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Office Locations:
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243 S. Marshall Street
Winston-Salem, NC 27101
Phone: 336-749-1012
Fax: 336-235-0943
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Piedmont Angel Network (PAN) invests in seed and early stage companies with significant growth potential in the Piedmont area of North Carolina and secondarily in other regions of NC, South Carolina, and Virginia. PAN likes to invest in businesses that are addressing large and significant problems and has invested in 28 companies since 2002 with a primary focus on the life science, technology, software, and advanced materials fields. Although this is the preferred sector, businesses do not have to be technology based as long as the problems are sizeable and the markets large. Large markets include businesses with a national or international scope with at least $50 to $100 million in annual revenues. The first investment can be between $250,000 and $350,000 with possible add-ons from individual PAN members or other investors.
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Investment Firm Key
VC = Venture Capital
PE = Private Equity
A = Angel
I = Incubator
MB = Merchant Bank
VD = Venture Debt
FI = Family Investment Office
FOF = Fund of Funds
ED = Economic Development Office
TT = Technology Transfer Office
CVC = Corporate Venture Capital
SEC = Secondary Purchaser
HF = Hedge Fund/Mutual Fund
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COMPANY STAGE | REVENUE |
Venture Capital | |
Seed Stage (includes "pre-seed," or concept stage) | No Revenue |
Early Stage | Minimal Revenue |
Growth Stage (also called Mid-stage) | $2M-$7M |
Expansion Stage (also called Late-stage) | $7M and greater |
Private Equity | |
Lower Middle Market | $10M-$249M |
Middle Market | $250M-$499M |
Upper Middle Market | $500M-$1B |
Large Cap | >$1B |
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