Piedmont Angel Network

PAN is a membership organization, not a pooled investment fund. Individual accredited investors pay dues to access screened deal flow and collective due diligence, but each member decides independently whether to invest and how much to commit per deal. There is no central capital vehicle.

PAN concentrates on North Carolina's Piedmont Triad — Greensboro, Winston-Salem, High Point — and to a lesser extent the broader Research Triangle. Sectors historically include technology, life sciences, and advanced manufacturing, often drawing from companies spun out of regional universities such as UNC Greensboro and Wake Forest.

Deal flow comes through member networks, referrals from regional incubators and university tech-transfer offices, and entrepreneur applications submitted directly. A screening committee reviews submissions and selects companies for presentation to the full membership.

PAN typically participates rather than leads priced equity rounds. Members have invested alongside later-stage venture funds and state programs such as the NC IDEA grant and the One North Carolina Small Business Program, but the network does not position itself as an institutional lead investor.

Individual member commitments have historically ranged from roughly $25,000 to $100,000 per company, with aggregate round participation sometimes exceeding $500,000 across several members and co-investors. PAN does not publish deal-by-deal metrics.