RAIN Source Capital

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Does the challenge of investing in promising companies appeal to you?

Do you want to help local companies grow?

Do you need help organizing an angel investor group, evaluating potential companies, and mentoring the leadership of early-stage companies?

If so, RAIN Source will empower you to create, capitalize, and ignite your high performing angle investment fund.


What makes RAIN Source unique is our VC and angel investment experience. RAIN Source has created over 35 angel capital funds, from $1M – $3M in size, across 14 states with over 600 members. These funds and their members have invested $40M+ in over 100 companies creating over 4500 jobs and over $750M in follow-on investment.


Our Services

RAIN Source provides a suite of products and services that when combined provide synergies to successfully grow companies, provide a return to investors and create good jobs in local communities. The program enables the sharing of expertise and investment opportunities among high performing angel funds. This helps portfolio companies raise money and recruit the expertise needed to grow.

Steven B. Mercil

Steven B. Mercil

Chief Business Development Officer Appalachian Angel Alliance (AIA), CEO of RAIN Source Management LLC , General Partner of Invest Northwest, LP

Steve Mercil, CBDO is in charge of creating new angel funds for the Appalachian Angel Alliance (AIA) a syndicate of angel capital funds. Steve is the most prolific angel group founder in the nation. Steve founder and CEO of RAIN Source Management LLC has created over 35 angel capital funds, from $1M – $3M in size, across 14 states with over 600 members. These Funds and their members have invested $40M+ in over 100 companies creating over 4500 jobs and $750M in follow-on investment by other funds. Mr. Mercil is a principal of the InvestAmerica NW, LLC, and the General Partner of Invest Northwest, LP, which is a venture capital fund focused on middle market and later-stage companies. InvestAmerica has invested $15M in 20 companies. Steve is a former Board member of the Angel Capital Association, has extensive experience in angel and venture capital as well as other areas of private equity.

To learn more about more about how we can help you form a high performing angel fund contact smercil@rainsourcecapital.com


Steve Mercil
CEO
RAIN Source Capital
smercil@rainsourcecapital.com
 
Fund Development Officer
Appalachian Investors Alliance
smercil@appalachianinvestors.org
 
Minnesota Office:
Red Wing Ignite Building
419 Bush St
Red Wing, MN 55066
 
Wisconsin Office:
435 Maxwell Street,
Lake Geneva WI 53147