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Carolina Angel Network

Angel network

Chapel Hill · Pre-Seed–Seed · 2 people tracked

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Investment thesis

Carolina Angel Network focuses on early-stage private investment opportunities tied to the University of North Carolina community. Each year it curates four to six companies founded by UNC-affiliated entrepreneurs, leveraging its professional investor members to conduct due diligence, including academic diligence memos. Investments are aggregated through a formal Special Purpose Vehicle (SPV), and participation is limited to SEC-accredited investors. CAN aims to help close the funding gap for early-stage Carolina-affiliated startups, giving members the chance to evaluate founders and business plans and choose which deals to back.

Source: firm website, verified Oct 2, 2026.

Stage
Pre-Seed–Seed
HQ
Chapel Hill, US
Instruments
Equity
Founded
2016
Tracked investments
2

Team · 2 people

from the firm's website & public directories

What they invest in

from 2 of 2 portfolio companies

AI & Machine Learning ×1Biotech ×1Enterprise Software ×1Fintech ×1Healthtech ×1Medical Devices ×1SaaS ×1Sales Tech ×1

HQs:United States×2

Investments · 2 tracked

founders shown can be your intro path
eterna teareternatear.cominMar 2020

Eternatear develops diagnostic and therapeutic products for dry eye disease, particularly targeting Meibomian Gland Dysfunction.

BiotechHealthtechMedical DevicesRaleigh, US

Timothy Willis(Chief Executive Officer & Chairman of the Board)Kent Geer(Chief Financial Officer & Secretary)Tim Willis(CEO, Chairman of the Board)Ralph Stone(Chief Technology Officer)Joe Huber(Chief Operating Officer)Diethart Reichardt(Chief Marketing Officer & Board Director)

Co-investorsArieal Southeast Angel PartnersCharlotte Angel FundDuke Capital PartnersKleinmuntz AssociatesBand of AngelsDeepWork Capital+2 more

o11o11.aiin𝕏Seed

o11 builds AI agents integrated into enterprise applications.

AI & Machine LearningEnterprise SoftwareFintechSaaSSales TechSan Francisco, US

Aryah Oztanir(CEO)inAjay Misra(Founder)in

Co-investorsY Combinator645 VenturesEight CapitalAccelCare ShiftCRV (Charles River Ventures)+2 more

Portfolio news

latest coverage across their companies
o11: The AI Agent Inside of Every Enterprise App

o11 · ycombinator.com · Mar 2, 2026

Frequently asked questions

What stage does Carolina Angel Network invest at?
Carolina Angel Network invests at the Pre-Seed, Seed stages.
What sectors does Carolina Angel Network focus on?
Carolina Angel Network focuses on Enterprise Software, Sector Agnostic.
Where is Carolina Angel Network located?
Carolina Angel Network is headquartered in Chapel Hill, US.

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