Stateline Angels

Overview

Stateline Angels is an angel investor organization founded in 2004, comprising successful business executives and professionals from the Stateline area of Illinois and Wisconsin. The group focuses on providing investment capital to start-up and early-stage companies, aiming to foster economic growth in the Upper Midwest region by assisting entrepreneurs in developing successful businesses. Members often lend their operational experience to enhance the success of the ventures they invest in. The organization seeks companies with the potential to rapidly scale into market and financial leadership, typically targeting market opportunities sufficient to create businesses with at least $50 million in revenues. They look for compelling strategies, proprietary technology, strong management, and a clear exit strategy for investors. Preferred industries include business services, electronics/instrumentation, industrial/energy, medical devices and equipment, mobile, and software. Stateline Angels has made several investments, including in Ratio, Inc., Lumec Control Products, Inc., and Kiio. They have a history of active participation in their portfolio companies, providing mentoring and training to assist in growth. The group is dedicated to fostering economic development in the region and works closely with other investment firms to provide a more diversified portfolio.

Investment Focus

• Market opportunity sufficient to create a business with at least $50 million in revenues
• Compelling strategy for capturing and defending significant market share
• Proprietary technology or strong barriers to market entry
• Strong management with relevant and successful experience
• Clear exit strategy for investors
• Desire for advice and coaching
• Company valuation fitting within risk/reward expectations for investment

Portfolio Companies