PHX Angels is a Phoenix-based angel investor network that backs early-traction software and AI companies with capital and hands-on operator help. We’re a core partner of PHX FWD, and our members range from experienced software operators to executives from other industries to first-time angel investors.

Membership is open to accredited investors — generally, individuals with income over $200,000 ($300,000 with a spouse or partner) in each of the last two years, or a net worth over $1 million excluding your primary residence. If you’re not sure whether you qualify, reach out and we’ll help you figure it out.

No. Our core is seasoned software operators, but the network also includes executives from other industries and people investing for the first time. You’ll get real education and support either way — nobody’s expected to walk in already an expert.

$2,500 per year, which funds the community, deal screening, and back-office infrastructure. Beyond that, you only put capital into deals you choose to invest in. For each deal we invest in through an SPV, there is a small fee used to create the SPV — that fee goes to cover 100% of the investment, not a management fee. Our goal is to limit fees as much as possible.

The minimum investment per deal is $5,000. You decide which deals to participate in — membership doesn’t obligate you to invest in every deal.

No. Membership gets you access to our full pipeline, but you decide which deals to invest in, deal by deal.

We retain 10% of investment profits (carry) on deals members invest in — nothing more. If a deal doesn’t return, we don’t make money on it either. That’s on purpose: it keeps us focused on finding companies that actually win.

Through our partnership with PHX FWD and the Fast FWD Accelerator, plus direct founder relationships and referrals from our member network. Every company goes through screening and collaborative due diligence before it reaches members — you don’t have to be a technical expert to evaluate a deal, because we’ve already done the first pass.

Software and AI companies — across enterprise, healthcare, defense, industrial, and more — typically around $100K in annual revenue and growing, Phoenix-based preferred but open to strong U.S. teams, and founders with grit over polish.

As much or as little as you want. Deal memos and diligence materials come to you either way; how deep you go — attending pitch calls, joining diligence, showing up to events — is up to you.

Direct access to founders, a network of operators and executives who’ve actually built companies, investor education, and a community that’s genuinely building something in Phoenix — not just a spreadsheet of deals.

Contact Aaron Favreau to get started, aaron@phxangels.com — we’ll set up a conversation, answer your questions, and walk you through next steps.