Gopher Angels

Type

Angel Group/Syndicate

Status

Active

Location

Minneapolis, United States

Total investments

16

Average round size

2M

Portfolio companies

13

Rounds per year

1.33

Lead investments

3

Follow on index

0.12

Exits

2

Stages of investment
SeedEarly Stage Venture
Areas of investment
BiotechnologyE-CommerceSoftwareInformation TechnologyMobileHealth CareWellnessEducationMedical DeviceMedical

Summary

In 2012 was created Gopher Angels, which is appeared as VC.

The fund is generally included in 2-6 deals every year. The usual things for fund are deals in the range of 1 - 5 millions dollars. Speaking about the real fund results, this VC is 22 percentage points more often commits exit comparing to other organizations. The average startup value when the investment from Gopher Angels is 5-10 millions dollars. Opposing the other organizations, this Gopher Angels works on 12 percentage points less the average amount of lead investments. The high activity for fund was in 2018.

The fund has no specific favorite in a number of founders of portfolio startups. In case when startup counts 4 or 5+ of the founder, the chance for it to get the investment is meager. Besides, a startup requires to be at the age of 4-5 years to receive the investment from the fund. Among the most successful fund investment fields, there are Energy, Software. Among the most popular portfolio startups of the fund, we may highlight Surgical Innovation Associates, Kidizen, Upsie.

The fund was created by L. David Russick, Sara Russick.

The typical case for the fund is to invest in rounds with 3-4 participants. Despite the Gopher Angels, startups are often financed by gener8tor, VilCap Investments, Techstars Retail Accelerator. The meaningful sponsors for the fund in investment in the same round are Daren Cotter, gener8tor, TWB Investment. In the next rounds fund is usually obtained by True Ventures, The Syndicate Fund, Techstars Ventures.

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Investor highlights

Stage focus
Seed

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Investments analytics

Analytics

Total investments
16
Lead investments
3
Exits
2
Rounds per year
1.33
Follow on index
0.12
Investments by industry
  • Software (5)
  • Health Care (4)
  • Information Technology (4)
  • Biotechnology (3)
  • E-Commerce (3)
  • Show 39 more
Investments by region
  • United States (16)
Peak activity year
2017

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Quantitative data

Avg. startup age at the time of investment
7
Avg. valuation at time of investment
384K
Group Appearance index
0.88
Avg. company exit year
3

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Latest deals

Company name Deal date Industry Deal stage Deal size Location
HLRBO 20 Feb 2024 Seed 1M United States, Minnesota, Minneapolis
05 May 2020 E-Commerce, Information Technology, Shopping, Sporting Goods Seed 1M United States, Minnesota, Minneapolis
WeWe Technology JSC 08 May 2020 Seed Vietnam, Ho Chi Minh City, Vietnam

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