About
The Idaho Expansion Group is an angel investment network operating in Eastern Idaho that completed its first institutional funding round in late 2013. The group operates with a more informal structure and less sophisticated vetting process compared to established counterparts like the Boise Angel Alliance, according to fund administrator Russell Slack. The group closed its initial fund on December 31, 2013, after being open for募集 for more than a year. The fund attracted fewer than twelve investors and managed capital requests totaling $1.5 million. The Idaho Expansion Group's portfolio includes investments in Affinity Amp, a mobile application and website development company with operations in Boise and Rexburg; Klowd, an Eagle-based company specializing in interactive presentation software called SlideKlowd; and Stukent, an educational-technology company based in Idaho Falls. The group's investment approach focuses on early-stage companies within the regional market, with particular emphasis on technology and software sectors. As an emerging angel network in a less densely populated investment region, the Idaho Expansion Group represents grassroots capital formation efforts outside major metropolitan venture markets, providing founders in Eastern Idaho and surrounding areas access to non-dilutive funding and investor networks that might otherwise require relocation to larger financial hubs.