Alamo Angels x Frictionless Match Report
FRICTIONLESS INTELLIGENCE
Alamo Angels Thesis & Key Highlights
Headquarters
San Antonio, TX
Fund Size
Over $7 million deployed across 50+ startups since founding. The Investment Syndicate has an annual target raise of $2 million, used for 5-10 deals per year. The network has grown from 32 to over 140 accredited investors.
Model
Alamo Angels is a 501(c)(6) nonprofit angel investor network combining community-driven engagement with professional investment infrastructure. The Investment Syndicate brings members together to pool resources and expertise for a diversified, member-driven portfolio. Unlike other managed syndicates that typically charge 20% in carry fees, Alamo Angels takes no fees or carried interest. Members prefer to invest in equity positions, though some are open to convertible notes and SAFEs. The partnership with VentureSTX manages SPVs and facilitates investment activity.
Primary Verticals
The portfolio reflects a sector-agnostic approach, with investments spanning:
Packaging, Aerospace and Defense, and Business/Productivity Software
Healthcare platforms, 3D printing/manufacturing, defense technology, medical devices, and automotive safety
Alt-Bionics × Alamo Angels — Match Analysis
Alt-Bionics represents one of the strongest thesis matches in Alamo Angels' current pipeline. The company scores 92% on thesis fit and 87% on investment readiness—earning a clear ACCEPT recommendation. With $425K already committed against a $1M–$1.15M SAFE raise at a $9M cap, the syndicate opportunity is well-timed for Alamo Angels members to participate alongside lead investor William Dawson.
Investment Philosophy
Each individual member has their own criteria, but the ideal company generally meets the following: intellectual property protection with a unique product or service with an innovative twist as a competitive advantage; a clear problem and solution; product is developed or near completion with existing or potential confirmed customers; ability to commercialize in large markets with potential for significant revenues and earnings in 3-7 years; clear understanding of competitors and key differentiators.
The organization is committed to fueling early-stage innovation and building a stronger entrepreneurial ecosystem.
Portfolio Examples
Arka, M Aerospace RTC, and Symphonie.ai
Betty's Co. (virtual healthcare platform), PrintNet3D (3D print workflow optimization), Darkhive (defense drones), ASR Systems (surgical retractors), Axicle (semi-truck rollover prevention), and Parlevel (first investment and first successful exit)
Alt-Bionics (prosthetics/bionic hands), Konargo (Mexico logistics), ColdCALR (AI sales training)
Geographic Bias
Companies can be located anywhere across the nation; however, a strong preference is given to early-stage companies located in San Antonio or Texas. Three-quarters of portfolio companies are based in Texas, with 44% in San Antonio, with additional investments in other regions of the U.S. and Latin America.
Overall Frictionless Insights
Proceed with coordinated Alamo Angels syndicate outreach.
Alt-Bionics is a top-quartile deal for this investor group—strong thesis alignment, validated traction, Texas roots, and a founder profile that resonates across the membership. The six investors profiled represent a potential syndicate commitment of $200K–$400K if Tier 1 and Tier 2 investors participate at typical check sizes.
Prioritize Luis Martinez and Mike Troy as anchor conversations. Their early commitment will accelerate the remaining syndicate close.
Alamo Angel Investor Matching Analysis
Profile
#
Investor Name
Mailgun / TechBloc / Infrastructure & Developer-Tools Background
1
Will Conway
Match %
86%
-
Match %: 86% 🟢 Strong Match
Will brings deep expertise in developer tools, infrastructure, and scaling systems from his Mailgun and TechBloc background. While his core thesis is software-first, Alt-Bionics' strong software control layer, firmware, and AI integration creates meaningful overlap. His typical check size ($25K–$100K) fits the round perfectly, and his Texas ecosystem connections strengthen the alignment.
Why This Works
Will values technical founders and engineering rigor—both hallmarks of Alt-Bionics. His operational and scaling expertise directly addresses the startup's manufacturing scale-up challenges. The company's strong traction (LOIs, patent protection, early robotics integrations) exceeds his typical early-stage requirements, reducing perceived risk for a hardware-adjacent investment.
How to Position the Pitch
Frame Alt-Bionics as "software-controlled robotics infrastructure" rather than leading with hardware. Emphasize the software stack, control systems architecture, and engineered reliability metrics. Position Will as a potential technical advisor—this increases both his enthusiasm and investment comfort.
Recommendation
Will Conway is a top-quartile syndicate candidate. He won't lead, but his value-add in technical architecture, team scaling, and TechBloc network access makes him a high-impact participant for this deal.
Geekdom Fund
2
Mike Troy
88%
-
Match %: 88% 🟢 Strong Match
Mike's Geekdom Fund thesis centers on AI/Robotics, deep-tech infrastructure, and HealthTech applications—Alt-Bionics sits squarely in his wheelhouse. His check size ($50K–$500K) accommodates a meaningful position in this round, and his Texas-first geographic focus is a perfect match for a San Antonio-based company.
Why This Works
Alt-Bionics' combination of robotics, AI, and firmware hits Mike's core investment interests directly. The startup's strong traction (LOIs, patents, robotics pipeline) aligns with his preference for de-risked early-stage deals. His hands-on founder support style and deep co-investor network can accelerate both capital raise and commercial partnerships.
