Interested in meeting Angel Investors?
To list your Company on our website and make your profile available to 7,500+ VCs and Angel Investors, Click Here.

Angel Investor Group Profile
Life Science Angels, Inc. (LSA)
Since its inception in 2004, Life Science Angels, Inc. (LSA) continues to provide seed capital to early stage companies that focus on medical devices and biotechnology industries. These start-ups are usually below the threshold of traditional funding sources such as venture capitalists and lenders, and LSA was founded to support emerging companies in their vision to provide services in these industries.

LSA's founders, that include more than 100 elite executives, life science entrepreneurs, and fireball angel investors, formally launched the company in January 2005 and were backed by 15 big sponsors from the biotechnology and medical devices industries. LSA likewise formed a syndicate with capital investment groups such as venture capitalists, outside investors, and other angel firms to invest in companies that need bigger funds. The group's head office is located in Palo Alto, California.

How does the selection process go among aspiring start-ups for initial funding? Investment committees are divided into two: the Biotech and the Medical Device. Executive summaries and business plans submitted to LSA are managed by a committee of at least 12 members, all expert on their respective fields. Membership meetings are held every other month to proceed with the presentation of one or two start-up companies shortlisted for an investment. After passing a strict due diligence process, successful companies are given their initial investment through a Limited Liability Company (LLC) to be managed by a single investor. Seed capital ranges from $250,000 to $750,000 and further financing through syndication can be anywhere from $1.5M to $6M. By agreement, LSA gains a seat in a company's Board of Directors and gets involved in its management and operational plans. To attract potential investors in subsequent funding, LSA members also help start-up entrepreneurs by providing expert advice in company management and capital-raising strategies. Being a non-profit organization means good news among aspirants -- no management or override fees are collected among members and entrepreneurs vying for investment application.

The LSA Operations is financed by life science firms that include PricewaterHouseCoopers (PwC), Silicon Valley Bank (SVB), Wilson Sonsini Goodrich & Rosati (WSGR), Boston Scientific, and Jefferies. As LSA's networking aims continue to improve over the previous years, the group also has an exclusive list of top VC firms in the country as members: Skyline, DeNovo, Vulcan, CMEA, and Clarus among others.

As a self-governed angel investment group, LSA conducts annual business events to gain opportunities and to further develop networks with other financing groups in the industry. LSA likewise coordinates with universities and colleges across the country to promote networking and possible syndication. These programs are aimed to provide investment opportunities to start-up companies who passed the due diligence process.

In its portfolio, LSA had already invested $8M in 14 medical device and biotechnology companies since April 2005. These companies include CoMentis, Novasys Medical, Pegasus Biologics, Breathe Technologies, and Bioabsorbable Therapeutics, which in return had raised a follow-on funding of $200M from VCs and other investors.

Life Science Angels Website

Useful and informative, the Life Science Angels website is a good start for young entrepreneurs looking for an initial investment to run their business. The main page of the site efficiently sums up the history, objectives, membership, sponsors, industry affiliation, and selection process among start-up companies to qualify for a seed investment. The site also provides links to additional information regarding activities, events, press releases, and fact sheet related to LSA's programs.

Interested browsers can click on the tabs above the main page for a comprehensive discussion of articles concerning LSA's history, committees, management team, sponsors, portfolio companies, and events. Furthermore, these articles contain links of sites with regard to specific information such as team profiles and LSA activities.

The Downloads page includes an overview of LSA, a submission form for start-ups, and a bunch of news and press releases available to anyone who needs them -- for free. The press release downloads contain articles that range from LSA's launch last January 2005 to Athenagen's $50M financing from different investors.

Furthermore, the Contact page allows feedback and suggestions from parties who are interested in becoming a member or sponsoring LSA events and projects. The page also encourages start-up entrepreneurs in biotechnology and medical devices to submit their executive summaries or business plans for investment application.

About FundingPost
For over 17 years FundingPost has worked with thousands of Angel and Venture Capital Investors. We believe that it is important to reach investors in every medium possible - both online and offline. We have been directly responsible for tons of success stories and Millions of dollars in capital raised. We look forward to introducing your company to the leading Venture and Angel Investors nationwide.

Join the FundingPost email list and learn how, when and where you can meet these Investors:

