GROWTH VENTURES
Equity
Ownership in a company built to scale.
POTENTIAL RETURN
A future liquidity event
Often years away. An exit is uncertain.
AN EARLY-STAGE INVESTMENT FUND
Georgia capital.
Georgia companies.
Capital for the company. Security while the founder builds. Resilience for what comes next.
THE GEORGIA ANGELS ECOSYSTEM
Capital is the beginning.
Select a part. See how it connects.
PART OF HOW WE INVEST
Back the company.
Stay with the founder.
A company’s outcome should not determine whether its founder stays connected to healthcare, experience and opportunity.
WHILE YOU BUILD
Founder
Founder
Founder
Security
Health coverage access, benefits navigation and wellbeing support for founders and the people they hire.
Explore Security WHEN THE COMPANY ENDSFounder
Resilience
A healthcare bridge, transition support and a connection to the next role or company.
Explore ResilienceBoth programs are governed by written terms, eligibility requirements and available capital.
TYPICAL FIRST CHECK
$50K–$150K
Tied to a defined milestone.
FOLLOW-ON CAPACITY
Up to $500K
Total per company, earned through progress.
INVESTMENT MANDATE
Georgia only.
Every industry. Every county.Policy ranges, set company by company. Investment is subject to diligence and approval.
ON ANGEL INVESTING IN GEORGIA
Jim Balloun
Co-founder of McKinsey & Company’s Atlanta office, founding Trustee of the Georgia Research Alliance, and former chairman and chief executive of Acuity Brands.
Georgia Research Alliance“We need people who have done well here to stay here and make personal investments in the next generation of entrepreneurs.”
FOR INVESTORS
Why invest.
How it comes back.
A first check can determine whether a company gets started, where it grows, and who it employs. The investment structure follows the business.
THE FIRST CHECK
$50K–$150K
OPERATING BUSINESSES
Revenue-based capital
Investment repaid as the business earns.
INTENDED REPAYMENT
A share of revenue
The business does not have to be sold.
You direct your share.
The large majority of returns is intended for investors. You can elect how much of your own share is returned or reinvested. The model also provides for future companies and founder support.
The risk is real.
Many early-stage investments fail. The ones that succeed must carry the ones that do not, which is why diligence and a portfolio approach matter. You could lose your entire investment.
Read the investment caseNo return is guaranteed. Allocations, timing, investor elections, and eligibility are set in definitive offering documents. The history of angel investing
ROOTED IN GEORGIA
The whole state
is in the picture.
Georgia’s companies grow out of different places and different strengths. Our sourcing approach covers six territories, from manufacturing in the north to the ports along the coast.
REGIONAL FOCUS
Metro Atlanta
Software, fintech, health technology, logistics technology, and companies positioned to attract outside capital.
Georgia already has the foundation.
Research universities, incubators, accelerators, angel groups, chambers, and Small Business Development Centers are already at work across the state. Georgia Angels adds early capital and coordinates with that support.
Explore the organizations already here
A partial list of Georgia’s existing ecosystem. These names describe the landscape, not confirmed Georgia Angels partnerships.
- Advanced Technology Development Center
- Atlanta Tech Village
- Augusta University
- Biltmore Innovation Center
- Chambers of commerce across Georgia
- Clark Atlanta University
- Cox Cleantech Accelerator
- CREATE-X at Georgia Tech
- Curiosity Lab at Peachtree Corners
- Emory University
- Georgia Centers of Innovation
- Georgia Cyber Innovation and Training Center
- Georgia Department of Economic Development
- Georgia Research Alliance
- Georgia Southern University
- Georgia State University
- Georgia Tech
- HatchBridge at Kennesaw State
- Invest Atlanta
- Invest Georgia
- Mercer University
- Morehouse College
- Russell Innovation Center for Entrepreneurs
- Small Business Development Centers
- Spelman College
- Tech Alpharetta
- Technical College System of Georgia
- University of Georgia
- University System of Georgia
1.4 million
small businesses in Georgia
42.5%
of Georgia’s workforce employed by small businesses
45,950
net jobs added by Georgia small businesses in the year to March 2024
SBA Office of Advocacy, Georgia 2025 Small Business Profile and Business Employment Dynamics figures, cited in our impact research.
Why the financing gap matters
Early capital remains difficult to secure. In the Federal Reserve’s 2024 Small Business Credit Survey, published in 2025, 41% of applicants received all the financing they sought, 36% received some, and 24% received none.
These are national survey findings, not Georgia Angels results. The survey uses a convenience sample and percentages are rounded.
Read the Federal Reserve reportHOW WE CHOOSE
Returns matter.
They don’t decide alone.
We look at the founder, the business, and what the company can contribute to the place it calls home.
01
Jobs created here
02
A coachable founder
03
The ability to execute
04
Value to the community
05
Investment potential
IF IT DOESN’T WORK
Georgia should be
the best place in
America to fail.
When founders fail, we keep the human capital.
Founder Security addresses health coverage and wellbeing while founders build. The Founder Resilience Fund addresses the transition afterward: a healthcare bridge, coaching, and connections to a next role or company.
Programs are governed by written terms, eligibility requirements and available capital.
THE COMPANY’S PATH CAN CHANGE
The founder stays connected.
Build a company
Health, benefits & wellbeing
If the company closes
Transition support
Carry experience forward
A next role, company or mentoring
The research behind keeping founders connected
A 2010 study by Gompers, Kovner, Lerner, and Scharfstein in the Journal of Financial Economics reported success rates of 22% for founders starting again after a failure, compared with 18% for first-time founders and 30% for founders whose previous company succeeded.
The study covered ventures from 1986–2003 and defined success as an IPO or filing to go public. It does not describe every kind of Georgia business or predict a result here.
The original research case also draws on Endeavor Insight’s work across more than 50 entrepreneurial markets, associating mentorship, investment, and employment connections to experienced founders with successful companies. That association is not proof of causation.
Read the founder and impact researchHe has raised first checks
and written them.
Five companies founded and three acquired, two more led as president or chief operating officer, more than $25 million raised across them, and four scaled by five times or better.
He runs Tame The Noise, which began in 2004 as Feinberg Capital Advisors, raising capital for real estate ventures and small businesses and writing angel checks into early stage companies. He is also Entrepreneur in Residence at Kennesaw State University’s HatchBridge Incubator, where he was previously Interim Director across a portfolio of more than 200 companies.
Ernst & Young
IBM
Emory University · BBA / MBA
Is Georgia Angels a fund or an accelerator?
Georgia Angels is an early-stage investment fund. It invests in companies and coordinates with the universities, incubators, accelerators, and business networks already operating in Georgia.
What kinds of companies do you consider?
For-profit companies in Georgia or moving here, with evidence beyond an idea and a willingness to report progress. The mandate includes technology, manufacturing, consumer products, local services, and strategic Georgia opportunities. See the investment criteria.
How can investors receive returns?
Equity investments may generate returns through a future liquidity event. Revenue-based investments are intended to be repaid from revenue. Distributions and reinvestment elections follow the offering terms. Early-stage investments can result in a total loss.
Can I help without investing money?
Yes. The Coalition of Support includes mentors, operators, customers, professional service providers, and institutions. You can contribute your time, expertise, or introductions. Join the coalition.
BE PART OF GEORGIA ANGELS