We Connect UNC Alumni and Friends to UNC Startups
We facilitate and foster the development of early-stage innovation with Tar Heel ties, syndicating high-growth investment opportunities with our community of UNC alumni, supporters, and advisors. You must be an accredited investor by SEC standards to participate in syndications.
CAN manages a strong pipeline to curate 4-6 early-stage private investment opportunities for members to invest in. We leverage our professional investor backgrounds and member network to diligence opportunities. We aggregate our investment through a formal Special Purpose Vehicle (SPV).
How it Works:
CAN Members:
Receive opportunities to invest in 4-6 new companies per year
Review company investment documents and academic due diligence memos
Select the deals that are personally of interest to you
Attend member investment meetings to evaluate the founders and bus plan with other members
Review term sheet and legal documents (opinion provided)
Decide to invest - or not
UNC-Affiliated Entrepreneurs:
Submit investment documents and business plan
Present to CAN senior team and screening committee
Participate in due diligence process led by the CAN team
Negotiate term sheet with CAN team and lawyers
Present to our members and answer questions
Report quarterly on progress after the CAN members invest
Membership Criteria
Investment Criteria
Angel Fund
Focused on partnering with entrepreneurs
The management of the Carolina Angel Network is fully aware of the funding gap for early stage startup businesses and is committed to being part of the solution for Carolina-affiliated entrepreneurs.