Description
SeedStep Angels is a regional angel investor network of accredited investors based in Oklahoma (including Oklahoma City, Tulsa, Ardmore, etc.) that provides early-stage capital, mentorship, and strategic support to high-growth companies — especially in seed rounds to help close the capital gap for startups in the region. Members write individual checks on a deal-by-deal basis rather than acting as a single pooled fund.
Pre-Seed / Seed: Core focus on early-stage funding, typically where companies have some product/market traction and are raising initial outside capital.
Early Institutional / Series A: Members may also participate in follow-on or early Series A deals depending on interest and syndication; however the primary activity is seed-level capital.
Typical Investment Size:Individual members write checks historically ranging from ~$25K up to ~$550K per deal, with group aggregate capital often forming rounds larger than any one check.
Equity Taken:
• No fixed equity % published: SeedStep Angels does not specify a standard percentage of equity it always takes — equity and valuation are negotiated on a case-by-case basis with founders and any co-investors (standard angel practice).
• Industry Norm Reference: In typical angel-led seed financings, total dilution across all investors in a round often falls within ~10%–25% of company equity, with individual angel stakes based on each investor’s contribution relative to the total raise. (This is general early-stage market context for founders.)
• Founder Expectation Guide: If SeedStep Angels members collectively commit a meaningful seed round (e.g., $300K–$1M+), founders might expect the group’s capital to represent a minority equity position consistent with broader seed angel norms (often single-digit to low-double-digit percentages for a lead investor’s portion, but dependent on valuation dynamics). (
Equity Structure: Investments are typically structured via SAFE/convertible instruments or priced equity consistent with angel and seed investor norms; specific governance rights (such as board/observer seats) are negotiated per deal. (Standard practice for angel networks.)
Submission Method: Founders typically present through referral or by engaging with i2E Inc., which manages the group and screens deals; outside Oklahoma companies often need a referral to engage the group’s review process.
Pitch & Screening: Companies that pass initial screening present to SeedStep Angels members for interest, follow-up diligence, and term negotiation.
Eligibility
Sector Focus: Broad technology and high-growth sectors — SeedStep Angels has backed companies across life sciences, software, industrial tech, and medical sectors.
Geography: Oklahoma-centric but may consider compelling opportunities from outside the state when referred through other networks.
Stage: Pre-Seed / Seed, potentially early Series A with co-investor involvement.
Company Profile: Scalable businesses with experienced teams and minimum product or initial traction.
Process
• Initial Intake & Screening: Founders submit deck and materials, often through i2E’s pipeline.
• Pitch Presentations: Shortlisted startups pitch to angel members.
• Due Diligence: Interested members conduct deeper diligence on team, product, market, and traction.
• Deal Terms Negotiation: Valuation and equity terms are negotiated founders vs. participating investors.
What an Applicant can Obtain
Strategic Capital: Seed or early institutional funding from accredited angel investors actively investing in regional and national startups.
Network & Mentorship: Access to experienced founders, operators, and angel mentors in the Oklahoma ecosystem.
Follow-On Support: Opportunity to attract additional angel or VC investors through syndication and credibility gained from this network.