Alliance of Angels, an investor program of the Seattle-based Technology Alliance, on Wednesday officially launched its Seed Fund with more than $4 million in capital.

The fund will invest in worthy start-ups with growth potential throughout the Northwest.

Until now, the individual alliance members chose whether to invest in young companies seeking early-stage capital.

“AoA has an excellent track record of providing access to capital for entrepreneurs while offering attractive deals to our members,” said AoA Chairman Dan Rosen, CEO of Dan Rosen & Associates. “Having made a total of 80 investments just in the past two years, AoA continues to actively invest in great local companies and now will be able to put even more money to work.”

“With this additional vehicle available to benefit both investors and entrepreneurs, (the alliance) is poised to take angel investing in the Pacific Northwest to a new level,” he said.

The alliance expects its Seed Fund to make seven to 10 investments per year, over a period of three to four years.

Do you want some of that capital? You’ll have some hoops through which to jump.

Qualifying companies will have successfully progressed through the alliance’s screening process, pitched their company’s business plan to the membership and secured investments totaling at least $100,000 from two or more alliance members.

If you make it that far, eligible companies undergo another review by volunteer investment committee members Peter van Oppen of Trilogy Partnership, Tim Porter of Madrona Venture Group, and angel investor Gaylord Kellogg. The committee will focus on ensuring proper due diligence and diversification when making investment decisions on behalf of the fund’s investors.

Dan Voelpel, The News Tribune