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NOLA Angel Network
NOLA Angel Network connects Gulf South accredited investors to early-stage startups, deploying over $5M into software, health tech, and energy companies.
NOLA Angel Network
NOLA Angel Network operates as a member-led angel investment group based in New Orleans, Louisiana. Founded as a response to the post-Katrina entrepreneurial resurgence, the network channels accredited investor capital into Gulf South startups. Its membership consists of local executives, former founders, and professionals who source and diligence deals through a structured screening process. The group typically evaluates hundreds of startups per year, selecting a narrow subset for member presentations. The network focuses on pre-seed through Series A rounds across multiple sectors. Its portfolio reflects the region's economic concentration in enterprise software, digital health, energy transition technologies, and media. Members have participated in rounds for local companies such as Lucid, a survey-software firm acquired by Cint Group, and zlien, a construction-payment platform rebranded as Levelset (per PitchBook, 2021). Geographic emphasis remains on Louisiana and the broader Gulf South, though the group will selectively review deals from the Southeast. Total capital deployed is not publicly disclosed, but the network reported deploying over $5 million into 40-plus companies by 2019 (per Silicon Bayou News, 2019). The group operates without a central fund, meaning investment decisions and check sizes remain at individual member discretion. NOLA Angel Network does not maintain permanent staff or a dedicated office; operations run through member volunteers and periodic administrative support. Structurally, the network functions as an access point rather than a pooled vehicle. This unbundled model differentiates it from venture firms and family offices that commit institutional capital. Members retain full control over their portfolios, creating a decentralized sourcing network that mirrors the city's relationship-driven business culture. Succession and governance remain informal, with leadership drawn from long-tenured members who manage deal flow and sponsor recruitment.
General information
Firm type
Generalist
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
United States
City
New Orleans
Corporate office
New Orleans, LA, United States
Sector focus
Frequently asked questions
How does NOLA Angel Network source deals?
Deal flow comes through member networks, regional accelerators, and direct founder outreach. The network maintains relationships with New Orleans-area startup hubs, including The Idea Village and Tulane University's innovation programs. Members also refer companies from their professional networks across the Gulf South.
Is NOLA Angel Network a pooled fund?
No. The network evaluates and presents opportunities to its members, but each accredited investor decides individually whether to invest and at what size. There is no central fund or pooled capital vehicle. This structure gives members full discretion over their angel portfolios.
What investment stages does NOLA Angel Network target?
The group targets pre-seed, seed, and early-stage startups. Most capital goes to companies raising initial institutional rounds, typically between $250,000 and $2 million. Select follow-on investments occur in subsequent rounds raised by existing portfolio companies.
Which sectors does NOLA Angel Network focus on?
The network's portfolio concentrates on sectors aligned with the Gulf South economy: enterprise software, digital health, energy transition and renewables, and media and entertainment. Deal selection reflects the region's growing startup clusters in B2B SaaS and healthcare IT, plus Louisiana's long-standing energy industry expertise.
Does NOLA Angel Network co-invest alongside venture capital firms?
Yes. The network frequently participates in rounds led by institutional venture firms. Member investments often fill a portion of a syndicate alongside funds such as the Louisiana Fund, New Orleans Startup Fund, and regional seed-stage managers. This co-investment posture gives members access to diligence led by professional investors.
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