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About IMAF-RTP: Executive Summary

IMAF-RTP is an existing seed stage angel capital fund designed to capitalize on the growth in entrepreneurial activity and venture financing, primarily in the Research Triangle Park area of North Carolina, in syndication with other IMAF groups and in selective areas of Virginia and South Carolina.  IMAF-RTP is part of North Carolina’s IMAF Family of Funds and the NC Capital Highway. (www.nccapitalhighway.com).

Structure - IMAF-RTP is a member-owned and member-managed limited liability company, organized to provide members an opportunity for active involvement in a diversified capital investment process.

Fund Size - $1.5 million target.

Unit Price - $15,000/unit through November 2014 at which time the Membership Unit price will increase (currently projected at $20,000)

Goals - The fund will seek to enhance the wealth creation of its members by investing money as well as time and relationships in early stage, high quality, and high growth companies in the Research Triangle Park area and other geographic areas if appropriate in order that those companies achieve success.

Portfolio - IMAF-RTP has invested over $500,000 in five companies (Xanofi, Physcient, Entigral, Perk Dynamics and Groundfloor)

Member Profile - IMAF-RTP’s strength lies in its members, a group of highly successful men and women, primarily from the many businesses and communities within the Research Triangle Park area of North Carolina, and in its disciplined investment model.

Active Members - All members are encouraged to actively participate in the investment process, attending screening and monthly member presentations, making personal add-on investments as individually desired, and responding to Fund Executive requests for special expertise or input as members conduct due diligence on prospects and assist IMAF-RTP’s portfolio companies. It is understood that availability to participate may vary by member over the life of the fund and that some members will be more active than others.

Advisors - It is anticipated that “advisors” with venture capital experience will be selected to assist with information regarding trends and opportunities in their industry.  This knowledge is valuable since venture funds are candidates to provide follow-on capital in the investment continuum.  In addition IMAF RTP will participate in and enhance the Human Capital Database of the NC Capital Highway.

Investment Criteria

  • Typically invests between $50,000 and $100,000 per company with a company board seat, or observer rights, being allocated to IMAF-RTP. This does not include optional member add on investment through the fund.
  • Typically initiates and then co-invests with other venture capital funds, angel groups, or Super Angels (high net worth individuals who invest large amounts to a company).
  • It is anticipated that IMAF-RTP will invest in up to 15 portfolio companies, depending upon the total amount of capital committed.

Fund Executive Contacts - Please contact one of our Fund Executives for further information:

Bill Warner at bwarner@imaf-rtp.com, (919) 369-7031
Rich Kramarik at rich@imaf-rtp.com, (919) 467-3533

 

 

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