RAIN Source Capital

About The Fund

RAIN Source Capital is an investment firm headquartered in Minneapolis, Minnesota, with a focus on empowering the creation, capitalization, and success of high performing angel investment funds. Their expertise lies in Equity, Mezzanine, and Leases, presenting a platform for seed, startup, early stage, expansion, and later stage investments, including ownership transition. With a minimum investment threshold of $500,000 and a maximum of $2,000,000, RAIN Source manages assets worth approximately $40 million. They have been instrumental in creating over 35 angel capital funds, with sizes ranging from $1 million to $3 million, across 14 states, comprising more than 600 members. These funds have collectively invested over $40 million in more than 100 companies, catalyzing the creation of upwards of 4,500 jobs and garnering over $750 million in follow-on investments. RAIN Source differentiates itself through its substantial experience in both venture capital and angel investment, offering a suite of products and services that foster the growth of companies, assure investor returns, and stimulate job creation in local communities. The synergy afforded by RAIN Source's program enables the sharing of expertise and investment opportunities among active angel funds, supporting portfolio companies in raising capital and recruiting necessary expertise to thrive. Key figures include Steven B. Mercil, the CEO of RAIN Source Management LLC and a pivotal figure in angel fund creation and private equity. For those interested in forming a high-performing angel fund and investing in promising companies, RAIN Source Capital offers a wealth of experience and a solid track record in the angel investing realm.