About Texoma Angels
Texoma Angels is an independent consortium of individual accredited angel investors with a mission of introducing our angels to early-stage and emerging growth companies needing funding. Our angels seek not only to obtain financial returns but also to benefit the entrepreneurs leading those companies and economically developing our region. As such, we like deals where the company is headquartered near Wichita Falls, Texas but are willing to consider companies from outside Texas too.
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Overview
The Need
Many companies with great promise don't need more than $1 million to get started, but few VCs today consider financings of less than $3 - 5 million. Texoma Angels fills this gap for companies by making investments in the range of $100,000 - $750,000. Our funding and assistance allow a startup to launch its business and accomplish critical milestones that will make it attractive for a larger venture capital financing.
The Group
Our angels are a group of business leaders from many fields who work collaboratively and with high levels of professional standards to make investments in start-ups with very high growth potential. Our investors become actively involved in these companies, providing valuable mentoring to their management teams and often sitting on their boards. For information about membership in Texoma Angels please contact the Lalani Center at (940) 397-4366.
Criteria for Companies Sought
Many companies with great promise don't need more than $1 million to get started, but few VCs today consider financings of less than $3 - 5 million. Texoma Angels fills this gap for companies by making investments in the range of $100,000 - $750,000. Our funding and assistance allow a startup to launch its business and accomplish critical milestones that will make it attractive for a larger venture capital financing.
The Group
Our angels are a group of business leaders from many fields who work collaboratively and with high levels of professional standards to make investments in start-ups with very high growth potential. Our investors become actively involved in these companies, providing valuable mentoring to their management teams and often sitting on their boards. For information about membership in Texoma Angels please contact the Lalani Center at (940) 397-4366.
Criteria for Companies Sought
- Stage: Texoma Angels prefers to invest in companies that have finished their product development and are in the process of commercializing their product.
- Geography: The bulk of the companies considered by Texoma Angels are domiciled in Texas, although we will consider investment opportunities from other areas as well.
- Growth Potential: Texoma Angels considers businesses that have a good chance of achieving more than $5 million in annual revenue within five years.
- Size of Round: Texoma Angels prefers to participate in investment rounds where the overall cash raised is less than $2 million. It can lead the transactions in which it invests, and is willing to work with other angel groups as well.
- Pre-money Valuation: Texoma Angels invests in deals where the pre-money valuation is less than $4 million. It will only invest at higher pre-money valuations in very extraordinary circumstances.
- Industry Preference: We are open to investments from any industry. Several group members have extensive experience in the oil and gas discovery and production area.
- Process: Texoma Angels employs a rigorous vetting process to select the most attractive companies to present to its membership.
- Legal: Texoma Angels is not a fund and does not invest as a group. Our members collaborate on due diligence but make individual investment decisions and understand that investments in early-stage, privately-held ventures are risky and can be highly illiquid. Texoma Angels is a Texas Corporation whose primary business offices are located in Wichita Falls, Texas.
