The Angel Angle

Providing an inside look at angel deals, entrepreneurial innovation, and startup activity in the Pacific Northwest.

Wednesday, June 24, 2009

AoA Seed Fund 1st Investment: LiquidPlanner

The Alliance of Angels has made its first Seed Fund investment, directing $235,000 to LiquidPlanner, developer of leading-edge online project management software. The investment by the Fund is in addition to a combined $385,000 that AoA members have invested in LiquidPlanner in the last two months, part of a total $1 million in new financing recently announced by the company.

AoA member Geoff Entress, an investor and member of the company’s board of directors said “My original decision to invest in LiquidPlanner was driven by two factors: the impressive management team led by Charles and Jason, and a truly innovative product that takes a completely new approach to project management software. I’m sure this combination of innovative offering and quality leadership, plus the great customer traction the company has been able to achieve in such a short time, is the reason so many AoA members and the Seed Fund were enthusiastic about this deal.”

The AoA Seed Fund considers financing deals in which a minimum of two AoA members, including an identified lead investor, invest an aggregate of at least $100,000. Alliance of Angels announced the Fund’s official launch in May. To date, it has raised $4.4 million to invest alongside individual angels in companies coming through the AoA program that meet the criteria for Fund investment.

Labels: angel investing

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