An update from Northwest Energy Angels

Cleantech Investor Insight

May 2013

Feature 360: Fledge

This month, Northwest Energy Angels presents a "Feature 360" focused on portfolio company Fledge, the "conscious company" incubator. Fledge is addressing an enormous opportunity, the large and growing number of consumers that are increasingly: environmentally conscious, energy conscious, health conscious, conscious of sustainability, of community, and even conscious of consumption itself.

Fledge Closes $307,000 Round With Help From Northwest Energy Angels
Fledge, the "conscious company" incubator, announced the close of its Series A round with a total investment of $307,000. NWEA contributed $140,000 to the current round, on top of $75,000 invested in 2012. This round of funding will go to expand Fledge's business incubator program for entrepreneurs. NWEA member and Fledge deal lead David Bangs notes, "Fledge is an excellent complement to the work we do as angel investors in helping young companies advance their growing trajectories. The more counsel and guidance that leaders of early stage companies can receive from experienced mentors, the better off their long term prospects for funding and commercial success will be. Fledge is filling this much needed role among emerging "conscious companies" seeking to bring world-changing ideas to scale." 

Q&A With Fledge CEO Luni Libes

Fledge CEO Michael "Luni" Libes talks about their mission for foster the leaders of a new economy. "All the companies we invite into Fledge are impactful, socially or environmentally or both.  By helping these companies achieve success and make real their visions, we in turn help foster both fiscally sustainable businesses, as well as big non-fiscal impacts."

Q&A With NWEA Fledge Deal Lead David Bangs
Northwest Energy Angels member and investor David Bangs on the Fledge opportunity. "Fledge focuses on entrepreneurs who are focused on creating successful companies that make an overt positive contribution to society, and is pioneering a revenue based financing structure which allows the incubator to grow and profit based on the success of these companies , rather than on the size and timing of their exits."

Latest Blog Post from the Angels

NWEA Intern Spotlight: Outreach to our 2013 Interns
As the academic year comes to a close, we would like to take this opportunity to thank our current class of Marketing and Due Diligence Interns! Without their commitment and participation, NWEA would not be able to offer the quality experience we provide to our members and entrepreneurs. Please take a moment to review our graduating interns’ profiles listed in this blog post. They are all looking forward to leveraging their recent experience with NWEA in new and exciting ways. If you can help them connect with a relevant person or organization, please don't hesitate to do so. They would sincerely appreciate your guidance in connecting with their industry of choice. This is the best way we can thank them and ensure a high-quality class of new intern applicants for the fall.  For an overview of our current internship opportunities please visit:

Kirk Washington, Yaletown Venture Partners:
The Realities of Investing
Kirk Washington of Yaletown Venture Partners treated the Northwest Energy Angels to an insightful exploration at their March Member Lunch. Kirk has over 25 years of technical, operational, and investment experience in energy technologies, with numerous successful projects under his belt. But Kirk was kind enough to share a case study about a venture that didn’t pan out exactly as planned. He reminded the Angels that we often learn more from our struggles than from our successes.

2013 Angel Capital Association Summit Recap 
NWEA Co-Chairs Lars Johansson and Byron McCann recently attended the Angel Capital Association’s Annual Member Summit in San Francisco, CA. The event was billed as “the world's largest gathering of angel investors.” For the benefit of the NWEA membership, Lars was kind enough to discuss some key takeaways from the Summit. Lars recapped the event for NWEA members.

News Updates

Pete Agtuca Recognized by Seattle Business Magazine
NWEA member and serial inventor-entrepreneur Pete Agtuca was recently recognized as Innovator of the Year by Seattle Business Magazine's 2013 Washington Manufacturing Awards. Agtuca's newest enterprise is Powersails, a portable low-cost, easily deployable wind-power system.

2012 Halo Report | Good News for Startups
The Halo Report, a national survey of angel investment activity produced by NWEA sponsor Silicon Valley Bank, CB Insights, and the Angel Resource Institute, reported that companies in the Northwest are gaining ground on the number of deals and total investment they receive over companies in California and New England.  Click here to view Report Infographic or visit for
the full report.   

Upcoming Cleantech Events

Transactive Energy Conference 2013
May 23-24, 2013 | Portland, OR | For more information visit:

Siemens TTB 2013 New Ventures Forum
June 10-12, 2013 | Berkeley, CA | For more information visit:

Hydrogen + Fuel Cells 2013
June 16-19, 2013 | Vancouver, BC | For more information visit:
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Northwest Energy Angels, founded in 2006, is the first angel investment group in North America to focus exclusively on the cleantech industry. Northwest Energy Angels is a Washington non-profit organization and business network that connects members with outstanding cleantech entrepreneurs in the Pacific Northwest. Members to date have invested about $8.6 million in 36 companies.
Copyright © 2012 Northwest Energy Angels, All rights reserved.