New Louisiana Angel Fund Adds to Portfolio, Supporting North Louisiana Entrepreneurship

The New Louisiana Angel Fund 1 is an angel capital fund organized by the Biomedical Research Foundation in North Louisiana. The Fund recently added to its portfolio, totaling twelve companies that have received funding from them to date.

Currently the Fund has a portfolio value of $3.29 million and is made up of 53 accredited investors. Software technology and healthcare make up over 50 percent of the portfolio, and other companies are in the retail, energy, IT services, and entertainment sectors.

The second Fund, New Louisiana Angel Fund 2, is working on fundraising now in hopes to raise up to $5 million.