NO/LA Angel Network

What NO/LA Angel Network does

NO/LA Angel Network, doing business as Gulf South Angels, is a membership-based angel investment network founded in 2014 and headquartered in New Orleans, Louisiana. The organization pools capital from 175+ accredited investor members to deploy equity, convertible notes, and SAFE-style financings into early-stage companies across the Gulf South region (Louisiana, Mississippi, Alabama, and Florida). To date, members have invested more than $32 million across 70+ portfolio companies in 143+ funding rounds. The network operates using Special Purpose Vehicles (SPVs), with each deal structured as a separate Limited Liability Company that aggregates smaller member commitments to meet round minimums; members access deals via the Raklet membership platform, while entrepreneurs apply through Dealflow Manager.

Gulf South Angels does not sell a software product and has no proprietary technology platform beyond third-party membership and deal flow management tools. Its core service offering is curated deal flow, due diligence, SPV formation and administration, and ongoing mentorship to portfolio companies by member-operators. The organization generates revenue solely through a 5% carried interest on SPV distributions at liquidity events, with 95% of proceeds flowing pro-rata to member investors. Sponsorship relationships with regional professional services firms (Baker Donelson, Jones Walker, Phelps Dunbar, Stone Pigman, Adams IP, Carr Riggs & Ingram, Kushner Lagraize, Wegmann Dazet, Regions Bank, Bonvenu Bank) and strategic affiliations with the Angel Capital Association and the New Orleans Chamber of Commerce support the ecosystem.

Go-to-market is community-led: membership acquisition via referrals, a LinkedIn presence, and dedicated investor and entrepreneur website portals. The investor base is horizontal — successful entrepreneurs, executives, and professionals providing both capital and operating expertise. There is no parent company, no institutional fund manager, no subsidiaries, and no disclosed headcount of paid staff; the firm functions as a member association rather than a conventional operating company.

Name

NO/LA Angel Network

Legal name

Gulf South Angels

Website

https://nolaangelnetwork.org

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

101–250 employees

Short description

Gulf South Angels is a New Orleans-based angel investment network with 175+ accredited investor members that has deployed over $32 million across 70+ early-stage companies in the Gulf South region since 2014, using SPVs and earning a 5% carried interest on liquidity events.

Ownership category

akta.pro rank

Headquarters

HQ city

New Orleans

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Carried Interest (Carry): Gulf South Angels generates revenue through carried interest on SPV (Special Purpose Vehicle) investments. When portfolio companies achieve liquidity events, 95% of distributions go to investors and 5% goes to the SPV Manager as carried interest. This is the primary revenue mechanism for the organization.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

NO/LA Angel Network (d/b/a Gulf South Angels) is a New Orleans-based angel investing network that pools capital from 175+ accredited investor members into single-member LLC Special Purpose Vehicles (SPVs) to make equity, debt, and convertible-note investments in early-stage companies in the Gulf South region. Beyond capital, the network provides mentorship, strategic guidance, and introductions to portfolio companies. Investments are sourced via an application portal, screened through a Deal Flow Manager, and committee-approved.

Product overview

NO/LA Angel Network (operating as Gulf South Angels) is an angel investment network rather than a product-based technology company. It does not offer a software product, platform, or SaaS offering. Its core service is providing angel investment capital and mentorship to startups in the Gulf South region. The organization facilitates investment rounds through various structures including equity financing, convertible notes, and SPVs (Special Purpose Vehicles). It connects investors with portfolio companies and provides strategic guidance and business insights. No discrete software products, modules, or technology offerings are marketed or described in the available source material.

Differentiator

Problem solved

Functional benefit

Products and services

• Angel Investment Rounds (Equity, Debt, and Convertible Notes) Pooled angel capital rounds structured as equity, debt, or convertible-note financings, deployed through single-member LLC SPVs into Gulf South early-stage companies. Used by founders and operators of pre-seed, seed, and Series A companies in the region.
• SPV-Based Pooled Investment Participation Single-member LLC Special Purpose Vehicles (SPVs) that allow accredited investor members to participate pro-rata in syndicated angel rounds, lowering per-deal minimums and enabling diversification across the network's portfolio. Used by the network's 175+ accredited investor members.
• Portfolio Company Mentorship Program Operator mentorship and strategic guidance provided by the network's 175+ accredited investor members to portfolio companies alongside capital, including introductions to regional law firms, banks, CPA firms, and follow-on investors. Used by Gulf South early-stage founders and operators.

