How To Find US Angel Investors: Full Guide + 6 Websites

If you’re looking to get funding for your startup, angels may be a great starting point. Yet, how to find angel investors for US startups?

In this article we’ll tell you everything you should know about angel investors and how to find them in the US. We have also included below a list of the top 6 websites you can use to reach out to angels.

What is an Angel Investor?

Also referred to as “angel”, an angel investor is a private individual who has the financial capacity to provide initial capital for a business or a startup. In return for their investment, angels get shares in the company in the form of equity or convertible debt.

Angel investors may sometimes provide a one-time investment to startup businesses in order for them to launch their company. Most often however, angel investors pledge continued financial support: they reinvest in further rounds as the startup scales up, until it makes a profit.

Make no mistake: angels rarely invest out of pure altruism, and their investment is never free money. Instead, angel investors look to generate a profit out of their investment.

Because angels often invest very early on (unlike VC funds – more on that below), they typically look for significant return on investment. A study actually looked at the returns of 3,097 investments by 538 angels worldwide. On average, their return was 2.5 times, meaning an impressive IRR of 27%.

When we think about Angels, we often only refer to high-net-worth individuals yet there are other types of angel investors. Actually there are 4 different types of angels: friends & family members, private individuals, groups of investors, and crowdfunding platforms. For more information on what they are and how they differ from each other, read our article here.

5 Ways To Find Angel Investors In The US

There are a number of ways to contact, and find US angel investors . They are:

1. Networking

Friends and family are the most common sources small business owners turn to when finding angel investors.

While this is usually fine if you happen to be related to a multi-millionaire, you might want to pass on considering financial help from your loved ones if you want to avoid falling out with them. If you are determined to seek financial aid from family and friends, make sure you have a legally binding contract, not just an informal agreement.

Don’t hold out on telling your friends about looking for funding. Even if none of the people you know can invest in your business, you can get their help in asking their contacts for an angel. The more people, the likelier somebody is to know somebody willing to invest. In addition, a personal referral can go a long way. 

By attending industry events and meet-ups, you can potentially meet angel investors yourself. Even if Dedicated “angel events” help you connect with investors looking for new opportunities. Since angels are usually acquainted with other angels, they may introduce you to other investors.

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2. Angel investor groups

Some angel investors work in groups. This partnership makes it easier to cover a larger geographical area or pull their resources to focus on one specific industry. They also form groups to invest more funding and resources to businesses than they can muster independently. 

An example of an angel investor group in the US is the Angel Capital Association.

Every angel investor group has a different application process. Also, like any other investor, they receive a ton of pitches. The best way to impress them is to make sure your pitch deck stands out among the crowd.

3. Website platforms

Other than social networking platforms like LinkedIn, other websites are specifically dedicated to connecting angel investors and startups that need funding.

Examples of these website platforms include AngelList or FundingPost. See the full list of the top 6 websites in our list below.

4. Do your research

Several websites like Crunchbase and Pitchbook allow the public to access their curated lists of angel investors.

That way, you can review through their lists of investors, search for those that fit your niche, region, and requirements. While Pitchbook requires you to pay, you can access the list curated by Crunchbase for free.

Crunchbase is the largest database of startups deals and investors
Crunchbase is the largest database of startups deals and investors

5. Startup incubators and accelerators

Startup incubators and accelerators are organizations that offer support and services to startups at their earliest stages.

They have an extensive network of mentors as well as angel investors and venture capitalists. When you avail of their services, they often put you in contact with these investors and other networks that may benefit your business. They also offer mentoring from other local businesses and accomplished professionals. 

Have a look at our article on the top 6 startup accelerators and incubators in the US.

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Top 6 Websites To Find US Angels Online

If you don’t have any connection in your own network, internet is your friend here.

We’ve compiled below a shortlist of the 6 top angel investors websites you can use to reach out to US angel investors:

1. Funders Club

find us angel investors

Funders Club is a great platform for startups that need to raise capital from angel investors. The team at Funders Club reviews startups applications carefully and select 2% of them that they present to their network of accredited angels.

Like a VC fund, the platform set aside 10% of the angels investments (up to $25,000 per angel investor) to run its operations.

If you think your startup fit their list of criteria, apply here.

2. Angel Investment Network

angel investment network

The Angel Investment Network is a global platform that connects angels with startups. Globally, they have more than 287,000 angel investors on their website, and their US platform is the largest one.

As a startup, you will need to register here and upload your pitch deck. Angel Investment Network has multiple subscriptions available for startup: you can post your pitch deck either for free with limited features, or pay anywhere from $199 to $1,999 for your startup to be listed on their platform. See more information on pricing here.

3. Angel Capital Association

find us angel investors

The Angel Capital Association (ACA) is a platform where startups can find angel investors contacts and lots of free resources on angel investing in the US.

ACA reportedly has over 14,000 accredited angel investors, and 250+ angel groups.

Interested? Find angels in their free directory here.

4. Gust

Gust's logo

Gust is a one-of-a-kind platform. Startups can apply on their website to access a vast network of 200+ angel investor groups. They helped fund 1,800+ startups in the past 12 months alone.

Interested? Start your application there.

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5. MicroVentures

Founded in 2009, Microventures connects angel investors and startups that need anywhere between $100,000 to $1 million capital.

Startups need to submit a rigorous application which the Microventures team will review and give an answer within 6 weeks maximum. If successful, you Microventures will invest with angel investors groups it partners with.

If you’re interested, apply here.

6. Funding Post

Funding Post is a platform that has been connecting investors with startups for over 19 years. Whilst the overall UX is a bit old school, they reportedly have 7,500 angel investors to date.

Startups need to sign up and pay a $100 fee for a 3-month listing on their platform.

Interested? Apply here.

More Free Resources For US Startups

We have lots of free resources for US startups, see our articles below:

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