MEDIA RELEASE PR39480
Australian Angel Investors Go Hi-Tech
BRISBANE, Australia, May 11 /PRNewswire-AsiaNet/ --
Internet Tools Connect Promising Entrepreneurs With Early Stage Funding
The Australian Association of Angel Investors (AAAI), whose members invest
millions of dollars each year into Australian start-up companies, unveiled a new
Internet-based suite of tools that will dramatically enhance the ability of
Australian entrepreneurs to attract startup investments from angel investors
throughout Australia and around the world.
Every angel investor in Australia will now be provided free use of the powerful
Angelsoft online tools as a benefit of membership in any angel group that belongs to
the Association. AAAI joins the peak business angel bodies in the United States and
Canada in adopting Angelsoft as its official suite of tools for connecting
entrepreneurs with investors and experienced angels who will fund and mentor them, as
well as manage the ongoing relationships between promising startups.
Angelsoft's comprehensive software-as-a-service powers the internal collaboration
process within each angel group and professionally showcases the organization to
prospective entrepreneurs, supporting sponsors, and individual members. As the new
standard tool for all early-stage investing in Australia, it enables entrepreneurs to
apply for funding throughout the country using one single common application.
Angel group screening committees will then use the Angelsoft collaboration system
to review applications, while individual angel investors can use advanced Internet
tools to lead deals all the way through to investment. This process will greatly
speed-up the time to closing, while also improving the due diligence that enables
angels to make more qualitative decisions.
Australia angel groups will now be on the same platform, allowing investors from
multiple groups across the country to work together pooling their funds and resources
in order to help entrepreneurs grow their companies.
AAAI's adoption of Angelsoft will also benefit Australian entrepreneurs seeking
cross-border investments. "More than 20,000 investors from 500 angel networks in 50
countries already use Angelsoft's tools to manage their angel activities," said John
Mactaggart, AAAI's Chairman. "Now, entrepreneurs in Australia will have unprecedented
opportunities to expand their ventures into new markets and build world-class
businesses for Australia."
"This is a great day for Australian entrepreneurs and for investors worldwide,"
said David S. Rose, Founder and CEO of New York-based Angelsoft. "Empowering
Australian angel investors, and promising Australian start-ups with state-of-the-art
tools, will have far-reaching benefits as cross-border investing continues to
expand."
As part of the arrangement announced today, members of AAAI affiliated angel
groups throughout Australia, including Melbourne Angels, Sydney Angels, Brisbane
Angels, Capital Angels, Gold Coast Angels, BioAngels, SA Angels, Hunter Angels and
Hunter Founders Forum, will receive access to Angelsoft as part of their existing
membership dues. Angel investors and entrepreneurs can start using the Angelsoft
platform immediately.
About AAAI
the national, not-for-profit, peak body for Australian professional angel investors.
It promotes a vibrant business angel community and culture in Australia, fostering
the development of angel investor groups, providing continuing education for angel
investors, maintaining relationships with the international angel community, and
representing its members with Australian governments to encourage and develop an
efficient and effective risk capital market in Australia.
About Angelsoft
solutions for early-stage investing worldwide. Angel investment groups and networks,
venture capital firms, business incubators and entrepreneurs on six continents rely
on Angelsoft to facilitate private equity investments into promising companies. Its
award-winning collaboration tools make it easy for seed-stage investment groups to
coordinate and process their deal-flow from initial contact, screening, due diligence
and ultimately, through to funding and beyond.
SOURCE: Angelsoft; The Australian Association of Angel Investors Limited
CONTACT: Jordan Green,
AAAI,
+61-425-730-799,
jordan@aaai.net.au;
or Mark LaRosa,
Angelsoft,
+1-212-228-8770,
mark@angelsoft.net
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