REDangels

REDangels is a prominent business angel network based in Aveiro, Portugal, dedicated to fostering the growth of early-stage ventures. Established to bridge the funding gap for promising startups, the network comprises experienced entrepreneurs and executives who not only provide capital but also strategic guidance and mentorship. Their primary focus lies in identifying and nurturing companies with high growth potential, particularly those operating in the pre-seed and seed stages of development.

The network's investment thesis is broad yet strategic, showing a preference for startups within the technology, digital, and sustainability sectors. However, REDangels remains open to innovative ideas across various industries, provided they demonstrate significant scalability and market disruption potential. They actively seek out founders who are building robust business models and possess a clear vision for their future.

REDangels typically deploys initial cheques ranging from approximately $27,000 to $270,000 (equivalent to €25,000 to €250,000). This flexibility allows them to support a diverse range of early-stage companies. The network frequently engages in co-investment strategies, partnering with other angel investors or venture capital firms to provide more substantial funding rounds and leverage collective expertise. To date, REDangels has made over 30 investments, building a robust portfolio of innovative Portuguese startups. Their commitment extends beyond mere financial injection, aiming to be active partners in their portfolio companies' journey towards success.