RTP Angel Fund

A seven-member board of managers — Elaine Bolle, John Cambier, William Doyle, Merrill Mason, Kirk Parker, Trevor Royce, and Beth Smith — oversees the fund. Cambier acts as fund administrator. Investment decisions ultimately rest with the broader membership, who vote after a company presents at the monthly member meeting and due diligence concludes.

Companies apply through the fund's website. The team reviews applications, conducts a 30-minute introductory call, and advances qualifying companies to a screening committee presentation. The fund also pursues syndication opportunities outside its core geography that come recommended by a trusted partner.

It operates as a hybrid. The vehicle is a committed-capital fund, not a traditional deal-by-deal angel network, but it is member-managed and the 50-plus members frequently invest additional personal capital alongside the fund in specific deals. The monthly member-meeting vote preserves the collective character of an angel group.

The fund focuses on early-stage opportunities, primarily pre-seed and seed rounds, though it will consider select Series A investments. Typical check sizes range from $50,000 to $250,000, with an average investment of around $150,000, and the fund states it is willing to lead rounds and issue term sheets when appropriate.

There is no fixed sector mandate. The portfolio reflects the broad expertise of the membership and spans enterprise software, digital health, AI/ML, industrial technology, mobility, proptech, and media. Disclosed holdings include NanoPattern (advanced materials for semiconductors), Deep Blue Medical (surgical devices), Voxel (electrochemical machining), and mPATH (automated preventive-care SaaS).

RTP Angel Fund primarily seeks investments in the Research Triangle Park region of North Carolina. It also considers companies throughout North Carolina and the broader southeastern United States, and will selectively syndicate deals outside that footprint when a trusted partner originates the opportunity.

No separate philanthropic foundation, real-asset arm, or institutional fund vehicle has been disclosed. The firm presents itself as a single committed-capital entity backed by its individual membership.