Build your investment deal.
Angel Challenge is a training program on deal negotiation and fundraising. You will meet real investors, through discussions, negotiations and building your term sheet.
By participating as a startup you get both unique investment training and the possibility of closing your investment round.
Investors join the program with the intention to meet the best startups, network with other angels, improve their investment skills and invest in startups.
It is our goal to create as many great investment deals as possible through angel challenge.
20 investors and 15 startups enters the challenge and goes through a four stage process:
Stage 1: Preparation
Create your fundraising plan
All startups (15)
Stage 2: Selection
Pitch and meet the investors
All startups (15)
Stage 3: Deal Creation
Work with a dedicated group of investors and develop your term sheet
Only selected startups (4-6)
Stage 4: Fundraising
Create a long term fundraising strategy and close the round.
Only selected startups with term sheet (2-5)
All startups must meet in-person the first session. There will be a total of 14-18 startups. Every selection day the number of startup participants gets reduced based on the investors selection. With the early selection you will know shortly after start if this program and its investors are something for you. From session 3 the investors in groups select to work with one startup together and walk through the due diligence and deal-building process with the founder(s). Based on previous programs it is expected that 1-5 startups get smart capital from the program.
A dedicated team with growth ambitions
Show some validation in the market
An early version of a product or service
A registered company in Norway
You will train your fundraising skills by taking part in real investor meetings, deal negotiations, due diligence processes and book building.
Gain access to investment best practices, and startup fundraising tools.
Receive feedback from experienced investors, entrepreneurs and startup leaders.
Connect with the Angel Challenge network of experienced investors, entrepreneurs and community leaders both national and international.
3-5 of the participating startups (of the total 14-18) will go through a due diligence process, draft terms sheet, and get the chance on closing your round.
Session 1: Social event - Meet the investors!
Present your startup to the investors
Session 2 - Selection day
Present your fundraising strategy to the investors
Session 3 - Performing Due Diligence
Start due diligence with a dedicated group of investors interested in your case.
Session 4 - Identifying key deal points
Get an introduction to startup valuations, term sheets, different types of investment instruments and start the negotiation process.
Session 5 - From deal points to term sheet
Continue the negotiations and align investment expectations.
Session 6 - Fundraising plan
Improve the fundraising plans and future strategy.
Session 7: Social event - Co-investor day!
Present your investment opportunity to our network of alumni investor and offer relevant investors to join the deal, or to sign up as interested for later rounds.
Where: Oslo, Startup Campus
NOTE: Every session include topic-related presentations by investor experts from our network, and you will be provided with relevant materials to take you through the entire process.
“A program with a steep learning curve! Made a lot of valuable connections, and most importantly got investor ready. Hopefully, we will end up receiving funding through AC, which we did not think would happen so soon! I am super grateful for all new knowledge, experiences and connections gained through the program. Thank you, guys"
“Angel Challenge will help your company understand how to navigate the jungle of becoming a Startup. It also provides a network of investors & key people to interact with. So if you’re an early phase company, I implore you to make the choice of participating; it’s a game changer for sure”