Make a Connection. Make a Difference. Build the Future


We Connect UNC Alumni and Friends to UNC Startups



Join our community of difference makers. Be part of a network of successful alumni, donors and friends of UNC who are passionate about making change in the Innovate Carolina ecosystem. We have created a platform for the network to provide advice and investment to early stage UNC-affiliated companies. For UNC entrepreneurs it is an opportunity to grow your venture with equity funding and advice from fellow Tar Heels. The Carolina Angel Network (CAN) screens a wide range of new ventures, performs due diligence for the members through dedicated resources and allows members to make their own choice of investment. 

How it Works:

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UNC Network Members:

  1. Receive venture documents and  description.

  2. Select ventures that are personally of interest.

  3. Review detailed company documents and CAN diligence reports.

  4. Meet the founders with other members in Q&A session.

  5. Review term sheet and legal documents.

  6. Decide to invest - or not.

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UNC Entrepreneurs:

  1. Submit investment summaries.

  2. Present to our Screening Committee and CAN team.

  3. Go through due diligence process led by CAN team.

  4. Present to Members who expressed Interest

  5. Negotiate term sheet with CAN members and team.


Membership Criteria

Investment Criteria

Angel Fund


Focused on partnering with entrepreneurs

The management of the Carolina Angel Network is fully aware of the funding gap for early stage startup businesses, and is committed to being part of the solution for Carolina-affiliated entrepreneurs.

What our Members Say



"As a relatively new member of CAN, I’ve been impressed by the rigor of the due diligence process—including detailed due diligence reports prepared by staff, often with input from industry experts. Having access to this information in advance of hearing a company pitch, allows for more robust dialogue and, ultimately, helps me make a more informed investment decision.” 

Maureen O’Connor President Moxie Health Advisors, LLC Chapel Hill NC


“This region has kind of ebbed and flowed in terms of the local capital available to these startups, but now angel networks like Carolina Angel Network are trying to change that. These networks are using their powerful alumni base to create an investor circle that would assist in financing startups.  It really enhances the region beyond just the absolute value of the finance goal.”

Kyle Chenet, CEO of 410 Medical. Durham NC


"Joining the Carolina Angel Network has given me the opportunity to invest in numerous seed and early stage businesses throughout the Southeast.  As a Georgia resident, it's been a great way to keep in touch with North Carolina and to meet fellow UNC alums that share a common interest.  Together we can support UNC start-ups while creating a diverse and strong network."  

Wilds Ogie, CEO of Corrugated Machine Works. Atlanta GA

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