Capital Raising Part 2: What is the process

After you have applied, what can you expect?

Enterprise Angels does receive a large number of applications, and we do review them all. We will evaluate if it your application meets our basic criteria and information requirements and will be in touch if it does.

If you do not hear from us, it is probable that you have not met our investment criteria at this point, however please get in touch again at a later stage.

Screening

When we have all necessary information from you, our screening committee will discuss and select applications to pitch to our members.

The committee evaluates each application to determine whether the investment opportunity has been sufficiently prepared and whether there is likely to be enough investment interest to lead the deal to completion.

Pitch

If the screening committee decides in your favour, you will be invited to present to our membership and potential investors (an audience of around 50-70 per event) at our next pitch night (refer here for upcoming dates).

Our pitch nights give our investors the opportunity to see you and your business first hand, and we cannot underplay the importance of this in the success of your capital raising.

There is no cost to you to pitch, although there is a cost for video recording, and, if the pitch results in investment, a commission on capital raised will apply.   Please review our fee schedule.

Due Diligence

If there is sufficient investor interest following the pitch night, a follow on meeting is arranged between the yourself and the group of interested investors to enable the investors to gain a better understanding of the opportunity and move forward with due diligence and term negotiations.

Terms and investment

After conducting due diligence, if favourable, we will agree on a term sheet and valuation and our investors will commit funds. We may also reach out to our Funds and non member wholesale investors and offer them the opportunity to participate in angel-backed deals.

Completing your funding round

When your company reaches its target, and all the legal documentation is completed, the money is transferred into your company’s bank account.

Many factors can influence the length of time this process takes (due diligence, deal negotiation), including (but not limited to): non-disclosed material information/ surprises, slow supply of key information from company and/or investors and extended negotiation of terms.

In general, this process process will be complete after 6-8 weeks and you will have the capital and expertise to continue your journey.

 

Get in touch!

We welcome engagement from anyone interested or involved in the early stage investment market - Investors, Angel Members, Strategic or Corporate Partners, Founders, Incubators or Accelerators, Deal Referrers, Acquisition Partners etc.