Treasure Valley Angel Fund

The fund is managed through the Boise Angel Alliance, a non-profit organization that has organized angel investing activity in Idaho for over two decades. Co-founder Kevin Learned provides strategic leadership and has represented the fund on the board of the national Angel Capital Association. Legal and deal-structuring support comes from regional professionals including Nick Miller, a Managing Partner at the Boise-based law firm Hawley Troxell.

Deal flow is sourced primarily through the deep local networks of the Boise Angel Alliance's membership and its ties to the Idaho Technology Council. The fund benefits from referral relationships with regional accelerators, university commercialization offices, and the professional-services community in the Treasure Valley. Its non-profit structure and long-standing presence give it visibility into most early-stage activity across southern Idaho.

The Treasure Valley Angel Fund is the successor to the Meridian Angel Fund, which was initiated by the non-profit corporation The CORE in Meridian, Idaho. The rebranding and expansion to a valley-wide focus under the Boise Angel Alliance allowed the vehicle to draw from a broader investor base and deal flow beyond a single municipality. The underlying management and investment approach remain continuous with the earlier fund.

The fund's mandate is tightly concentrated on the Treasure Valley region and the broader Intermountain West. While its generalist sector approach does not preclude backing companies with national ambitions, the investment committee primarily evaluates opportunities with operational or founder ties to Idaho. It is not known to pursue out-of-state deals without a local nexus.

It is structured as a pooled angel fund — legally and operationally distinct from a traditional venture capital partnership. It does not charge the management-fee-and-carry model of a VC fund; instead, it operates under the non-profit umbrella of the Boise Angel Alliance, where members contribute to due diligence costs and invest directly in portfolio companies. This gives it the deal-screening rigor of a micro-VC without the institutional fund economics.