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AZ Tech Beat | September 18, 2019

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Desert Angels close a $517K sidecar fund 4

Desert Angels close a $517K sidecar fund 4
Tishin Donkersley

Desert Angels announced the closing of its sidecar fund 4 at $517,000, this will be the largest sidecar fund they’ve raised within a 12 month period.

Chairman of Desert Angels Curtis Gunn tells AZTB, “We are very excited to have successfully raised the sidecar fund 4 which will prove significant for companies that seek out funding from Desert Angels. Historically our sidecar funds have been proven to be successful for our portfolio companies and early-stage companies.”

In 2013, Desert Angels have invested in 17 companies, and most recently were listed on the Halo report as one of the top 10 angel group investors in the country.

“This raise is great for the state of Arizona and for Southern Arizona. This will help entrepreneurs receive funding, create jobs and help the overall ecosystem. Arizona entrepreneurs are relying more on angel investor for funding and Desert Angels are excited to be a part of that opportunity,” Gunn shares.

Gunn noted that Desert Angels’ all time record for single year of investments was $3.9M and they’ve already invested more than $4M this year. “We are ready to make investments,” he said.

Read more coverage about Desert Angels here at AZTB.