Piedmont Angel Network

Piedmont Angel Network LLC is a venture capital firm based in Winston-Salem, North Carolina, that specializes in investing in seed and early-stage companies with high growth potential. Since its founding in 2001, the firm has focused on sectors such as life sciences, software, technology, and advanced materials. Piedmont Angel Network typically invests between $250,000 and $350,000 in companies with enterprise values ranging from $1 million to $5 million and aims for firms that can achieve annual revenues of $50 million to $100 million. While it primarily targets opportunities within North Carolina, the firm is open to evaluating prospects in neighboring states such as South Carolina and Virginia. Piedmont Angel Network often collaborates with other angel investors, investment networks, and venture firms, participating in funding rounds as either a lead or follow-on investor. The firm seeks to exit its investments within three to five years through the sale of the portfolio companies. Since its inception, it has invested in 23 companies, demonstrating its commitment to fostering growth in the entrepreneurial ecosystem.

Thomas Warren Ross

Investment Professional

Past deals in Southeastern US

Guerrilla RF

Series B in 2015
Guerrilla RF, Inc. develops and manufactures monolithic microwave integrated circuits for wireless infrastructure market. The company’s products include broadband low noise amplifiers (LNAs)/linear drivers; WLAN LNAs; and broadband LNAs/gain blocks. Its products are used in various applications, such as wireless backhaul; cellular repeaters/signal boosters; enterprise/carrier-class Wi-Fi access points; small cells; and base stations and distributed antenna systems. The company was founded in 2013 and is based in Greensboro, North Carolina.

Guerrilla RF

Series A in 2014
Guerrilla RF, Inc. develops and manufactures monolithic microwave integrated circuits for wireless infrastructure market. The company’s products include broadband low noise amplifiers (LNAs)/linear drivers; WLAN LNAs; and broadband LNAs/gain blocks. Its products are used in various applications, such as wireless backhaul; cellular repeaters/signal boosters; enterprise/carrier-class Wi-Fi access points; small cells; and base stations and distributed antenna systems. The company was founded in 2013 and is based in Greensboro, North Carolina.

Entigral Systems

Series A in 2013
Entigral Systems is a developer of a sensor automation platform used for rapid, measurable improvements for asset management and tracking for capital and fixed asset tracking, work in-process management, inventory replenishment, warehousing, and supply chain management. The company's solutions enable manufacturing and related sectors by eliminating waste, streamlining processes, and maximizing productivity, through new levels of asset visibility and reduced human interaction. Entigral Systems was established in 2003 and is headquartered in Raleigh, North Carolina.

Virtual Event Bags

Series A in 2012
Virtual Event Bags is an online platform for event directors to efficiently deliver sponsor messages to event participants. It helps its users create and manage digital content, invite participants, and report on the performance of each sponsor message. Virtual Event Bags was launched in 2010 and is based in Charlotte, North Carolina.

Phthisis Diagnostics

Series A in 2011
Phthisis Diagnostics is a molecular diagnostics company that develops products for various infectious diseases. Molecular technology presents significant advantages to laboratories in superior quality, ease-of-use, and significant cost savings. Simply Molecular.

Southeast TechInventures

Angel Round in 2007
STI's mission is to build an effective and profitable technology accelerator for rapid conversion of scientific breakthroughs into products, services and new technology companies. STI partners with inventors to accelerate the commercialization of technologies and intellectual property (IP). Our current focus areas include medical devices, diagnostics, biotechnology, nanotechnology, materials, electronics, and agriculture including agricultural biotechnology. STI has pioneered a commercialization process powered by their proprietary TechInventures Accelerator Process℠. Using this process STI partners with universities and other research organizations, government funding agencies, private investors, and corporate entities to provide the structure, processes and funding needed to successfully bring new technologies to market. For any given STI portfolio technology, STI's operating model and experience guides and supports the new entity quickly along the path to commercialization. Activities provided by STI may include the following: Obtaining an intellectual property license from the applicable university/research organization Assisting in further developing the technology in partnership with the inventors Establishing the entity as a spin-off company Providing financing contacts Providing experienced business guidance and mentorship