Ocean State Angels' investment strategy is to invest in the seed stage of a venture exclusively in the life sciences sector. On occasion the fund may choose to invest even earlier in a company's life cycle, such as at the translational research stage, where an investment from the fund could significantly enhance the commercial potential for a product or service.
The fund looks for opportunities with clear unmet market need or clearly defined competitive advantage over existing products or services already in that market and a potential or demonstrated addressable market of at least $100 million. The goal is to help companies advance towards later-round venture-backed funding and ultimately a successful business and/or exit. The fund will look for companies that are extremely capital efficient opportunities where its funds will lead to significant step-ups in valuation to avoid unfavorable future funding rounds. The companies we support always agree to base and build their ventures in Rhode Island for a minimum period of time.