August 5, 2022 — The NO/LA Angel Network, a New Orleans-based group of 140 Investors located in eight states, and its sidecar fund The Pelican Angel Fund had an active second quarter of investment activity, investing $1.2MM into 4 companies. Two of these rounds were follow-on rounds: in New Orleans-based Tray Away and in Durham, NC-based Altis Biosystems.
Two of these rounds were first time investments: in Atlanta-based Inclusivv and in Indiana/Mississippi-based Adranos. Year to date in 2022, NO/LAAN Members have invested $2.2MM, and since inception, its Members have invested $14.6MM.
“NO/LAAN’s second quarter activity is indicative of the strong quality of national deal flow coming to our group. On average 25 investment opportunities come to NO/LAAN each month,” said Mike Eckert, NO/LAAN’s Chairman. “We also are enthused that two exit events will likely be occurring for our Members during the 2nd of half of this year.”
For more information, please contact NO/LAAN’s Managing Director, Libby Favrot at libby@nolaangelnetwork.org