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Backbone Angels

Backbone Angels

  • Toronto, Ontario, Canada

  • Toronto, Ontario

Stage

  • Seed

Type

  • Angel Group

Description

Founded in 2021 and based in Toronto, Ontario, Backbone Angels is a collective of angel investors.

Mission

Since March 2021, we’ve backed over 42 companies and deployed over $2.3M USD in capital to women founders—and we’re just getting started. We believe that there is space for many founders to thrive and be successful, and we know that access to the resources it takes to succeed are not equitably distributed. We want to help close that gap.

We look for forward-thinking founders solving problems in a scalable way.

Beauty Investments #

  • 9

Primary Sector

  • E-commerce, Tech, Consumer

Beauty Exits #

  • 0

Last Beauty Invest

  • Jul, 2023-Attn:Grace

BEAUTY PORTFOLIO

How to Apply?

hello@backboneangels.com

Criteria

Submission criteria:
Your founding team and founder share allocation must have women or non-binary representation
You must be solving a problem in a unique or scalable way, and ready to take on external capital

What to submit:
To help us understand you and your business best, we ask that your deck, video, or supporting materials answers these questions:
Why you started this business
What’s your primary product and what’s the business model
What makes you and your business uniquely positioned in the market
What does your traction and next phase of growth look like
What does your raise look like: round, how much, and at what evaluation
What is you and your team’s background + make up
Are you interested in working with our extended network of other angel investors?
Include any supporting materials (product demos, funding memo, etc.)

When will the applicants be notified?
We will notify all applicants within two weeks of their submission if there is investment interest or not. If you are selected to pitch to the broader group, we will send you info about our pitch session and tips on how to prepare.

How many applications will likely be accepted?
We are not setting a minimum or maximum on applications, as we invest in companies throughout the year as a collective and as individuals. We will review as many applications that come through during the application window.

Resources Breakdown Funding Terms
  • $1M To $8M

  • N/A

Education
  • No
Accelerator
  • Type-No
  • Duration-No
Network
  • 38
1:1
  • Yes

IMPERATIVE: CULTURE & VALUES

TBD

TBD

TBD

TBD

TBD

TBD

BEAUTY FUNDER FIT SCORE

Resources

Education

Accelerator

Network

1:1

7.2/10

*This score calculates the likelihood of any beauty brand getting funded by the investor. The score gives weights to number of beauty investments, recency of beauty investment, number of beauty exits, inclusivity inclination, resources offered, etc.

Inclusivity Investments %
  • 36.84%
Beauty Investments #
  • 9

Beauty Exits #
  • 0
Last Beauty Invest
  • Jul, 2023-Attn:Grace

LEAD DETAILS

Lead Contact

Solmaz Shahalizadeh

Title

Founding Partner

Twitter Handle

Backbone Angels

Contact

hello@backboneangels.com

1(201)-706-0965

JUMP CONCLUSION

Backbone Angels targets early-stage companies in IT, healthcare, and consumer goods, focusing on Canadian ventures in Toronto and other North American cities like New York and San Francisco. They prefer co-investing in technology-driven startups, particularly those in cybersecurity, e-commerce, and emerging technologies with regional or sectoral strengths.

Best Beauty Funder FIt for overlooked founders, ideas and businesses.

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