InvestAL - Application to Pitch

InvestAL - Application to Pitch

Thank you for your interest in InvestAL, which brings Alabama’s State Small Business Credit Initiative (SSBCI) 2.0 venture capital funding to startups in Alabama. If you are currently raising an equity round of capital less than $20 million, have less than 500 employees, and have an active headquarters in Alabama, please apply by filling out this Application to Pitch. Once you have submitted a complete application, you will receive an email to schedule a 30-minute pitch with our investment team. The application requires you to submit and discuss information about your financials, including MRR, ARR, YoY growth, monthly costs, burn rate, prior investment, and cash on hand.
Founder Information
Name

First NameLast Name
Phone Number
Please enter a valid phone number.Format: (000) 000-0000.
Email
example@example.com
Company Name
Website/URL
InvestAL and SSBCI Eligibility
I am raising early stage venture capital in a round that is less than $20,000,000.
I have less than 500 full-time employees.
I understand that I must raise at least $1 of private capital for every $1 of SSBCI capital that I may potentially raise. Please reference the SSBCI Guidelines regarding what private capital can count towards this financial requirement. (https://home.treasury.gov/system/files/136/SSBCI-Capital-Program-Policy-Guidelines.pdf in Section VIIc)
I understand that Innovate Alabama can only invest up to the amount of private capital that I have raised within 90 days of the closing date with Innovate Alabama (e.g., 1:1 financing requirement). Please reference the SSBCI Guidelines regarding what private capital can count towards this financial requirement. (https://home.treasury.gov/system/files/136/SSBCI-Capital-Program-Policy-Guidelines.pdf in Section VIIc)
Alabama Securities Commission requires companies raising venture capital to register their offering with the United States Securities and Exchange Commission and Alabama Securities Commission; or provide proof of an exemption.
Company Information
How is your business incorporated?
In what state is your business incorporated?
Is your startup located in Alabama?
What is the address for your primary business operations or HQ?

Street Address

Street Address Line 2

CityState / Province

Postal / Zip Code
If you have a secondary business location, please provide its address.

Street Address

Street Address Line 2

CityState / Province

Postal / Zip Code
What stage is your company in?

Other
What industry are you in?
Is your product in market yet?
What problem does your company solve, for whom, at scale?
Describe your company's product or service:
Describe your business model and how you generate revenue (or will generate revenue) in detail:
Describe your company's anticipated path to exit:
Company Financials
Do you have revenue?
What is your average MRR?
How much equity capital have you raised to date?
If you have not yet raised capital, please put 0
How much debt have you raised to date?
This may include Lines of Credit, Bank Loans, etc. If you have not raised any debt, please put 0.
Are you actively raising capital?
What is round is this?
What is the target size of this round?
What is the intended use of funds?
How much capital is soft circled in this round but not yet closed?
How much capital have you hard closed so far in this round?
Do you have a lead investor for this round?
If so, how much has the lead investor committed?
Who is the Lead Investor?
Contact Information for the Lead Investor

First NameLast Name
Phone Number
Please enter a valid phone number.Format: (000) 000-0000.
Email
example@example.com
How much capital are you asking Innovate Alabama to invest in your current round?
The SSBCI guidelines requires $1 of private funding for each $1 of funding that Innovate Alabama invests in your company. Do you have your private funding secured already or are you still raising it? Note: SSBCI is not a match program.

Other
If funded under the InvestAL program, do you commit to following the US Treasury Compliance and Reporting Guidelines?
Upload your pitch deck

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Provide a copy of your term sheet or investment agreement.

Cancelof
Provide a copy of the most up-to-date capitalization table, including investment dates.

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Please tell us anything else you would like us to know about your company, your current equity round, or yourself.
Who referred you to the InvestAL program?
Thank you for filling out our Startup Application to Pitch Form. Once received, our team will begin our review. If selected, you will receive a follow-up email to grab time to pitch our team. Please check your spam folder if you do not receive an email in the next 24 hours.
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InvestAL - Application to Pitch

Founder Information

InvestAL and SSBCI Eligibility

Company Information

Company Financials