How To Get Angel Funding On Your Mobile App Prototype?

Raising angel funding for a mobile app prototype can be a difficult but rewarding process. Business angels are usually individuals who provide capital to early-stage start-ups in return for a stake in the company. Getting angel funding for your mobile app prototype involves a series of steps and strategies to attract potential investors who are willing to support your project.

Mobile app prototype

Develop a convincing prototype

Create a high-quality, working prototype of your mobile app. The prototype should demonstrate the basic features and functionality of your application. It doesn’t have to be completely polished, but it should clearly communicate your vision and value proposition.

Create a solid business plan

Develop a comprehensive business plan that defines the app’s target market, competition, revenue model, marketing strategy, and financial projections. Investors want to see that you’ve thought about the business side of your app.

Identify potential business angels

Research and identify potential angel investors who have experience investing in mobile applications or startups in your industry.

Create presentation

Create a compelling presentation that highlights key aspects of your application and business plan. Your presentation should include information about the problem the application solves, the solution, market size, competitive analysis, team, financial forecast, and demand.

Practice playing

Practice your presentation until you can confidently and concisely present your proposal and business plan to potential investors. Be prepared to answer questions and clarify doubts.

Create a network and participate in demonstration events

Participate in networking events, competitions and angel meetings. These events give you the opportunity to get in touch with business angels who might be interested in your application.

Use online platforms

Browse online angel investing platforms such as AngelList, Gust or SeedInvest. These platforms can help you connect with a broader pool of potential investors.

Prove membership

If you can demonstrate user engagement, downloads or sales in advance, this can significantly increase your chances of receiving funding. Investors are more willing to invest in a prototype that has already undergone some market testing.

Negotiation conditions

Angel investors may want shares in your company in exchange for financing. Make sure you understand the terms and consequences of the contract.

Legal and financial control

Be prepared for investors to conduct due diligence on your startup. To make this process easier, prepare all of your legal and financial documents.

Follow the news and stay in touch

After submitting your initial offer, stay in touch with potential investors and receive updates on your progress. By communicating consistently, you can keep them engaged and interested in your app development.

Conclusion

Building a strong, passionate team and a compelling app prototype and business plan will make your mobile app more attractive to potential angel investors. Securing angel funding requires determination, perseverance, and the ability to effectively convey the potential of your mobile app.