About this Program
CAN, a group of high-net worth individuals, family offices and entrepreneurs, evaluates investments in early-stage companies with high-growth opportunities.
Our Investment Focus
CAN has a soft-spot for Virginia-based companies. More than half of our investments are in Virginia; however, we are open to great startups wherever they may be. We seek to build strong relationships with the startups we fund, often before we even fund them. We value those relationships more than proximity.
CAN invests in seed, angel, and friends & family rounds in promising startups raising less than $5MM. We typically invest $100K – $300K in a round and frequently partner with co-investors on Series A and B rounds.
CAN members meet monthly to invest as a group in early-stage companies. We raise investment capital on a deal-by-deal basis. When there is enough interest from our members, we create a sole-purpose LLC as an investment vehicle and write a group check from one entity.
As with our members’ backgrounds, our investment and industry interests vary widely. Our investment portfolio includes: SaaS, digital healthcare, biotech, consumer products, clean energy, food and beverages, ed tech, and more.
We, as a group and individually, collaborate with numerous other angel groups and funding sources to find the best startups. We also work to champion our investments with our network.
CAN's screening committee, comprised of our members, meets monthly (typically during the last week of the month) to review applications submitted to CAN via Gust.com and selects 3 companies to present to CAN members during the following month's group meeting held in Charlottesville, VA.
Total Raised: >$5.8M in 30+ startups
- 2015: $385,000
- 2016: $2,480,000
- 2017: $1,151,411
- 2018: $1,530,000 to date
Average group deal: $195k
Median Deal: $110k
- 20 Companies $100k or >
- 11 Companies $200k or >
- 6 Companies $300k or >
- 3 Companies $600k or >
- Clean Technology
- Computers and Peripherals
- Consumer Products
- Electronics / Instrumentation
- Food and Beverage
- Internet / Web Services
- IT Services
- Medical Devices and Equipment
- Retailing / Distribution
- Charlottesville, VA, US