About
New Louisiana Angel Funds (NLAF), managed by BRF (Biomedical Research Foundation of Northwest Louisiana) based in Shreveport, was established to address a critical gap in early-stage startup funding across North Louisiana. BRF spearheaded the formation of NLAF 1 in 2015 as the region's first organized angel investor group, holding monthly meetings to evaluate and fund early-stage ventures. The fund model has since expanded to three iterations, each refining the investment thesis around supporting high-growth startup opportunities headquartered in Louisiana. NLAF 2 distinguished itself through university partnerships, with six North Louisiana institutions participating alongside their students and faculty in the fund's due-diligence process, creating an educational component alongside capital deployment. NLAF 3, formed in 2024, raised $3.1 million and continues to attract a younger generation of investors, broadening the traditional angel base. The organization maintains syndication relationships with investor groups across the region, including networks in New Orleans, Austin, Dallas, Houston, and Baton Rouge, enabling deal flow and larger follow-on funding rounds for portfolio companies. The fund targets early-stage ventures and focuses on Louisiana-based entrepreneurs seeking growth capital. NLAF provides investors with participation rights in due diligence, deal selection, and board observation opportunities while offering founders access to not only capital but also regional investor networks and mentorship from experienced angel investors. The platform has demonstrated portfolio activity, with documented investments and at least one notable exit (MobileQubes in October 2023).