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Treasure Valley Angel Fund Fully Invested in Idaho Companies

May 20, 2015View for printing

The Treasure Valley Angel Fund, one of the funds associated with the Boise Angel Alliance, announced on Thursday that it has made its last investment.

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The Treasure Valley Angel Fund and the Capitol City Angel Fund Invest in Boise-based User First Software http://www.matr.net/article-66181.html

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The Treasure Valley Angel Fund was formed in 2012 with 24 members and total committed capital of $1.35M. On Tuesday, the fund voted to make its last investment in User First, a Boise-based software company aimed at improving efficiency for attorneys with its product named "LeanLaw." The Fund will now focus its efforts on providing support and mentoring to its 14 portfolio companies as they grow and work towards exits.

Fund Chairman Steve Simpson says, "This has been an exciting time for angel investing in the Treasure Valley, and I am pleased with the investments we have made to date."

The Treasure Valley Angel Fund is now the second fund formed through the Boise Angel Alliance to become fully invested. A third fund, the Capitol City Angel Fund, also formed through the Alliance, will continue to actively evaluate and invest in new companies.

The Treasure Valley Angel Fund and the Capitol City Angel Fund are $1 million+ funds whose members are accredited investors. These funds make investments in high-growth, early stage, local companies. The funds are affiliated with the Boise Angel Alliance, an organization primarily geared towards educating local Angel investors and creating ongoing investment capital to help Idaho's startup economy.

The Boise Angel Alliance http://www.boiseangelalliance.com/ was created in 2004. To date, funds and members associated with the Boise Angel Alliance have invested nearly $8 million, mostly in local companies. The companies receiving these investments have created more than 300 jobs in Idaho since the investments were made.

To learn more about becoming a member of the Boise Angel Alliance, or applying for funding visit http://www.boiseangelalliance.com

Contact:

Denise Dunlap

Boise Angel Alliance, Inc.

208-890-1528


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