Join MIG Angels

Angel investing is rarely something to do alone. As a MIG member you get:

• Access to a curated pipeline of early-stage investment opportunities you would not easily find on your own

• The collective experience of a member group that has been investing together since 2007

• The ability to invest smaller amounts across multiple deals, rather than backing a single company

• A local network of founders, investors and advisers across the lower North Island

• A simple, managed process for reviewing, deciding on and holding your investments through Catalist

The club holds meetings quarterly. Opportunities are presented both in person and online, so you can stay involved wherever you are in the region.

We use Catalist to manage investments. As a member, you will have access to Catalist where you can review your portfolio, see updates on companies you have invested in, view new opportunities and make investments.

Members sign up to the MIG Nominee Deed, with investments held under MIG Nominee No 1, which holds the shares on behalf of members.

Because angel investments are offers of financial products that are not made to the general public, membership is open only to people who qualify as a "wholesale investor" under the Financial Markets Conduct Act 2013 (FMCA).

You will generally meet this requirement if you fall into one of these categories:

• Large investor - your net assets, or your total consolidated turnover, exceeded $5 million in each of the two most recent financial years

• Investment activity - you currently own, or have owned in the last two years, a portfolio of financial products worth at least $1 million, or you have made transactions to acquire financial products of at least $1 million in the last two years

• Investment business - your principal business is investing in, broking or trading financial products

• Eligible investor - you have enough experience in buying and selling financial products to assess the merits and risks of an investment, your own information needs, and whether the information provided is adequate

If you qualify under one of the first three categories, you confirm this by signing a safe harbour certificate. If you are certifying as an eligible investor, your certificate must also be confirmed in writing by a financial adviser, qualified statutory accountant or lawyer. A certificate is valid for two years.

It is important to understand that wholesale investors do not receive the same protections as retail investors. You may not receive a full product disclosure statement, you will have fewer legal protections, and early-stage investing carries a real risk of losing some or all of your money. We strongly encourage you to seek independent financial and legal advice before joining.

The process is straightforward:

1. Register - complete the registration form below

2. Meet us - have a chat with our MIG manager about the group and how it works

3. Verify your eligibility - complete AML and KYC checks and provide evidence of your investor eligibility (handled through Catalist)

4. Sign the Deed - sign the MIG Nominee Deed

5. Pay - pay your annual membership fee

Once these steps are complete, you will be a full member with access to all upcoming opportunities.

• Annual membership fee of $300 + GST

• Brokerage of 2.3% on investments

• No exit brokerage

Investing in early-stage companies is high risk. Returns can take many years to materialise, individual companies can and do fail, and your investments will usually be illiquid (hard to sell). Most experienced angels build a portfolio across many companies rather than backing just one. Only invest money you can afford to have tied up for a long time, or to lose entirely.