About
New Louisiana Angel Fund 3 (NLAF 3) represents the third iteration of an angel investment initiative managed by BRF (Shreveport), focused on supporting high-growth startups in the North Louisiana region. Launched in 2023, NLAF 3 is capitalized with $5 million and targets early-stage companies positioned to diversify and accelerate economic development across the region. The fund operates within Louisiana's broader angel investment ecosystem, which includes complementary organizations such as the NO/LA Angel Network and the New Orleans Startup Fund—a not-for-profit venture capital firm that has demonstrated measurable impact, with its portfolio companies having raised $65 million in subsequent funding over the past 14 years. The NO/LA Angel Network has independently deployed capital into sectors including biotechnology and specialized services, evidenced by investments in companies such as Servato Corp., MicroBiome Technologies, and SmartPak. While specific check sizes, membership structures, and detailed portfolio data for NLAF 3 remain limited in available sources, the fund's positioning within North Louisiana's innovation ecosystem indicates a commitment to seed and early-stage venture capital across multiple sectors. The broader investment community in the region has attracted 46 co-investors across portfolio companies, suggesting a collaborative approach to startup funding. NLAF 3 joins existing Louisiana angel funds in targeting entrepreneurs seeking capital to accelerate growth, while providing investors exposure to emerging companies in an economically diversifying region.