Atlantic Angels: New Funding Network
October 07th, 2013
A group of seasoned investors and entrepreneurs will launch a new angel investment group in Halifax today with a pledge that they will not charge companies any fees to pitch to the group.
Having already attracted about 30 investors, Atlantic Angels will hold its first meeting this month and has identified several companies that could win investment from the members. The group is now being led by a loose steering committee and the key organizers include Volta Executive Director Milan Vrekic and Permjot Valia, the London-based founder of MentorCamp.
The thinking behind Atlantic Angels is that more wealthy people should be brought into the community, shown investment opportunities and educated in the ups and downs of investing in startups. By charging neither the company nor the investor, the group hope to improve efficiency in investing and attract more investors.
“What this is all about is founder-friendly funding,” said Shawn Carver, Moncton, Co-Founder of the NextPhase training seminars and Fiddlehead Technologies. “It’s a sign of the maturity of the deal flow in the region that we can supply enough deals for an additional investment group.”