Quantifiable outcome

• $32M+ invested across 70+ companies in 143+ funding rounds since 2014
• +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

Integration2 records

Partnerships

Ten partnerships are on record, tiered minor and core.

• Adams IP (Intellectual Property and Business Law)minorImplementation/ SI/ Consulting PartnerIntellectual property and business law firm providing legal services to Gulf South Angels portfolio companies. Listed as a partner/sponsor of the organization.
• Baker DonelsonminorImplementation/ SI/ Consulting PartnerFull-service law firm providing legal counsel services. Listed as a partner/sponsor supporting the Gulf South Angels ecosystem.
• CRI Carr Riggs & IngramminorImplementation/ SI/ Consulting PartnerCPA and advisory firm providing accounting and financial services to portfolio companies. Listed as a partner/sponsor.
• Jones WalkerminorImplementation/ SI/ Consulting PartnerLaw firm providing legal services. Listed as a partner/sponsor of the organization.
• Kushner Lagraize LLCminorImplementation/ SI/ Consulting PartnerCPAs and Consultants providing accounting and financial advisory services to the GSA ecosystem.
• Wegmann DazetminorImplementation/ SI/ Consulting PartnerCPA firm providing accounting services. Listed as a partner/sponsor.
• New Orleans ChambercoreStrategic or Co-development PartnerThe New Orleans Chamber of Commerce is a key regional partner supporting the Gulf South entrepreneurial ecosystem and connecting GSA with local businesses.
• Phelps DunbarminorImplementation/ SI/ Consulting PartnerLaw firm listed as a sponsor supporting the Gulf South Angels network.
• Stone PigmanminorImplementation/ SI/ Consulting PartnerLaw firm providing legal services to portfolio companies. Listed as a partner/sponsor.
• Angel Capital Association (ACA)coreStrategic or Co-development PartnerNational trade association for angel investors. ACA provides industry standards, education, and networking for angel groups including Gulf South Angels.

Scale indicators5 records

Direct peers

• New York Angels: One of the largest and most active angel networks in the U.S., running a similar member-driven model with pooled SPVs and active due diligence — directly comparable in structure and operations to Gulf South Angels.
• Tech Coast Angels: Large regional angel network organized around pooled due diligence and SPV-style investing across multiple chapters — highly comparable in operating model and member base.
• Golden Seeds: Member-based angel network emphasizing both capital and mentorship to early-stage companies; comparable mission and structural model to Gulf South Angels.
• Sand Hill Angels: Silicon Valley-based angel group that screens and pools capital across multiple deals via a structured member process — directly comparable investment workflow.
• Band of Angels: Long-running member-driven angel group investing in early-stage companies with active member participation; comparable membership and deal-screening model.
• Pelican Angel Fund: Referenced in the Gulf South Angels ownership commentary as a parallel investment vehicle within the same ecosystem; comparable in mandate and geography.

Regional players

• Houston Angel Network: Regional angel network serving Texas-based founders — comparable in size and operating model but in a different geography than Gulf South Angels.
• Central Texas Angel Network: Regional angel network investing in early-stage companies in Central Texas; comparable regional, member-driven structure but distinct geographic focus.
• Baton Rouge Angel Network: Louisiana-based angel network with overlapping geographic focus in the Gulf South; comparable mandate, though smaller in scale than Gulf South Angels.

Others

• Angel Capital Association: National trade association for angel investors; Gulf South Angels is an ACA member. Included as a peer because it defines the standards, networking, and syndication environment in which Gulf South Angels operates.

Market position

Strengths5 records

Weaknesses5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/gulfsouthangels
• Xx.com/mobilequbes
• Facebookfacebook.com/mobilequbes

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 NO/LA Angel Network