Rainsource Capital set to launch big push on angel investor funds

Rainsource Capital, a network of angel funds based in St. Paul, Minnesota, will launch an ambitious effort to more than quintuple its number of affiliated funds over the next five years, MedCity News has learned.

The group will announce Friday morning at its annual Rainmakers Conference a plan to create 100 more funds across the country by 2016. Rainsource operates 23 angel funds in six states, including Minnesota, Iowa, North Dakota, South Dakota, Idaho and Montana.

Funds range from seven to 61 members, pooling their money in a collective pot of $500,000 to $2 million each. Rainsource currently has more than $33 million invested in 55 companies.

Thomas Lee

Full Story: http://www.medcitynews.com/2010/09/rainsource-capital-set-to-launch-big-push-on-angel-investor-funds/

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The Frontier Angel Fund is a group of accredited investors dedicated to providing equity capital to early and mid-stage entrepreneurial companies. We are a member managed pooled fund – that is, we review deals together and then vote to invest our pooled capital. Our typical group investment is in the range of $100,000 to $200,000. Our members have the option of investing from their personal accounts along side the fund. Our primary focus is on companies based in western Montana, Montana, and the inland Pacific Northwest. http://frontierangelfund.angelgroups.net/