Looking for investors can be both exciting and nerve-wracking. We want to help make it as smooth as possible for you. Here’s what you need to know so you can be ready for a great Angel relationship with ATA.
Atlanta Technology Angels Investment Criteria
Types of Companies
We invest in technology-oriented businesses with the potential to scale rapidly and with capital efficiency.
We work with companies based in the Southeast, especially in the greater Atlanta area.
Minimum: Prototype complete or near-complete.
Better: Beta stage with pilots or paid pilots.
Best: Fully-developed product with initial revenue and demonstrated customer interest.
We’re looking for talented management teams that demonstrate vision, focus, and the ability to execute. Prior CEO and domain experience are big pluses.
We do 6-8 deals per year. We invest between $100k-$300k in deals. This means:
- We lead rounds of $300k – $750k. Typically a convertible note with 6% interest, 20% discount, and a valuation cap between $2M – $6M.
- We participate in a variety of “angel deals” if you already have a lead investor and defined terms.
- We can also fill out priced rounds of various sizes and security types if you have a lead investor and 75% of the target round committed.
We’re interested in companies that leverage technology to create disruption. For medical device and biotech companies, we prefer products and services with a clear regulatory path. We generally do not invest in pharmaceuticals.