Impact Investing: Angel

These are accredited investors - high-net-worth individuals - who the law considers to be better able to manage the risk of a small business investment. Businesses can get funding from them without as much legal work as investment funds that include non-accredited investors.

This Guide lists groups of angel investors that work together to find and vet investment opportunities. 
Are good for businesses who...

  • Expect to provide a high return to investors

  • Have a cutting edge or compelling product or service that people are inspired to invest in

  • Do not have cash flow right away to start making loan payments

  • Interested in business advise and mentorship from investors

Cutting Edge Capital - Private Placements Advising
344 20th Street, Oakland [map]

Serves the United States

Legal services that assist businesses and nonprofits in operating sustainably, including access to money and capital markets.

Capital raises from $100,000


  • Privately offer an investment to wealthy and/or non-wealthy people you know

  • Fewer required legal filings than public offering

  • Usually accredited (high-net-worth) investors

  • Non-wealthy investors may also participate

  • In California, can have up to 35 non-accredited investors


  • This source will lend to or invest in startups with less than one full year of operations.

  • This source provides finances for nonprofits.

  • This source determines creditworthiness with alternative criteria, not just credit scores.

Good Certifications
B Corp, Bay Area Green Business

OG Member Round Decal.jpg

Investors' Circle
PO Box 3612, Durham, NC 27702

Serves the Bay Area, Boston, New York, Philadelphia, Colorado, North Carolina, and D.C.

Early stage businesses with high growth potential in clean energy, consumer products, education, energy & environment, sustainable agriculture, food & beverages, infrastructure & apparel, health & wellness, community development, impact software

$50,000 - $3,000,000


  • Early-stage companies that have gone to market and achieved some degree of traction

  • Business models that are post proof-of concept, demonstrated by contracts, revenues, strategic partnerships, etc.

  • Companies that expect to achieve $5,000,000 in annual revenues within the next 5 years

  • Companies that plan to scale and ultimately pursue an exit strategy

  • A qualified and inspiring management team

  • Strong IP protection (if applicable)

Slow Money Northern California

Serves Northern California

Projects that:

  • Protect soil and farmland

  • Build community infrastructure

  • Increase access to healthy food

  • Enhance health and environment

$5000 - $250,000; investments made by individuals in the community (not the Slow Money organization itself)


  • Through its gatherings and showcases, Slow Money convenes and connects entrepreneurs, investors, foodies, and localization activists to catalyze investments in the local food systems

  • In addition to loans and equity investments, they help facilitate "royalty-based financing" in which returns are based on revenues


  • This source provides finances for nonprofits.

  • This source determines creditworthiness with alternative criteria, not just credit scores.

Good Certifications

Impact Investing: Funds


These bring together many socially and environmentally responsible businesses into a fund that wealthier individuals can invest in.

  • Investors are often looking for competitive, high-return ventures that pursue a double- or triple-bottom line

  • Energy and health startups, information technology firms, and sustainable food enterprises often catch the eye of these investors

Better Ventures
2323 Broadway, Oakland, CA 94612 [map]

Serves the United States

Projects that:

Entrepreneurs leveraging the tools and methodologies of the modern technology startup to address some of society's biggest challenges

$1,000,000 - $5,000,000


  • Early stage

  • Must address opportunity, health, or sustainability

Brightpath Capital Partners
1 Kaiser Plaza, Suite 650, Oakland [map]

Serves the United States

Projects that:

  • Businesses committed to positive social and environmental impact

  • High growth potential

  • Clean energy

  • Energy efficient

  • Environmental technologies

  • Sustainable agriculture & healthy food

  • Education

  • Wellness

$1,000,000 - $5,000,000


  • Cleantech, information technology, sustainable products and services, and healthcare

DBL Partners
One Mont­gomery Street, Suite 2375, San Fran­cisco, CA 94104 [map]

Serves the Western United States

Projects that:

Companies to enable social, environmental, and economic improvement in the regions in which they operate


  • Double bottom line practices

ICA Fund Good Jobs
2335 Broadway #102, Oakland [map]

Serves the Bay Area

  • High-need, high-growth small businesses creating good jobs

$250,000 - $750,000


  • To be evaluated for investment, a company must participate in ICA Fund Good Jobs Entrepreneurship Services (Education, Advisory, or Acceleration offerings), it must be poised for high growth, and committed to creating good jobs for those who need them the most


  • This source determines creditworthiness with alternative criteria, not just credit scores.

Good Certifications
CDFI, Opportunity Finance Network Ally, GIIRS Rated, Social Venture Network, National Committee for Responsive Philanthropy, Mission Investors Exchange

Kapor Capital

Serves the United States

People of color, women, and other groups that have been historically underrepresented


  • Low-income and/or communities of color

  • Tech, seed stage

  • Committed to diversity in hiring


  • Engage as advisors to assist with strategy, problem solving, growing the business, and fundraising.

New Media Ventures

Serves the United States

Media and tech startups that disrupt politics and catalyze progressive change


  • Have significant market opportunity

  • Have a defendable competitive advantage and some evidence of traction with customers or key constituents.

  • Beyond ideas stage


  • Twice annual call for applicants

Radicle Impact Partners
1438 Webster Street, Suite 300, Oakland [map]

Serves the United States

Invests in three sectors: Good Food, Good Energy, and Good Money$100,000 - $1,000,000

$250,000 - $1,000,000


  • Addressing a significant market opportunity

  • Driving positive social and environmental returns

  • Seed and Series A stage

Good Certifications
B Corp