-based Harness received funding to continue developing its product and go-to-market strategy.
“TAA is made up of former founders, executives and business leaders who have created a ‘for founders, by founders’ type environment. The collective experience enables this group to create educational programming surrounding key moments in the business journey, and help founders assess and prepare for imminent situations that they may or may not have foreseen,” said Miraj Patel, founder of Harness, a TiE Atlanta Angel investment company. “It comes down to empathy. This group understands what it means to start and grow a business.”
With the angel investment group, TiE Atlanta forges ahead with its mission to support entrepreneurs through funding, mentoring, networking and education. “By creating access to funding, we are excited to support startups across various industries and inspire entrepreneurs to continue on their journey,” said Paul Lopez, president of TiE Atlanta.
Becoming an angel investor of TiE Atlanta Angels requires an initiation fee of $500, plus regular TiE Atlanta membership and a pledge to invest at least $10,000 in 12 months.
TiE Atlanta has supported Atlanta-based entrepreneurs for 20 years through its innovative programs, mentoring platform, and TiECON Atlanta, an annual conference that showcases the best of the entrepreneur community. It hosts monthly events featuring Atlanta’s top entrepreneurs; supports youth entrepreneurs through its TiE Young Entrepreneurs (TYE) programs, and invests in startups through TiE Atlanta Angels.