Venture Capital
Shreveport, Louisiana, 71103
BRF spearheaded the formation of the New Louisiana Angel Fund 1 (NLAF 1) in 2015 to fill the gap resulting from a regional lack of organized investment resources for startups. NLAF 1 is the first North Louisiana angel investor group and meets monthly to evaluate startups for funding. To ensure a vibrant innovation ecosystem, North Louisiana needs a well-managed investor fund comprised of accredited investors who meet regularly to evaluate marketable opportunities. NLAF 1 was created with $2.6 million raised to provide funding to entrepreneurs and investment opportunities to accredited investors who want to promote the growth of business initiatives in Shreveport-Bossier and North Louisiana. NLAF investors make all investment decisions, while BRF manages the funds. NLAF 2 was formed in 2018 with $3.1 million raised. While both funds have the same mission, NLAF 2 has a unique feature in that six North Louisiana universities participate in the fund and students and faculty from those institutions participate in and learn from the fund’s due-diligence process. NLAF is syndicated with investor groups in New Orleans, Austin, Dallas, Houston and Baton Rouge, which provide opportunities for additional funding of its startup companies. In addition, NLAF angels may participate with “side car” deals, whereby members can individually make additional investments in an NLAF-funded company.
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