1. Attend Office Hours
If you are not yet ready to apply, you are welcome to attend Office Hours, an informal information session for entrepreneurs seeking advice. These are not Screening sessions and you are not pitching for funding. Office Hours are held at 11am-12pm on the first Friday of every month in Melbourne (level 2/696 Bourke Street, Melbourne 3000) and the first Monday of every month in Sydney 10am-11am (One International Towers Sydney, Watermans Quay, Barangaroo NSW 2000) (same day as our Investor Forums) Please register 24 hours in advance.
2. Submit an Application
Start the process by submitting an online application on Gust, a secure deal management software used by most angel investor groups globally. Then share this with Scale Investors which gives access to all Scale Angels. We also request that you submit a video interview. All information remains with Scale without the express request or permission of the entrepreneur. We will respond to completed applications within a week. Applications must be received the second Tuesday of the month (1 week before the relevant Screening session).
At every stage of the investment process, all applicants will be provided with timely, constructive feedback. Successful applicants are provided with specific feedback on their presentation to ensure they are ready for the next stage, and unsuccessful applicants may be invited to consider applying again at a later date.
3. Present at Screening Session
Successful applicants are invited to a Screening session. Not all applicants are accepted for Screening. Invitations are sent out on the second Friday of the month (4 days before the relevant Screening session). Two screenings are held by Scale each month at 9:30-12pm on Tuesday’s, and are conducted in Melbourne or via Zoom. Please refer to our 2018 calendar for exact dates and times.
4. Present at Investor Forum
Every other month, three or four women entrepreneurs who are successful in the Screening process are invited to present in person to the next Investor Forum, held at 6-8:30pm on the first Monday of February, April, June, August, and October, and repeated the following evening at 4:30pm-7:00pm and on the Wednesday morning 9:30-12:00pm in Melbourne.
5. Attend Deep Dive
Companies gaining adequate investment interest move to a Deep Dive meeting, held at 9:30-10.30am on the Friday after the Investor Forum, and if interest continues, a four to six week Due Diligence process.
6. Due Diligence Process
During Due Diligence, Scale Angels review historic financials and financial model, sales and marketing strategy, product road map, IP, management references and background checks, market opportunity, value proposition, business model, competition, material contracts, exit strategy and potential returns. Please ensure you have this information available at the start of the Due Diligence process.
7. Deal Close
We aim to sign terms sheets within six weeks and finalise closing documentation and transfer funds to your Company within eight weeks. Please note: Admin and onboarding fees associated with closing each deal will be invoiced by our third party vendor. These fees are subject to final investment amount.