A  Bluegrass Angels


     Office Locations:

P.O. Box 114
Lexington, KY 40588
Phone: 859-904-9039



  • Early
  • Seed



  • Defense & Homeland Security
  • Information Technology
  • Life Sciences & Healthcare
  • Manufacturing & Industrial
  • Software & Internet



    The Bluegrass Angels (BGA) seeks to encourage the development of start-up companies and to support new businesses in the region by providing the region's entrepreneurs with seed capital and management guidance from experienced industry and entrepreneurial veterans. BGA is a formal group of 40+ former and current executives. An important, although not exclusive, focus of the BGA, is to develop start-up companies through the commercialization of the on-going research of the University of Kentucky. Individual company investments will normally be in the range of $100,000 to $500,000. BGA members only invest in Kentucky-based companies with annual revenue potential of at least $10 million. In 2004, Bluegrass Angel Fund was created to co-invest in deals that are subscribed by members of the Bluegrass Angels. The fund is a $2 million fund comprised exclusively of investments from BGA members who have bought shares, University of Kentucky, and Commonwealth of Kentucky. The Fund focuses on seed/early stage deals but is generally category agnostic. The goal of the fund is to maintain a diverse balance among biotechnology, software, pharmaceutical, defense and industrial.

    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
    Venture Capital
    Seed Stage
    (includes "pre-seed," or
    concept stage)
    No Revenue
    Early StageMinimal
    Growth Stage
    (also called Mid-stage)
    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

    Investment Team:


    Portfolio companies include:

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      Global Shelter Systems
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      Mersive Technologies
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      Resonant Vibes
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      SimPak International
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