Angel Investor Group Profile

Other Angel Group Profiles:
37 Angels : New York, NY
Acorn Angels : Sunnyvale, CA
Active Angel Investors : Vienna, Virginia
Alaska InvestNet : Anchorage, Alaska
Alliance of Angels : Seattle, Washington
Angel Capital Education Foundation : Lenexa, Kansas
Angel Capital Group : Nashville, Tennessee
Angel Healthcare Investors : Newton, Massachusetts
Angel Investor Forum : Hartford, Connecticut
AngelNet, the Indiana Angel Investment Network : Indianapolis, Indiana
Ann Arbor Angles : Ann Arbor, MI
Ariel Savannah Angel Partners : Savannah, Georgia
Arizona Angels : Scottsdale, Arizona
Atlanta Technology Angels : Atlanta, Georgia
Bay Angels : Boston, Massachusetts
Beacon Angels : Boston, Massachusetts
Bellingham Angel Group : Bellingham, Washington
BioAngels : Lake Bluff, Illinois
Blue Ridge Angel Investment Network : Fletcher, North Carolina
Bluegrass Angels : Lexington, Kentucky
BlueTree Allied Angels : Pittsburgh, Pennsylvania
Boise Angel Alliance : Boise, Idaho
Boston Harbor Angels : Boston, Massachusetts
Boynton Angels : Worcester, Massachusetts
Camino Real Angels : El Paso, Texas
Centennial Investors : Columbia, Missouri
Central Texas Angel Network : Austin, Texas
Charleston Angel Partners : Charleston , South Carolina
Cherrystone Angel Group : Rhode Island
CommonAngels : Lexington, Massachusetts
CoreNetwork : Toledo, Ohio
Corporate Angels : Toronto, Ontario
CTEK Angels : Denver, Colorado
Desert Angels : Tucson, Arizona
Eastern New York Angles : Troy, NY
Eastern North Carolina Investor Network : Greenville, North Carolina
eCoast Angel Network : Portsmouth, NH
Emergent Growth Fund : Gainesville, Florida
Empire Angels : New York, NY
Enterprise Oklahoma Venture Fund : Tulsa, Oklahoma
European American Angel Club : San Francisco, California
European Business Angel Network : Brussels, Belgium
Frontier Angel Fund : Kalispell, Montana
Fund for Arkansas' Future : Little Rock, Arkansas
Golden Gate Angels : San Francisco, California
Golden Seeds : New York, New York
Grand Angels : Holland, Michigan
Granite State Angels : Bristol, New Hampshire
Great Lakes Angels : Bloomfield Hills, Michigan
Hawaii Angels : Honolulu, Hawaii
Houston Angel Network : Houston, Texas
Hub Angels Investment Group, LLC : Carlisle, Massachusetts
Huntsville Angel Network : Huntsville, Alabama
i2E : Tulsa, Oklahoma
Imporium Angels : San Diego, California
Inception Micro Angel Fund : Winston-Salem, North Carolina
Innovateur Capital : Mexico City, Mexico
Investors' Circle : Brookline, Massachusetts
Irish Angels Network : Notre Dame, Indiana
Jefferson Corner Group : Charlottesville, Virginia
Jumpstart New Jersey Angel Network : Mt. Laurel, New Jersey
Launchpad Venture Group : Wellesley, Massachusetts
Life Science Angels, Inc. (LSA) : Palo Alto, California
Long Island Angel Network, Inc. : Melville, NY
LORE Associates : Pennsylvania
Maine Angels : Bar Harbor, Maine
Marquette University Golden Angels Network : Milwaukee, Wisconsin
Mass Medical Angels (MA2) : Boston, MA
Mid-America Angels : Lenexa, Kansas
Mid-Atlantic Angel Group Fund I, LP (MAG) : Philadelphia, Pennsylvania
Midwest Venture Alliance : Wichita, Kansas
Minority Angel Investor Network (MAIN) : Philadelphia, Pennsylvania
Mississippi Angel Network : Ridgeland, Mississippi
Nashville Capital Network : Nashville, Tennessee
National Angel Organization : Toronto, Ontario
National Association of Seed & Venture Funds : Oklahoma City, Oklahoma
NEW Capital Fund : Appleton, Wisconsin
New Mexico Angels Inc. : Albuquerque, New Mexico
New World Angels : Boca Raton, Florida
New York Angels : New York, New York
North Bay Angels : Healdsburg, CA
North Coast Angel Fund : Cleveland, Ohio
North Country Angels : Vermont
North Dallas Investment Group : Richardson, Texas
Northern Ontario Enterprise Gateway : Providence Bay, Ontario
Ohio TechAngels Fund : Ohio
Orange County Angel Network : Goshen, New York
Origin Investment Group : La Crosse, Wisconsin
Ottawa Angel Alliance : Ottawa, Ontario
Pasadena Angels : Altadena, California
Pennsylvania Angel Network : Harrisburg, Pennsylvania
Phenomenelle Angels : Madison, Wisconsin
Piedmont Angel Network : Greensboro, North Carolina
Portland Angel Network : Portland, Oregon
Purple Angel : Washington, DC
Queen City Angels : Cincinnati, Ohio
RAIN Source Capital : Minneapolis, Minnesota
River Valley Investors : South Hadley, Massachusetts
Robin Hood Ventures : Philadelphia, PA
Rochester Angel Network : Rochester, New York
Sacramento Angels : Sacramento, California
Sand Hill Angels : Menlo Park, California
Seraph Group : Atlanta, Georgia
Sierra Angels : Incline Village, Nevada
Silicon Pastures : Milwaukee, WI
Springboard Capital : Jacksonville, Florida
St. Louis Arch Angels : St. Louis, Missouri
STAR Angels Network : New York, NY
Stateline Angels : Rockford, Illinois
Tacoma Angel Network : Tacoma, Washington
Tech Coast Angels : Los Angeles, California
Tech Valley Angel Network : Albany, New York
Tenex Medical Investors : Silicon Valley, California
The Angels' Forum (TAF) : Palo Alto, California
The Band of Angels : Menlo Park, California
The InvestIn Forum of Angel Investors : Dallas, Texas
Toronto Network of Angels : Toronto, Ontario
Transition Partners Limited : Boulder, Colorado
Triangle Accredited Capital Forum : Wake Forest, North Carolina
Tristate Ventures, LLC : New York, New York
Twin Cities Angels : Minneapolis, MN
Vegas Valley Angels : Las Vegas, Nevada
Virginia Active Angel Network (VAAN) : Charlottesville, Virginia
Washington Dinner Club : Vienna, Virginia
Wilmington Investor Network : Wilmington, North Carolina
Winter Park Angels : Winter Park, Florida
Wisconsin Angel Network : Madison, Wisconsin
Women's Investment Network : Portland, Oregon
ZINO Society : Seattle, Washington

Join the FundingPost email list
and learn how, when and where
you can meet these Investors:
Do you use an RSS Feed Reader?
Join FundingPost's Investor Profile RSS Feed FundingPost RSS Feed
and get new Investor Profiles every day!