Southwest Angel Network (often branded today as SWAN Impact Network) is an angel investor network based in Texas (Austin, Dallas, Houston, and surrounding regions) that connects accredited investors with early-stage, impact-oriented startups — particularly companies addressing social or environmental challenges alongside financial growth. It originated as the Southwest Angel Network in 2015 and has since expanded its membership and investment activity across several U.S. locations.

Pre-Seed / Seed: Core focus — early-stage companies with traction or initial revenue that also aim for measurable social or environmental benefit.
Series A: Can participate in later early institutional financings alongside other investors.

Typical Investment Size: While SWAN Impact Network does not publish a fixed check size, regional chapters and reports indicate average investor involvement per deal around ~$250K–$300K.

• No fixed published equity percentage — like most angel groups, SWAN negotiates terms deal-by-deal with founders and co-investors based on valuation and total round size. In early-stage financing that’s typical of angel networks, collective dilution across all investors often falls in the ~10 %‒25 % range of total company equity, with individual angels holding stakes proportional to how much they invest relative to the round.
• As an angel network focused on impact investing, SWAN participants may use priced equity, convertible notes, or SAFEs depending on what founders and investors agree to during negotiations (standard early-stage instruments).
• Because SWAN is a non-profit network of individual accredited investors rather than a single pooled VC fund, equity relationships — including board/observer rights — are tailored per investment and are negotiated with founders at closing.

Submission Method: Founders can apply via the SWAN Impact Network website (online inquiry/pitch submission) or connect through ecosystem introductions. 
Pitch & Screening: Interested companies go through a structured review process including screening, investor presentations, and due diligence facilitated by the network. 

Sector Focus: Early-stage companies that pair financial growth with measurable social or environmental impact.
Geography: U.S.-based companies with potential for impact and growth; investment activity is not strictly limited to Texas but often sourced there.
Stage: Pre-seed, seed, and early Series A.

Initial Intake: Early review of deck and fit with impact + growth criteria. 
 Screening Presentations: Founders present in online sessions and investor forums. 
 Due Diligence: Deeper diligence conducted by interested network members. 
 Terms Negotiation: Cap-table terms, valuation, and governance negotiated deal-by-deal.

Strategic Capital: Access to angel investment across the SWAN network, typically aggregated into meaningful seed or early rounds to support growth and impact scaling.
 Impact-Aligned Support: Connection with investors motivated by both financial return and social/environmental outcomes, potentially enhancing founder resources and mentoring. 
Network Exposure: Visibility with a community of accredited angels and potential co-investors across multiple chapters.