What Frontier Angels does

Frontier Angels is a privately held, professionally managed angel investment network headquartered in Bozeman, Montana, founded in 2006. The organization connects approximately 100+ accredited investors — predominantly Montana-based entrepreneurs and C-level executives — with seed and Series A technology startups, primarily those with Montana roots. Members meet regularly across four Montana cities (Billings, Bozeman, Missoula, and Kalispell), and the group also sources deal flow through a curated network of 50+ US angel groups that pre-commit to co-investing in referred companies. To date, Frontier Angels has funded roughly 50 companies while screening approximately 75 companies per month, indicating an active and selective deal pipeline.

Frontier Angels is operated by a small team (1–10 employees per firmographic data) led by Executive Director Graham Conran, formerly of JPMorgan's private equity practice in New York and Hong Kong, and Managing Director Pat LaPointe, an entrepreneur with three prior exits and a 60+ investment personal portfolio who has served on the Angel Capital Association board. The organization runs a Softr-based members-only portal that delivers authenticated access to deal flow, portfolio updates, and K-1 tax documents, and maintains online application forms for both prospective members and founders seeking capital. Frontier Angels has formalized mutual partnerships with the core of Montana's innovation infrastructure, including 406 Labs (MSU incubator), Big Sky Economic Development, the Montana Photonics & Quantum Alliance, Blackstone LaunchPad at MSU, the Missoula Economic Partnership, Prospera Business Network, Scaling Montana, and the Montana High Tech Business Alliance, with co-investment relationships with Next Frontier Capital.

The revenue model combines recurring membership fees from accredited investors with carried interest on successful portfolio exits. Frontier Angels explicitly excludes consumer goods, food, non-tech businesses, and companies lacking strong Montana ties, focusing instead on technology-driven opportunities in sectors including medical devices, vertical SaaS, photonics, quantum, GovTech, AgTech, and advanced materials. The group does not develop proprietary technology products; its core operations are deal screening, due diligence coordination, portfolio support, and member community building.

Name

Frontier Angels

Legal name

Frontier Angels

Website

https://frontierangels.com

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

1–10 employees

Short description

Frontier Angels is a Montana-based, professionally managed angel investment network of 100+ accredited investors that funds seed and Series A technology startups with Montana ties, sourcing deal flow through in-state ecosystem partnerships and a national network of 50+ angel groups.

Ownership category

akta.pro rank

Product category

Angel Investment Network

NAICS

Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394), Miscellaneous Financial Investment Activities (523999)

SIC

Investment Advice (6282)

akta.pro primary industry

Micro-VC & Angel Funds (FSANAAAI)

Keywords

• Angel investment network
• Early-stage venture funding
• Accredited investor membership
• Seed and series A capital
• Startup portfolio management

Headquarters

HQ city

Bozeman

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Investment Returns (Carried Interest): Frontier Angels generates returns through successful portfolio exits, likely operating on a carried interest model common in angel groups where managers receive a percentage of investment profits above a specified return threshold.
2. Membership Fees: Accredited investors pay membership fees to join the Frontier Angels network, gaining access to investment opportunities, screening processes, portfolio company updates, tax documents (K-1), and transaction details through the members-only portal.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels7 records

Core offering

Frontier Angels operates a member-based angel investment network that connects approximately 100+ accredited Montana investors with vetted seed and Series A technology startups. Its core services include sourcing and screening deal flow (approximately 75 companies per month), coordinating due diligence, and providing portfolio support, members-only access to investment opportunities, K-1 tax documents, and transaction details via an online portal, plus educational programming and regular member meetings in four Montana cities.

Product overview

Frontier Angels is a professionally managed, Montana-based angel investment network (not a product/software company). The organization connects accredited investors with early-stage technology companies through a curated membership program. Key offerings include access to proprietary deal flow from Montana and across the US via a network of 50+ angel groups, a members-only portal for portfolio management and tax documentation (K-1s), investment screening and due diligence services, educational video series on angel investing, and a community of mentors and fellow investors. The company does not manufacture or sell technology products; its primary service is facilitating angel investments in technology-driven startups in the seed and Series A stages with Montana connections.

Differentiator

Problem solved

Functional benefit

Products and services

• Frontier Angels Membership Recurring membership product for SEC-accredited investors that grants access to Frontier Angels' curated, screened early-stage investment opportunities, portfolio company updates, K-1 tax documents, transaction details, and member events across Montana.
• Seed and Series A Equity Investment Equity funding provided from the member pool to vetted technology-driven startups with Montana ties, typically at the seed or Series A stage, accompanied by strategic guidance and introductions to the network.
• Members-Only Portal (Softr) Softr-based authenticated portal providing members with access to investment opportunities, screening information, portfolio company updates, year-end K-1 tax documents, and transaction-level details.
• Angel Investing Video Education Series Educational video content covering angel investing basics, deal evaluation approaches, and member testimonials, delivered as part of the membership experience.

Quantifiable outcome

• 50 companies funded to date
• +1 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Nine partnerships are on record, tiered core.

