Atlanta Angel Group Makes First Investment Outside Atlanta

Atlanta Technology Angels (ATA) today announced it has joined Cowtown Angel Network, Central Texas Angel Network and Golden Seeds in a $3 million investment in Austin-based Wisegate, a private, practitioner-based IT research service for senior technology professionals.

Wisegate, which officially launched in December, 2011, is an innovative IT research service in which qualified senior technology professionals share information without the bias of analysts, vendors, media or advertisers. Using a crowdsourcing model and advanced algorithms, Wisegate gives these technology professionals trusted, timely, relevant and affordable access to the most authentic intelligence about IT: the collective knowledge and experience of their peers.

“Wisegate promises to change the way IT professionals gather and exchange experiential information, giving them a better tool for assessing both problems and potential solutions to those problems,” said Atlanta Technology Angels member Jamie Lewis, who was also named to the Wisegate board of directors. “The company’s unique approach and value proposition are aligned with the changing needs of the market, making it an attractive investment opportunity for angel networks.”

Wisegate membership is available to senior IT professionals working for companies that do not sell IT products or services, and all applicants are screened to ensure they meet strict membership guidelines. The funding Wisegate secured from Atlanta Technology Angels and its investment partners will be used to further expand Wisegate’s member base of senior IT professionals and to build out new member services.

“It was a pleasure to work with Atlanta Technology Angels on Wisegate’s most recent round of fundraising,” said Sara Gates, Founder and CEO of Wisegate. “We were very impressed with how efficient their process is and with how many experienced entrepreneurs they have among their investor ranks. They are definitely a top notch angel network for young, rising companies like Wisegate.”

Atlanta Angel Group Makes First Investment Outside Atlanta