Startups apply through an online platform to be considered for one of their periodic pitch forums. They look for impressive teams in attractive markets with a focus on data and traction.
Eligibility
Traction: Companies should ideally have at least 6 months of customer data. Most funded companies have revenues between $50,000 and $500,000.
Sector: While 80% of investments are in technology, they are sector-agnostic, with a portfolio split roughly into 45% B2B, 30% B2C, and 25% B2B2C.
Geography: While they have a strong presence in New York (65% of portfolio), they invest in companies across the United States.
Gender: Despite the network being composed of female investors, they invest in both male and female founders.
Process
Online Application: Founders submit their company details, deck, and financials through the website.
Screening: The network reviews hundreds of applications to select a shortlist.
Initial Interview: Selected founders have a 20-30 minute screening call with a member of the investment team.
Pitch Forum: Finalists are invited to pitch in person (typically in NYC) to the full network of 37 Angels investors.
Due Diligence: If interest is high, a dedicated team conducts deep-dive due diligence over 2–4 weeks.
Investment: Funding is finalized for companies that successfully pass the diligence phase.
What an Applicant can Obtain
Capital: Individual investments typically range from $50,000 to $200,000 per company from the network.
Network: Access to more than 100 experienced female angel investors with backgrounds in various industries.
Education: Insights into the angel investment process and honest, transparent feedback on their pitch.
Welcome to Spark XYZ
Applications for 37 Angels are open. We'll get you started after you sign up.
