What Phenomenelle Angels does

Phenomenelle Angels is an early-stage investment fund based in Madison, Wisconsin, that deploys capital into women- and minority-owned or managed businesses located in Wisconsin and the broader Midwest. The firm operates as a private, regionally focused angel vehicle with a headcount of 11–50, governed by a bench of four managing directors — co-founder Joseph P. Hildebrandt alongside Dedee Wojtal, Lauren Flanagan, and Valerie H. Wulf — suggesting an organized member- or LP-supported structure rather than a solo-GP fund. Its stated competitive posture is concentrated: rather than competing for generalist deal flow, it targets an underserved demographic segment within a defined Midwestern geography.

The fund's product is capital and, implicitly, the network access that accompanies investment from its managing directors and members. The source data does not disclose AUM, fund size, ticket sizes, portfolio composition, syndication structure, management-fee terms, or any technology platform used for sourcing, screening, or portfolio support. The firm's public web presence is a minimal placeholder page with cookie-consent functionality and no substantive product, technology, or team content beyond the names listed above. There is no disclosed AI, data, or software capability in the source material.

Because the fund's revenue mechanics are not disclosed, the business model can only be characterized at a structural level: a regional angel fund typically earns through management fees on committed capital and through carried interest on successful exits, supplemented where applicable by member dues. The customer base is two-sided — founders seeking aligned capital and LPs/members supplying that capital — but the source data provides no information on either side's composition, concentration, or scale. As a result, revenue magnitude, growth rate, and competitive positioning within the regional angel-investing landscape cannot be quantified from the available evidence.

Name

Phenomenelle Angels

Website

https://phenomenelleangels.com

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Short description

Phenomenelle Angels is a Madison, Wisconsin-based early-stage angel fund that invests in women- and minority-owned or managed businesses across Wisconsin and the Midwest, operating with an 11–50 person team under four managing directors.

Ownership category

akta.pro rank

Product category

Angel Investing / Early-Stage Venture Capital

NAICS

Other Investment Pools and Funds (5259)

SIC

Investment Advice (6282)

akta.pro primary industry

Gender Lens / Diversity, Equity & Inclusion (DEI) Funds (FSANAJAM)

akta.pro secondary industry

Micro-VC & Angel Funds (FSANAAAI)

Keywords

• Angel investing fund
• Early-stage investment
• Minority-owned business funding
• Women-owned business funding
• Venture capital

Headquarters

HQ city

Madison

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations

Core offering

Phenomenelle Angels Fund is an early-stage angel investment fund that invests in women- and minority-owned or managed businesses based in Wisconsin and the broader Midwest. The fund deploys pooled capital from its members into early-stage companies, with deal flow sourced through its managing directors and regional angel network.

Product overview

No product or service information available in the source content.

Differentiator

Problem solved

Functional benefit

Products and services

• Early-Stage Angel Investment Fund (Phenomenelle Angels Fund) An early-stage angel investment fund providing equity capital to women- and minority-owned or managed businesses headquartered in Wisconsin and the broader Midwest. Available to founders and operators of early-stage companies that fit the fund's demographic and geographic mandate.

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Recent moves4 records

Expansion highlights3 records

Direct peers

• Pipeline Angels: A national angel investing network focused on women and non-binary founders and investors. Directly comparable to Phenomenelle as a DEI-mandated angel fund deploying early-stage capital into underrepresented founders.
• SoGal Ventures: A venture fund investing in diverse founding teams with a strong focus on women and minority founders. Operates in the same DEI-led early-stage category as Phenomenelle Angels.
• The HATCH Network: An angel investing network focused on increasing venture capital access for women and minority founders. Directly comparable DEI mandate and angel-stage check size.
• Backstage Capital: A venture fund dedicated to investing in underrepresented founders including women, people of color, and LGBTQ founders. Comparable DEI thesis and early-stage focus.

Others

• Angel Capital Association: The professional association of North American angel investor groups. Comparable as the broader ecosystem organization supporting groups like Phenomenelle Angels through resources, networking, and best practices.

Regional players

• Wisconsin Investment Partners: A Wisconsin-based angel investing network that deploys capital into early-stage companies in the region. Closely comparable as a regional angel fund operating in Phenomenelle's home market.
• Brightstar Wisconsin Foundation: A Wisconsin-focused early-stage investment fund supporting entrepreneurs across the state. Shares the Wisconsin-centric early-stage focus with Phenomenelle.
• gener8tor: A Midwest-based accelerator and venture fund that invests in early-stage startups across the region, including in Wisconsin. Operates in overlapping geography and similar early-stage check size as Phenomenelle.
• Golden Angels Investors: A Wisconsin-based angel network that invests in early-stage Wisconsin companies. Comparable as a regional angel fund with similar geographic mandate.

Broad incumbents

• Female Founders Fund: An early-stage venture fund exclusively backing female-founded companies. Operates with the same DEI-investing thesis as Phenomenelle Angels but at a national scale and slightly later stage.

Market position

Strengths4 records

Weaknesses3 records

Competitive moat3 records

Key risks4 records

Key highlights4 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

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

M&A

Investments16 records

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

Frequently asked questions about Phenomenelle Angels