Logo

eCoast Angel Network

Portsmouth‑area angel network investing in early‑stage technology, e‑commerce, healthcare and industrial startups.

Portsmouth, NH 03801, USA

Apply

Description

e14 Fund is a premier angel investment network based in Portsmouth, New Hampshire, focused on providing "smart capital" to early-stage companies in the Northeast United States. Founded in 2001, it is one of the most active angel groups in northern New England, leveraging the expertise of seasoned entrepreneurs and executives to fuel regional innovation. 
  • Seed & Early-Stage: The network targets companies that have moved past the conceptual phase.
  • Post-Revenue Preference: While not strictly mandatory, they strongly prefer companies with a Minimum Viable Product (MVP) and early customer validation or pilot revenue. 
  • Method: Founders apply through the eCoast Angel Network portal, which is hosted on the Dealum platform.
  • Requirements: A complete submission includes a pitch deck, executive summary, and 3-year financial projections.
  • Vetting Focus: They seek companies typically raising between $250,000 and $1,500,000 in total equity. 

Eligibility

  • Geography: Strong preference for companies located in New Hampshire, Maine, and Massachusetts.
  • Sector: Industry-agnostic, with historical strengths in SaaS, MedTech, Advanced Manufacturing, and Consumer Products.
  • Exit Potential: Ventures must demonstrate a clear path to a significant exit within 5–7 years. 

Process

  1. Online Screening: The leadership team reviews digital submissions for sector fit and scalability.
  2. Screening Committee: Selected startups pitch to a smaller committee for a preliminary deep-dive evaluation.
  3. Member Presentation: The top 2–3 finalists are invited to pitch to the full network of 40+ accredited investors during monthly meetings.
  4. Due Diligence: Interested members form a collaborative team to conduct a 4–8 week rigorous review of financials, IP, and legal status.
  5. Closing: Individual members make independent decisions to commit capital, which is aggregated for the company's cap table. 

What an Applicant can Obtain

  1. Direct Capital: Access to aggregated funding from successful business leaders and former CEOs.
  2. Strategic Mentorship: Active coaching from members who often take board observer roles or provide hands-on advisory.
  3. Syndication: Strong ties to other regional groups (like Maine Angels or Boston Harbor Angels) to fill larger funding rounds.
  4. Regional Exposure: High visibility within the "eCoast" innovation corridor of New Hampshire and Maine.