r/AngelInvesting • u/Material_Pangolin_48 • 14h ago
First-Time Founder Raising a $20K Pre-Seed Round — Looking for Advice on the Best Approach
Hey everyone,
I'm a first-time fundraiser looking for advice from founders and investors who have experience raising or participating in pre-seed rounds.
I'm the founder of Leanova Health, a telehealth platform that is built and ready to launch. Our leadership team has extensive healthcare experience, and we have a four-person sales team covering Tampa, Florida; Lexington, Kentucky; Austin, Texas; and Toronto, Ontario.
Our business model focuses on partnering with organizations that already have established customer bases, including gyms, salons, med spas, apartment complexes, employers, residential communities, and 55-plus communities. Our goal is to make onboarding easy for business partners while generating recurring revenue through platform fees paid by client users.
Website: https://www.leanovahealth.live
I'm currently looking to raise $20,000 in pre-seed funding to help execute our launch and accelerate growth. I'm open to bringing in multiple smaller investors rather than relying on one person to fund the entire round.
Here's where I'm struggling: I haven't raised outside capital before, and finding the right investors for a relatively small round has been more difficult than I expected. Many traditional funding sources seem geared toward much larger raises, and I'm trying to understand the most practical path forward.
I'd really appreciate advice from anyone who has been through this process.
A few questions I'm hoping to get some insight on:
- Finding investors: Where would you look for individuals willing to invest $2,500–$10,000 in an early-stage business?
- Funding structure: For a $20K round, would you consider selling equity, using a SAFE, offering a convertible note, or taking another approach?
- Investor outreach: What has worked best for finding smaller angel investors? Direct outreach, introductions, online platforms, founder communities, or something else?
- Fundraising platforms: Are there legitimate platforms or angel networks that make sense for a raise this size?
- Pitch materials: What do investors realistically expect from a company at this stage? I have a pitch deck, financial models, sales materials, and supporting information about the platform and business model.
- Closing the round: If you were in my position, what would your first three steps be?
I'm not looking for shortcuts or unrealistic promises. I want to understand how to approach this professionally, find investors who are a good fit, and structure the round properly.
If you've raised a small pre-seed round yourself, invested in one, or helped a founder navigate the process, I'd genuinely appreciate hearing what worked, what didn't, and what you would do differently.
Thanks in advance for any advice!