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Central Texas Angel Network

One of the most active angel networks in the U.S., heavily involved in Austin’s startup ecosystem.

Austin, TX, USA

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Description

The Central Texas Angel Network (CTAN) is one of the largest and most active angel investor networks in the United States, based in Austin, Texas. It is a non-profit association of accredited investors who provide capital, connections, and mentorship to early-stage companies.
  • Seed & Series A: CTAN focuses on high-growth startups seeking their first institutional rounds of funding.
  • Traction Required: Companies must be beyond the "idea stage" and have a Minimum Viable Product (MVP), some form of customer validation (users, early revenue, or pilot contracts), and a clear path to scalability.
  • Method: Founders must submit their application through the CTAN website portal.
  • Fees: There is an application processing fee (typically $50 to $100). If selected to present at the main meeting, a presentation fee is also required.
  • Materials: A detailed pitch deck (under 15 slides is recommended), executive summary, and video elevator pitch. 

Eligibility

  • Geography: Strong preference for companies in Central Texas, though they consider deals across Texas and occasionally nationwide if the lead investor is local.
  • Sectors: Industry-agnostic, with significant activity in SaaS, Biotech/MedTech, Consumer Products, and Energy Tech.
  • Exit Potential: Must have a credible path to an exit within 3–7 years. 

Process

CTAN follows a rigorous, multi-stage vetting process: 

  1. Online Submission: Applications are accepted on a rolling basis.
  2. Screening: A Deal Flow Committee reviews applications. Approximately 12 companies are selected monthly for screening.
  3. Screening Committee Pitch: Founders pitch to a smaller committee of members.
  4. Main Meeting Presentation: The top 3–4 companies from screening are invited to present to the full network of 180+ investors at the monthly main meeting.
  5. Due Diligence: Interested members form a dedicated due diligence team to perform in-depth analysis (4–8 weeks) of legal, financial, and technical aspects.
  6. Investment: Members make individual investment decisions, which are aggregated into a single LLC for the company’s cap table. 

What an Applicant can Obtain

  • Capital: Access to one of the most active angel networks in the US; members have invested over $120 million since 2006.
  • Mentorship: Direct coaching from a massive network of seasoned Austin-based executives and serial entrepreneurs.
  • Ecosystem Access: Connections to the thriving Central Texas tech ecosystem and local VCs.