FAQ

What is the profile of a typical Angular investment?
Angular typically invests between $200K and $3M in early-stage enterprise technology companies based in Europe or Israel.
At what stage does Angular invest?
Angular is a full-stack pre-A VC fund. Most of our investments are around the $10M valuation range. Many are below that. Some are above that.

It is absolutely never "too early" to start a conversation with Angular.

In the majority of cases, we are the first investor in a company, and typically invest pre-revenue. It can, however, be "too late" to engage with us if you have already done your Series A round or have raised several million dollars in financing.
In what geographic areas does Angular invest?
Angular will invest in companies based anywhere in Europe or Israel. Angular is not limited to the EU - we are happy to invest in Israel, Switzerland, or even post-Brexit Britain.

Angular will also invest in companies based entirely or partially in the US, provided they were founded by teams from Europe or Israel. European or Israeli companies that already have some US presence are often brought to our attention by our network - and we often find them to be very compelling investment opportunties.

Within our mandate (Israel to Iceland), Angular has absolutely no geographic restrictions or target allocations - and we believe that is a significant strength. Angular strongly prefers to invest in US (Delaware) corporate forms (Inc). Angular is comfortable investing in UK or Israeli limited companies. Occasionally, we will invest in German LLCs (GmbH), Swedish limited companies (AB), or other European corporate forms. That said, our preference for US Inc structures is firm and based on years of experience.
Does Angular lead rounds?
Yes. We are most comfortable acting as the lead investor, and we have led about three-quarters of the rounds in which we participated. We are also very happy to be part of a round led by another leading VC firm. Typically, we try to work closely with founders pre-investment to understand what the best round structure and syndicate composition would be, and we use our deep network to help structure the right syndicate.

Ultimately, we are high-conviction, high-concentration investors. We invest rarely, but when we do - we are all in, so leading rounds comes naturally.
Does Angular follow-on?
Absolutely. Angular reserves capital to make follow-on investments within the portfolio to help entrepreneurs and maximize investment performance for our limited partners. Our hope is to follow-on in the majority of our investments.
What is the best way to get in touch with Angular?
We don't believe the best companies fit into nice little boxes, so we will never force you to submit your business plan in some web form.

The best way to reach out is to get an introduction through someone that knows us well. We have a large network, so it shouldn't be too hard to find someone to make a warm intro. Make sure your email includes enough information for us to figure out what you are doing.

If you are unable to find someone to introduce you - feel free to email us at info@angularventures.com, or use the submission form on the contact section of this site. We read and respond to every inbound opportunity (unless you are trying to finance a gold mining operation in Paraguay).
Does Angular have a vertical focus? What about clean tech, energy and medical?
Angular invests in deep technology that is purchased by sophisticated buyers - usually large enterprises. Within that category, the firm is vertically and horizontally agnostic. We will look at technologies in wide range of verticals. While most of our investments have been in more "traditional" areas of enterprise software (horizontal and vertical applications, IT infrastructure, data technologies, security, etc.), we are absolutely open to consider investments in other spaces such as food, water, energy, space, automotive, digital health, synthetic biology, genomics, and other areas.

That said, while Angular will invest in (and has invested in) digital health and healthcare IT, the firm does not invest in medical technologies. If you are developing a pharmaceutical or building a diagnostic or therapeutic device, it's not for us.

For more on our sector focus, please see this blog post.
What do you mean by Enterprise Technology?
Good question. What we mean by Enterprise Technology is something that is purchased by a sophisticated business buyer whose job it is to make that purchase decision. Many of our portfolio companies have product-led bottom-up go-to-market motions. Others have very top-down heavy procurement processes. Sometimes it's SaaS or other services, sometimes it's software, sometimes it's hardware (components or systems). We are open to startups that serve SMBs, very large enterprises, or anything in between. All parts of this spectrum have their challenges.

We do not invest in consumer technologies. If your product or service requires consumer adoption in order to succeed - it's just not for us.

For more on our sector focus, please see this blog post.
What do you mean by global ambition?
We are entirely focused on backing founders building companies that aim to become a global category leader in a global market.

In most cases, this means that penetrating the US market should be very high on the priority list. In many cases, it means that setting up a US presence or HQ is a near-term objective of the company. Often, it means that some of the founding team will relocate.

If your business opportunity is limited to a smaller set of geographies (one country or one continent), it's probably not for us. If your business opportunity is as big in the US as it is anywhere else, let's talk. Many of our investments are into companies that are already selling product on multiple continents and countries - most often the US.
What is Angular's code of conduct?
We first blogged about a code of conduct back in 2014, and have incorporated those thoughts into our official code of conduct:


  • Angular will do no harm. There are many ways that VCs can unintentionally harm a company: saying the wrong thing to the wrong person, giving really bad advice, dragging things out too long, etc. The core principal that underlies all of the rules below is that VCs should do their utmost to ensure that they don’t cause any damage. Startups are fragile things. Entrepreneurs are trusting VCs with their time, their energy, their plans, their life's work - and VCs owe it to them to act thoughtfully and carefully so as not to cause unintended harm

  • Angular will respect your time. No one has enough time, but VCs have a tendency to think that their time is a bit more valuable than that of everyone else. Angular will do its best not to be late for meetings or calls especially when someone has travelled across town or across a continent to meet us. Invariably, we will be late occasionally. But it's unforgivable, and we try avoid it at all costs. Similarly, we try never to allow an entrepreneur to travel too far just for a meeting with us. No need for a meeting when a Zoom call will suffice.

  • Angular will not ask you for material we don't need. We try to be very careful before asking an entrepreneur to provide any material. Raising money may be an important corporate objective, but entrepreneurs have a lot of other more important things to do, and putting together slide decks and fancy excel sheets in response to VC questions is not a good use of time, especially at early stages of a process. We try to ask for material that already exists, or for the real data that a CEO is using to manage the business. No need for a customer pipeline analysis in PowerPoint when you can just export something from Salesforce.

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