MLA48 Fund

By mmuise
Description:

Every month, 4 companies are shortlisted to meet with the Investment Review Committee (IRC). 2 out of 4 companies are selected by the IRC to pitch to the MLA membership network at a monthly Investment Meeting.


Comments on Funding:

MLA48 funding is up to $150,000 per company with up to $200k reserved for follow-on, and there are some parameters to meet.
The MLA48 Fund can invest $150k into a company within 48 hours from the time of a company’s formal pitch to the Investment Committee. On average, collective investments range from $50,000-350,000.

Deadline: Currently accepting applications
Eligibility:

Applicants must:

  • be high potential seed-stage technology companies;
Application Steps:

1. Applicants (companies) must submit an application to be considered for investment on MLA website via Dealum;

2. Applicants (companies) that are seen to be a good fit are invited to Office Hours a 30-minute informal, introductory session with the MLA team to pitch for funding and/or seek coaching or feedback. This is a 10-minute pitch, 2-minute demo and ≤20- minute Q&A. (There can be a 10 min pre-screen call before this step.);

3. Applicants must expect to receive feedback and be informed of their path forward through MLA, be it for MLA48 or the membership.

Documentation Needed:

No specific documentation has been identified.

Other Things to Note:

All companies will be considered for investment from the broader angel investor network and the MLA48 Fund – there is no need for a separate application.

About the author
mmuise