Asset Manager

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Alamo Angels

Alamo Angels, formerly San Antonio Angel Network (SAAN), connects accredited investors with high-growth startups and service providers. The organization has...

Alamo Angels

Alamo Angels, formerly San Antonio Angel Network (SAAN), connects accredited investors with high-growth startups and service providers. The organization has facilitated 57 investments. Its most recent investment was in Nopalera as part of a Series A funding round on March 24, 2026.

General information

Firm type

Asset Manager

AUM

> $7M

Location

Region

North America

Country

United States

City

San Antonio

Corporate office

San Antonio, TX, United States

Frequently asked questions

How does Alamo Angels structure its investments?

Alamo Angels does not operate a pooled fund. Individual member angels evaluate and invest directly in each startup presented through the network's screening process, writing personal checks on a deal-by-deal basis. This preserves member autonomy while centralizing deal sourcing, vetting, and the administrative overhead of syndicated early-stage investing.

What investment stages does Alamo Angels target?

The network focuses on pre-seed and seed-stage companies, deploying capital at the earliest institutional entry points when traditional venture funds are typically absent. This stage concentration requires intensive founder-level diligence, with the group screening hundreds of applicants annually to select a limited number of presentation-ready startups.

What geographies and sectors does Alamo Angels prioritize?

Alamo Angels concentrates on the Texas innovation corridor, with a primary emphasis on San Antonio-based operators addressing national-scale problems. Sector activity aligns with regional economic strengths, including cybersecurity, healthcare technology and medical devices, energy, and logistics — all sectors where the group's local network provides a sourcing advantage over national platforms.

Who runs investment decisions at Alamo Angels?

Investment decisions are made by individual member angels, not by a central investment committee. The network's leadership — whose named principals are not documented in current public records — manages deal screening, member coordination, and the presentation process, but final capital allocation authority rests with each accredited investor based on their own underwriting conviction.

Is Alamo Angels structured as a venture fund or an angel network?

Alamo Angels is a structured angel network, not a venture capital fund. Unlike a fund, it does not raise a blind pool of committed capital. Members review curated deal flow, attend presentations, and invest independently. This distinction matters for co-investors: the network negotiates terms as a syndicate lead but does not control follow-on reserves or portfolio construction decisions centrally.

Does Alamo Angels offer co-investment opportunities to external VCs?

Yes — angel networks structurally serve as syndication vehicles, and Alamo Angels' deals are likely to be structured with terms that accommodate follow-on institutional capital. The group's screening function acts as an initial due-diligence filter, which regional and national VCs can potentially leverage when evaluating San Antonio-based startups that have first passed through the network's vetting process.

How does a San Antonio-based angel network source proprietary deal flow?

Alamo Angels' deal flow originates primarily from the network's embedded position in the San Antonio entrepreneurial ecosystem — relationships with local accelerators, universities, service providers, and startups that may not actively pitch coastal or Austin-based funds. This sourcing model creates an early-access window to companies that later attract institutional capital, functioning as a local intelligence network that national platforms cannot replicate without local boots-on-the-ground membership.

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