Golden Angels Investors

What Golden Angels Investors does

Golden Angels Investors is a member-led angel investment group founded in 2002 and headquartered in Brookfield, Wisconsin, focused on seed-stage technology companies in the U.S. Midwest. The firm operates with a two-person core staff — Director Tim Keane and Associate Director Mary Hannes — supplemented by an active membership of accredited investor members and advisor members who participate in deal flow, due diligence, deal structuring, and portfolio board service. Memberships include two tiers: Investor Membership for accredited investors who participate in all investment activities, and Advisor Membership for non-accredited individuals who engage in deal screening and diligence. The group holds Established Angel Group (EAG) certification from the Angel Capital Association, which provides members with attestation of accredited investor status for both internal and external investments.

The organization generates revenue through membership fees and returns from equity investments in portfolio companies, with exits realized through acquisitions and other liquidity events. Since 2002, the group has built a portfolio of more than 30 companies across Healthcare (e.g., Acorai, EmOpti, Promentis Pharmaceuticals, Rivermark Medical, Tundra Targeted Therapeutics), B2B Services (Tangiblee, Soteria Battery, PageVault), EdTech (BetterLesson, Fiveable, ByJu's), FinTech (SmartRIA, CNote), and Consumer (PerBlue, Meati). Notable exits include Endotronix (merged with Vital Sensors), OpGen, Thinkful, and USAVGroup. Distribution is primarily direct: entrepreneurs submit pitch decks via email to Tim Keane or Mary Hannes, deal flow is member-referral driven, and members access opportunities through a password-protected portal. Marketing channels are limited to LinkedIn, a co-hosted podcast ('How Did You Do That' on WUWM), and word-of-mouth through the member network. The firm does not disclose investment minimums, fee structures, or financial performance.

Name

Golden Angels Investors

Legal name

Golden Angels Investors

Website

https://goldenangelsinvestors.com

Company type

Private

Founded year

2002

Operating status

Operating

Headcount range

51–100 employees

Short description

Golden Angels Investors is a member-led angel investment group founded in 2002 in Brookfield, Wisconsin, that funds seed-stage technology companies in the U.S. Midwest. It operates with a small core staff and an active network of accredited investor and advisor members who source, diligence, and govern portfolio deals.

Ownership category

akta.pro rank

Product category

Angel Investing

NAICS

Other Financial Investment Activities (5239)

SIC

Investment Advice (6282)

akta.pro primary industry

Micro-VC & Angel Funds (FSANAAAI)

Keywords

• Angel investing network
• Seed stage funding
• Venture capital group
• Accredited investor membership
• Startup capital formation

Headquarters

HQ city

Brookfield

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Angel Investment Returns: Returns generated from equity investments in seed stage technology companies; revenue realized through portfolio company exits
2. Membership Fees: Accredited investors join as members and participate in investment activities; advisors (non-accredited investors) join to participate in deal screening and diligence activities

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels4 records

Core offering

Golden Angels Investors is a member-led angel investment organization that provides seed-stage equity capital to technology companies in the Midwest. Founded in 2002, the group pools capital from accredited investor members and engages them in deal flow sourcing, due diligence, deal structuring, and portfolio company board oversight. In parallel, the organization runs an Advisor Membership tier for individuals who want exposure to the angel investing process but do not qualify as accredited investors.

Product overview

Golden Angels Investors is an angel investment organization offering two primary service tiers: Investor Membership for accredited investors to participate in investment activities, and Advisor Membership for non-accredited investors seeking exposure to angel investing. Founded in 2002, the firm focuses on seed-stage technology companies across industries including B2B services, healthcare, edtech, and fintech, providing capital alongside access to member networks and expertise. The organization maintains a portfolio of startup investments across multiple sectors and holds Established Angel Group (EAG) certification from the Angel Capital Association.

Differentiator

Problem solved

Functional benefit

Products and services

• Investor Membership Annual membership tier for accredited investors that enables participation in all Golden Angels Investors investment activities, including deal sourcing, due diligence, deal structure, and portfolio company oversight, with access to the organization's network and operator expertise.
• Advisor Membership Annual membership tier for individuals who do not qualify as accredited investors, providing hands-on exposure to the angel investing process through deal screening and diligence activities, with membership inquiries routed to Mary Hannes.
• Seed Stage Equity Capital for Tech Entrepreneurs Equity capital and operator mentorship provided to seed stage technology entrepreneurs in the Midwest across B2B services, healthcare, edtech, fintech, and consumer sectors, with founders applying by submitting pitch decks directly to Tim Keane or Mary Hannes.

Named customers15 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Angel Capital AssociationcoreOthersGolden Angels Investors earned Established Angel Group (EAG) certification from the Angel Capital Association. This certification provides attestation that member investors are accredited investors, which can be used for investments within Golden Angels as well as external investments.

Scale indicators2 records

Recent moves5 records

Expansion highlights4 records

Others

• Republic: Retail-access private investment platform offering curated startup and crypto deals. Operates as an alternative channel for accredited and retail investors to access early-stage deals outside regional angel groups.
• AngelList: Online platform enabling accredited investors to discover, diligence, and invest in early-stage startups alongside venture funds. Represents an alternative to traditional regional angel groups and a competitive substitute for member-led models.

Direct peers

• Band of Angels: One of the longest-running U.S. angel groups, investing in seed and early-stage technology companies with a member-driven diligence process. Comparable in structure and stage focus, though geographically concentrated in Silicon Valley.
• Tech Coast Angels: One of the largest U.S. angel investor networks, focused on seed and early-stage deals across Southern California. Comparable member-led model with structured screening and post-investment support.
• Sand Hill Angels: Silicon Valley-based member-managed angel group investing in seed and early-stage technology companies. Comparable structure as a member-driven group with active due diligence and board involvement.
• Alliance of Angels: Seattle-based member-led angel investing group focused on seed and early-stage technology and life sciences companies. Comparable member-driven model, screening process, and stage focus.
• Wisconsin Investment Partners: Wisconsin-based member-led angel investing group investing in early-stage companies across the state. Highly comparable regional angel model with similar member-driven due diligence and Midwest focus.
• Hyde Park Angels: Chicago-based member-led angel group investing primarily in seed and Series A technology companies across the Midwest. Closest geographic and structural comparable to Golden Angels in scale and member-led model.

Regional players

• M25: Chicago-based pre-seed and seed venture fund focused on Midwest technology startups. Comparable regional focus and stage, though structured as a traditional fund rather than a member-led angel group.
• gener8tor: Midwest-based accelerator and venture platform supporting early-stage startups with capital and mentorship. Comparable Midwest geographic footprint and early-stage mandate, though operating primarily as an accelerator rather than a member-led angel group.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/golden-angels-network
• Xx.com/goldangelinvest
• Facebookfacebook.com/GoldenAngelsInvestors

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

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M&A

Investments51 records

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Frequently asked questions about Golden Angels Investors