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Tundra Angels

Green Bay, Wisconsin–based angel network delivering “capital, connections and customers” to early-stage startups. (Tundra Angels)

Green Bay, WI, USA

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Description

Tundra Angels is an angel investment network based in Green Bay, Wisconsin. It was founded in 2020 as an initiative of the Greater Green Bay Chamber to connect high-growth startups with local accredited investors, primarily in the Upper Midwest. 
  • Seed & Series A: Tundra Angels targets companies that have moved past the ideation phase and have a functional Minimum Viable Product (MVP).
  • Traction Preference: They prioritize "market-ready" companies with early revenue or strong pilot validation.
  • Method: Founders apply through the Tundra Angels Dealum portal or via the Greater Green Bay Chamber website.
  • Materials: A pitch deck, executive summary, and 3-year financial projections are required.
  • Vetting Focus: They look for scalable technology or tech-enabled business models with a clear path to a 10x return. 

Eligibility

  • Geography: Strong preference for companies based in Wisconsin and the Upper Midwest, though they will consider high-quality deals from across the U.S. if there is a strong regional connection.
  • Sectors: Industry-agnostic, with significant interest in SaaS, Advanced Manufacturing, Supply Chain/Logistics, and HealthTech.
  • Funding Goal: Typically targets companies raising between $250,000 and $2,000,000. 

Process

  1. Screening: The Managing Director and a screening committee review applications for fit and investment readiness.
  2. Selection: Approximately 3–4 companies per cycle are selected to pitch.
  3. The Pitch: Founders present to the network members (typically via a hybrid of in-person in Green Bay and virtual attendance).
  4. Due Diligence: Interested members form a deal team to conduct a 4–8 week deep dive into the company's financials, IP, and market viability.
  5. Closing: Members make individual investment decisions, which are often aggregated into a single entity for the cap table. 

What an Applicant can Obtain

  1. Direct Capital: Access to a growing network of accredited investors in the Northeast Wisconsin ecosystem.
  2. Strategic Mentorship: Direct coaching from successful regional entrepreneurs and executives.
  3. Midwest Connectivity: Direct introductions to other regional angel groups (like Golden Angels or Gopher Angels) and follow-on VCs.
  4. Community Visibility: Opportunity to be featured in regional press and startup showcases.