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Springfield Angel Network operates as an angel investment consortium, serving as a critical bridge between accredited investors and burgeoning startup companies within the Springfield region. It provides essential early-stage capital and strategic mentorship, fostering the growth of innovative ventures. The network’s structure facilitates a streamlined process for member investors to evaluate and fund promising local businesses, thereby strengthening the entrepreneurial ecosystem.
Established in 2008, the network arose from a clear need to energize the local startup scene and provide a formal mechanism for private capital to flow into early-stage companies. The founding insight centered on harnessing the collective wisdom and financial resources of experienced local business leaders to cultivate new economic opportunities. Its formation addressed a gap in the funding landscape for nascent enterprises in the area.
The network primarily serves entrepreneurs and small businesses seeking initial funding rounds and expert guidance to scale their operations. It aims to propel local innovation by backing high-potential startups across various sectors. The overarching vision involves cultivating a robust and self-sustaining entrepreneurial community, driving economic diversification and job creation within the Springfield metropolitan area by empowering its next generation of industry leaders.
Springfield Angel Network has 1 tracked investment across 1 company. The latest tracked deal is $6.0M Series A in Aisle411 in September 2013.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Sep 1, 2013 | Aisle411 | $6.0M Series A | Cultivation Capital | FINTOP Capital, DON Dodge, Billiken Angels, Plug And Play Ventures, ST. Louis Arch Angels |