What are the investment requirements
Prior to seeking angel investment, it is important that your business is at the right growth threshold and that you are ready for the responsibility of having outside investors. Below is a checklist that will help you to decide if and when you should seek an angel investment.
Together with another co-investor we would normally invest between EUR 200 000 and EUR 500 000. We are looking for companies that have an established proof of concept and are poised for growth. We tend to avoid investments that require significant capital and regulatory approval in order to get their product to market.
Sofia Angels Ventures looks for early stage, normally post-accelerator startups that are highly scalable and can show us how the company will get to a clear meaningful mile stone (e.g. Series A Funding) within 12-24 months on the basis of our one-time investment. This typically means smallish teams (2 to 5 people), with serious domain expertise and a product that is either currently in the market or already in beta.
While the merits of each investment will vary, we evaluate your venture according to the following criteria: