The Frontier Angel Fund 2 committed its remaining investable capital at its member meeting July 28 in Bozeman.
Its portfolio concluded with 19 investments, which included five lead investments in Montana based companies. Frontier Funds 1 and 2 combined have invested nearly $15 million between the Funds and the corresponding investments from individual members. Frontier Fund 2 now enters portfolio management mode.
“We are delighted to have found such great investment opportunities and helped some terrific entrepreneurs,” said Larry Cates, chairman of the Fund. “The acceleration of the startup world in Montana, the rise of angel syndication networks in the region, and the passionate engagement of our investors has fueled some great opportunity.”
Frontier Angels will soon debut its new structure and tech-focused strategy with new leadership.
Liz Marchi, cofounder of Frontier Funds 1 and 2, will shift her attention to working with the Montana Chamber of Commerce to build initiatives to support entrepreneurship as part of the Montana Chamber’s strategic plan, Envision 2026. She will also work with Marchi Ranch Wagyu beef.