• 406 LabscoreStrategic or Co-development Partner406 Labs is an incubator operated by Montana State University for students, faculty, and alumni to help shape business plans and strategies by focusing on getting marketplace feedback on proposed product/solution offerings. Frontier Angels partners with 406 Labs to support Montana entrepreneurs in the early stages of developing their ventures.
• Big Sky Economic Development (BSED)coreStrategic or Co-development PartnerBSED is the economic development organization for Yellowstone County and Billings, operating educational programs for entrepreneurs as well as SBA and other small business loan programs. Frontier Angels collaborates with BSED to build Montana's tech ecosystem and support local entrepreneurs.
• Montana Photonics & Quantum Alliance (MPQA)coreStrategic or Co-development PartnerMPQA serves as a hub for Montana's optics, photonics, and quantum companies, entrepreneurs, laboratories, and universities to commercialize, grow, and sustain globally leading organizations that create high-quality jobs and economic opportunity. Frontier Angels works with MPQA to identify investment opportunities in Montana's quantum and photonics sectors.
• Blackstone LaunchPad at Montana State UniversitycoreStrategic or Co-development PartnerBlackstone LaunchPad is a community support resource for entrepreneurs providing education and advisory services on business planning, financing, and other topics. This LaunchPad serves the MSU community of students and alumni as well as emerging businesses in south/central Montana.
• Montana High Tech Business AlliancecoreStrategic or Co-development PartnerThe MT High Tech Business Alliance is a networking group of tech-sector entrepreneurs from across Montana. Every year they measure and report on the economic impact of the tech sector in Montana and provide job boards and educational programs. Frontier Angels partners with MHTBA to connect with the broader Montana tech community.
• Missoula Economic Partnership (MEP)coreStrategic or Co-development PartnerMEP is the economic development organization for Missoula, operating educational programs for entrepreneurs as well as SBA and other small business loan programs. Frontier Angels collaborates with MEP to support entrepreneurs in the Missoula region.
• Scaling MontanacoreStrategic or Co-development PartnerScaling Montana is a 501(c)(3) non-profit providing world-class training and experienced mentorship to tech-sector entrepreneurs in Montana to help accelerate their growth curve and create high-skilled, high-paying jobs in Montana communities.
• Prospera Business NetworkcoreStrategic or Co-development PartnerProspera is the economic development organization for Gallatin and Park counties, including Bozeman, operating educational programs for entrepreneurs as well as SBA and other small business loan programs. Frontier Angels partners with Prospera to support the Bozeman entrepreneurial ecosystem.
• 50+ Angel Groups NetworkcoreChannel Partner/ Reseller/ DistributorFrontier Angels sources deal flow through a curated network of 50+ highly respected angel groups across the US who have already committed to investing in companies they refer. These groups meet standards for due diligence, founder support, and transparency.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Next Frontier Capital: Bozeman, Montana-based venture capital firm investing in seed-stage companies in Montana and the mountain-west region. Direct, in-region peer — explicitly named Frontier Angels' co-investment and deal-sharing partner.
• Alliance of Angels: One of the largest and most active angel networks in the Pacific Northwest, investing in seed and Series A technology startups. Comparable as a regionally-organized, professionally-managed angel group sourcing deals from a curated member network.
• Tech Coast Angels: One of the largest U.S. angel investor networks, with multiple chapters screening and funding early-stage tech startups. Directly comparable operating model — accredited investor membership, curated deal flow, and quarterly screening meetings.
• Rockies Venture Club: Colorado-based angel investing network and network of funds that connects accredited investors with early-stage companies. Comparable as a professionally-managed regional angel group with similar member-driven structure and screening cadence.
• New Mexico Angels: New Mexico-based accredited investor network funding seed and early-stage companies, with focus on technology and life sciences. Comparable as a state/region-focused angel group running structured deal screening for member investors.
• Central Texas Angel Network: Texas-based angel network providing early-stage capital and mentorship to technology entrepreneurs. Comparable in model — accredited investor membership, screened deal flow, and educational programming.
• Golden Seeds: U.S. angel investment network focused on early-stage companies with at least one female founder. Comparable as a professionally-managed, member-driven angel network providing curated deal flow, education, and portfolio support.

Broad incumbents

• AngelList: Large-scale platform for angel investing, rolling funds, and startup deal syndication. Comparable as the dominant technology-enabled marketplace for accredited investor deal flow, though operating at materially greater scale and with national/international reach.
• Gust: Global SaaS platform serving angel investor networks with deal management, screening, and syndication tools. Comparable as a backbone platform used by angel groups similar to Frontier Angels (Frontier uses Softr; many peers run on Gust).

Emerging players

• Hyde Park Venture Partners: Chicago-based early-stage venture capital firm focused on B2B SaaS and tech-enabled services with Midwest geographic focus. Comparable as a regionally-focused, early-stage institutional investor competing for similar founder relationships in a non-coastal geography.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/frontierangels
• Facebookfacebook.com/frontierangels
• LinkedInlinkedin.com/company/frontier-angels

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments14 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Frontier Angels