New Louisiana Angel Fund

BRF spearheaded the formation of the New Louisiana Angel Fund 1 (NLAF 1) in 2014 to fill the gap resulting from a regional lack of organized investment resources for startups. NLAF 1 is the first north Louisiana angel investor group and meets monthly to evaluate for startups for funding.

To ensure a vibrant innovation ecosystem, north Louisiana needs a well-managed investor fund comprised of accredited investors who meet regularly to evaluate marketable opportunities. The New Louisiana Angel Fund 1 (NLAF 1) was created in 2015 to provide funding to entrepreneurs and investment opportunities to accredited investors who want to promote the growth of business initiatives in Shreveport-Bossier and north Louisiana. The member-managed fund was organized by the BRF.

NLAF 1 is now syndicated with investor groups in New Orleans, Austin, Dallas, Houston and Baton Rouge, which provide opportunities for additional funding of its startup companies. In addition, NLAF 1 angels may participate with “side car” deals, whereby members can individually make additional investments in an NLAF 1-funded company. In 2015, NLAF 1 closed its fund with $2.675 million raised from 53 investors, and invested $1.045 million in eight companies. These companies raised an additional $11.574 million from other sources, including other syndicated angel groups and side car investments.

The Innovation Model

SOURCES FOR IDEAS

  • State & regional higher ed faculty, staff and students
  • Community individuals
  • Angel networks & investors
  • Accountants/lawyers and other professionals
  • Marketing and public relations

EAP SERVICES

  • Market Analysis
  • Financial Analysis
  • Business Plan Development
  • Creating the Pitch

NLAF 1: ACCESS TO CAPITAL

  • Angel Funding
  • Side car Funding
  • Venture Capital

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Mission

 

Diversify and grow our region’s economy.

Vision

 

Operate as a catalyst to expand and develop research, entrepreneurship and high-growth businesses in our region.

Values

 

Innovation. Collaboration. Problem Solving. Bold Action.

Lend Your Support

BRF helps young companies and ideas, transforming them into prosperous entities that better the future of our region.