Gopher Angels

Gopher Angels is a prominent angel investment group based in Minneapolis, Minnesota, dedicated to fostering the growth of early-stage companies within the state or those with significant Minnesota connections. Established in 2012, the group comprises accredited investors who not only provide crucial financial capital but also offer mentorship and strategic guidance to promising entrepreneurs. Their investment philosophy centers on identifying high-growth potential businesses across various sectors, aiming to support the local entrepreneurial ecosystem.

The firm's investment strategy is characterized by its focus on initial seed and early-stage venture rounds. Gopher Angels typically targets companies that demonstrate strong market potential and innovative solutions. Beyond the initial capital injection, Gopher Angels often engages in follow-on rounds, indicating a long-term commitment to their portfolio companies' success. This approach allows them to provide sustained support as companies scale and evolve.

Since its inception, Gopher Angels has made a substantial impact on the Minnesota startup landscape. The group has collectively invested over $25 million across more than 60 companies, showcasing their significant contribution to regional economic development. Their typical first check size ranges from $100,000 to $500,000, positioning them as a key early-stage funding source for startups seeking initial capital to develop their products, expand their teams, or penetrate new markets. Their active involvement underscores their role as more than just capital providers, but as strategic partners in the entrepreneurial journey.