|Angel Investor Group Profile|
Based on Appleton, Wisconsin, the NEW Capital Fund focuses on high growth businesses in agriculture, manufacturing, information technology, and life science industries. The Fund supports early-stage companies through equity investment and seed capital financing that can help them achieve initial company milestones to further attract subsequent funding from venture capitalists and other angel groups. With 76 topical partners and roughly $10M worth of capital, the Fund aims to invest in 12 to 14 businesses three years from now.
NEW Capital Management, Inc. oversees the primary operations and usage of the Fund along with its Investment Board that is comprised of five ace members that facilitates the investment process. Also, it allocates the group's resources to alleviate the risks involved in financing start-up companies and gaining an above-average rate of return as well.
The Fund looks for business ideas with disruptive and proprietary technologies that can cope with market and consumer changes. Managed by a competent team of entrepreneurs driven by success, the business should likewise have a unique advantage in terms of product, service, and market offering. Typical range of investment is from $250,000 up to $1M, limited to start-up companies in the Northeastern Wisconsin region.
Since its inception, the Fund has already invested in three companies:
*Frozen Codebase. An enterprise that specializes in gaming software development, Frozen Codebase provides a diverse range of superior 3D video games available through download or store-based markets such as Sony, Microsoft, and Nintendo. The group is a team of ace computer programmers and video game innovators based on Green Bay, Wisconsin.
*Gen Tel BioSciences. In almost seven years of unparalleled service, Gen Tel BioSciences continues to provide high quality chemistry-based solutions and multiplex immunoassays in the region.
*Renovar. A bioscience company that focuses on research and technology development in kidney diseases through urine-based solutions.
Charlie Goff is the head of the NEW Capital Fund who manages the finances, operations, and deal closings of the network. Goff's previous experience in entrepreneurship and critical company operations helped him in establishing sturdy contacts with angel groups and VC firms that support his affiliate organizations.
NEW Capital Fund Website
For entrepreneurs who are planning to start a business in the Northeastern Wisconsin area, then better check out the NEW Capital Fund website. The site is an excellent resource of information on how an angel group can help an emerging company in facilitating its growth and realizing its potential.
In its home page, the site provides an overview of the Fund objectives and its focus industries. Also, it explains how the Fund is managed, how much it's worth, scope and limitations, and the structure of its organization. The site informs about its qualification as a Qualified Venture Fund based on the Act 255 of Wisconsin's state law which specifies that tax credits are given to Fund investors who closed deals in successful start-up ventures.
The site has discussed in detail the investment criteria that the Fund is looking for in early-stage companies. The investment range, geographic limitations, and management requirements are explained as well. Prior experience and business achievements of the Fund's management team are provided in respective profiles of each Investment Board member. Furthermore, the site includes a rundown of the Fund's portfolio companies with a brief description of each business. Quick links to their websites are also provided for further information.
The NEW Capital Management's contact information such as office address, phone and fax numbers, and email address is available on the site for feedback and inquiries about investment application, membership, events, and specific functions mediated by the group.
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|Angel Investor Group Profile|