“SideCar wins every award there is for ‘easiest-to-deal-with investor’, at the US, planetary, and intergalactic levels.”
. — Stefania Mallett, CEO, ezCater
SideCar Angels is a Boston-based angel group that rides “sidecar” with top-tier angel groups and VCs to fund early-stage companies. SideCar’s first Fund went into harvest mode at the end of 2017, having achieved an IRR of ~37%. Fund II commenced investing in 2018 and has made investments in more than 35 companies so far.
Because SideCar pools its members’ funds, it’s able to satisfy the minimum check size requirements that put some deals out of reach for individual investors. In addition, SideCar seeks out deals that have been pre-vetted by angel groups and VCs that have done solid due diligence. As a result, members who might not have time or expertise to investigate each deal can make thoughtful decisions.
By delivering 6-figure investments within days of an emerging company’s presentation, SideCar permits deals to close faster. Because SideCar invests on the same terms and doesn’t require another round of diligence, it’s easy and efficient for deal leads to invite SideCar into their deals.
SideCar members’ additional funding provides companies with additional runway to achieve their goals and reach their next value inflection point. Portfolio companies can also benefit from the opportunity to consult with SideCar and its members whose startup experience, contacts and expertise can help with operations and opening doors.
By expanding angel investing to investors who wouldn’t otherwise participate in traditional angel groups, SideCar hopes to increase the amount of angel funding available for quality deals. By doing so, SideCar increases the chances that entrepreneurs will have the capital needed to succeed, and deal leads will see a return on their investment.
SideCar Angels is supported by excellent sponsoring organizations.
Their services are key to our success.
Note that we generally do not invest in deals without a signed term sheet from a lead investor or entities outside the United States.
We are looking for established and effective teams with deep understanding of their target market.
The business should be capable of attaining sound financial indicators within a reasonable period of time.
Projects should have a demonstrable competitive advantage in their sector and significant growth potential.
The fund targets scalable projects oriented towards fast-growing markets, particularly those based in the Boston vicinity.
Membership in SideCar Angels is limited to accredited investors and is by invitation only. Members are expected to attend at least 6 meetings annually.
If you qualify as an accredited investor and would like to be invited to join SideCar Angels, please send us a note describing your interest and a brief profile or resume at admin@sidecarangel.com.
Although we will respond to your inquiry promptly, the timing for extending invitations and having new members join SideCar Angels
can be delayed.
