Corridor Angel Investors

Eastern Iowa Angels

Corridor Angel Investors is a new group of accredited angels interested in investing in Iowa-based companies. We aim to build a strong network of 50 or more angels by the end of 2017. Our membership is open to any profession or industry background or level of investment experience.

This program is an initiative of NewBoCo, a non-profit corporation, which powers Iowa Startup Accelerator, the ISA Fund I investment fund, Vault Coworking and numerous other entrepreneurial and innovation programs. The group provides local angel investors access to deals from both from the Iowa Startup Accelerator program and other regional startups.

We provide a platform for members to view and exchange information about investment opportunities, collaborate on due diligence, but make their individual investment decisions. This is not a fund. We also provide education for new angel investors, to help build a diversified investment portfolio.

Investment Criteria

We are seeking opportunities to invest in companies across a wide variety of industries and lifecycle stages. Our investments can include early stage startups, such as those from Iowa Startup Accelerator, but are open to any Iowa-based companies, including those from other accelerator programs. We focus primarily on industries where Iowa is well-known for its strength, most commonly education, finance, healthcare, aging, food, manufacturing, transportation, and agriculture, but will consider other industries or opportunities as well.

We focus on investment opportunities of up to $500k, though we can collaborate with other angel groups around the Midwest on larger opportunities, such as Plains Angels, Nebraska Angels, or Gopher Angels.

Investors: Apply to be a member

To join our group, you must:

  • be an SEC-accredited investor
  • be a member in good standing, which requires a short online application and a $299 annual membership fee. The fee is used to offset operating costs for the group, including building the pipeline of prospective investments, screening proposals, creating term sheets, due diligence research, legal services, investment or valuation analysis and member recruiting.
  • have the intent to invest at least $50,000 in the next two years into companies in Eastern Iowa
  • participate in meetings and collaborate to identify, filter and perform due diligence on potential investments
Investor Application

2017 Informational Meetings

To learn about Corridor Angel Investors, come to our informational meetings:

  • Thursday, March 2, 2017, 4:30-6:00PM (RSVP here)

2017 Investor Meetings

Our group has four scheduled meetings (once per quarter), but may from time to time add meetings for opportunities that arise. These are open to members and prospective members.

Our scheduled meetings for 2017 are:

  • Thursday, January 26th, 2017, 4:30-6:00PM
  • Thursday, April 27th, 2017, 4:30-6:00PM
  • Thursday, July 20th, 2017, 4:30-6:00PM
  • Thursday, October 19th, 2017, 4:30-6:00PM

All meetings are held at the Geonetric building in Cedar Rapids, but are also available to attend via videoconference.

The agenda for a typical meeting is as follows:

  • light refreshments
  • a pitch from one or more vetted, early stage startups (they may or may not be ISA startups)
  • from time to time, a short educational presentation on topics germane to angel investing. These topics will range from the straightforward “understanding term sheets” to timely topics, such as new equity crowdfunding rules or imminent regulatory changes that affect angels.

Have questions? Contact Eric Engelmann, Executive Director at eric@newbo.co.

Startups: Apply to present

To pitch our angels, you must:

  • Be a for-profit, scalable business opportunity located in Iowa.
  • Ideally be in one of our target sectors (education, finance, healthcare, aging, food, manufacturing, transportation, and agriculture).
  • You do not have to be an Iowa Startup Accelerator company or have a relationship with any of our programs, but getting to know us prior to applying to pitch can dramatically increase your odds of bring selected.
  • Complete a full profile on Gust.com before you apply to pitch.
  • Apply online via the button below, with a $49 non-refundable application fee.
  • Be selected by our vetting team. If you aren’t selected, we’ll give you direct and candid feedback in-person, and encourage you to re-apply. You do not need to pay the application fee again.

If selected to present, you’ll also be required to meet with our staff for at least one 90-minute meeting before the investor meeting.

Startup Application

Application deadlines

  • For the April 27th meeting, the application deadline is Monday, April 3rd at 5PM.
  • For the July 20th meeting, the application deadline is June 26th at 5PM.
  • For the October 19th meeting, the application deadline is September 25th at 5PM.

Have questions? Contact Eric Engelmann, Executive Director at eric@newbo.co.