AngelPad

Comprehensive detailed description of AngelPad funding program:

Objectives:

• To find and support exceptional early-stage startups with founders they enjoy working with.
• To help startups achieve product-market fit, define target markets, validate their business, and prepare for fundraising.
• To provide intensive mentorship and hands-on support over a focused 3-month program.
• To enable startups to raise significant funding and build successful companies.

Target Beneficiaries:

• Seed-stage startups from any tech vertical including SaaS, marketplaces, AI, healthcare, mobile, B2B, B2C, and more.
• Founders who are committed and ready to work intensively on their startup.
• Startups aiming to tackle big problems in large markets and scale significantly.
• Companies from anywhere in the world, including Hong Kong, are eligible to apply.

Application Process:

• Open application where founders submit detailed information about their business and team.
• Applications are reviewed personally by AngelPad founders Carine Magescas and Thomas Korte.
• Selected startups are invited for in-person interviews.
• Acceptance rate is very low, less than 1%, emphasizing high selectivity.
• Cohorts are formed twice a year with about 15 startups each.

Key Features:

• $120,000 investment per company as initial funding.
• Access to over $300,000 in cloud credits from AWS, Google, and Digital Ocean.
• Intensive 3-month program with daily in-office mentorship from the founders.
• Personalized 1:1 mentorship tailored to each startup’s needs.
• Strong community support from cohort peers and alumni.
• Extensive network and introductions to investors, aiding in fundraising.
• Proven success with portfolio companies raising over $2.2 billion in total funding and many valued over $100 million.
• Focus on quality over quantity, maintaining small cohorts for maximum impact.
• Alumni include successful companies like Postmates, Pipedrive, and Vungle.

AngelPad’s motto is “Your Success is Our Success,” reflecting their deep alignment with founders by owning the same class of shares and working closely with startups to ensure their growth and success.

This program is ideal for Hong Kong startups seeking world-class mentorship, funding, and access to Silicon Valley’s investor network while being part of a highly selective and impactful accelerator program.