The Seattle Angel Fund (SAF), a collaborative and interactive, member-directed investment fund focusing on Pacific Northwest early-stage, growth-oriented businesses, closed its second fund, at $1.75m.
The veiocle will provide funding, knowledge, experience and connections to promising young companies. To date, Fund II has made five investments in startups including CSATS, OtoNexus, Keepe, Buildpulse and Aqueduct.
Started in January 2015 and managed by Susan Preston, Seattle Angel Fund aims to enhance the success rate of accredited investors participating in seed round funding based on and modeled after the Oregon Angel Fund (OAF).
In 2017, the fund will complete new investments in Fund II and will launch Fund III in May 2017.