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