How to Position the Pitch
Lead with the "firmware + robotics + AI" narrative, emphasizing Texas-based scalability. Address the $9M cap directly by framing IP protection, LOIs, and manufacturing strategy as justification. Position his participation as priming institutional interest while his network opens robotics/OEM doors.
Recommendation
Mike Troy should be a top priority investor—potential lead or major participant. His domain alignment is exceptional, and the valuation concern is mitigated by Alt-Bionics' strong traction. He's one of the highest-fit investors in the syndicate for this deal.
MGV Fund
3
Mariano Gonzalez
77%
-
Match %: 77% Conditional Fit
Mariano invests through MGV Capital with a preference for software-first companies at pre-seed to early seed stages, typically at $3M–$5M caps. Alt-Bionics' $9M cap and robotics-first positioning sit outside his core comfort zone, but strong traction and perfect Texas alignment keep him in consideration.
Why This Works
Geographic alignment is excellent—Mariano has strong Texas and LATAM interest. Alt-Bionics' traction (LOIs, patents) reduces the stage risk he'd normally avoid at Seed+. His check size ($25K–$50K) fits well into a syndicate structure, and his value-add in fundraising mechanics, ops optimization, and customer introductions can meaningfully support the company's growth.
How to Position the Pitch
Frame Alt-Bionics as "software-controlled robotics"—emphasize AI-guided actuation and firmware-controlled systems over hardware. Simplify the dual GTM into a clear two-phase path: prosthetics commercialization first, robotics scale second. Lead with the Texas founder story and show how his check becomes catalytic to hitting near-term milestones.
Recommendation
Mariano is a secondary or follow-on angel—not a lead. He's more likely to participate after deeper robotics/AI investors express interest and syndicate momentum is forming. Worth pursuing with tailored pitch materials, but prioritize Mike Troy and Will Conway first.
Capital Factory
4
Luis Martinez
93%
-
Match %: 93% 🟢 Excellent FIt
Luis invests through Capital Factory with a thesis centered on AI, deep tech, healthcare innovation, and robotics-adjacent systems. Alt-Bionics hits nearly every dimension of his investment criteria. His flexible valuation comfort ($5M–$10M caps for strong traction) accommodates the $9M cap, and his Texas-first geographic focus is a perfect match.
Why This Works
This is one of the strongest investor alignments in the syndicate. Alt-Bionics' robotics + AI + prosthetics positioning maps directly to Luis's thesis. The startup's traction (LOIs, IP, robotics pipeline) exceeds his validation requirements, and the Texas roots align with Capital Factory's flagship deal preferences. Beyond capital, Luis opens doors to the entire CF ecosystem—mentors, pilot programs, OEMs, robotics labs, DOD connections, and veteran clinic networks.
How to Position the Pitch
Lead with "Texas Deep-Tech Innovation"—Capital Factory loves deals that can become Texas flagship stories. Emphasize the dual-market path (prosthetics mission → robotics commercial scale) and show how modularity and cost efficiency reduce hardware risk. Frame the founder as a Texas deep-tech leader; Luis backs founders deeply, not just products.
Recommendation
Luis Martinez should be in the top tier of outreach—one of the top 3 strongest investors for this deal. His sector alignment, traction fit, geographic match, and value-add potential through Capital Factory make him a high-priority, high-potential relationship. Pursue immediately with tailored Texas deep-tech messaging.
Irys / CivicTech / AI for Social Infrastructure
5
Beto Altamirano
79%
-
Match %: 79% Moderate-Strong Fit
Beto invests through a CivicTech and social-impact lens, backing AI and frontline problem-solving technologies. While robotics hardware isn't his core thesis, Alt-Bionics' mission-driven prosthetics angle and AI integration create meaningful overlap. His check size ($25K–$100K) fits well, and Texas geographic alignment is perfect.
Why This Works
Beto is drawn to mission-driven founders and human-centric innovation—Alt-Bionics' prosthetics impact story resonates strongly with his values. The startup's traction (LOIs, patents) far exceeds his typical risk threshold, and the ethical tech positioning aligns with his investment philosophy. His emphasis on founder quality over pure commercial metrics makes the mission narrative a powerful lever.
How to Position the Pitch
Lead with mission: "Restoring human ability with patented robotics that lower the global cost of prosthetics." Highlight social-impact angles—veterans, low-income prosthetic access, accessibility innovation. Frame robotics in human terms rather than hardware features. Avoid heavy clinical/regulatory detail; stick to impact + innovation + accessibility themes first.
Recommendation
Beto is a worthwhile secondary target—not a lead, but an emotionally driven supporter who invests based on founder and story alignment. Pursue with a mission-first pitch after prioritizing core robotics/AI investors like Luis Martinez and Mike Troy.
Tech Bloc / 365 Retail Markets
6
Alfonso Garcia
83%
-
Match %: 83% 🟢 Strong Match
Alfonso invests through Tech Bloc with a focus on AI, automation, and RetailTech/marketplace innovation. Alt-Bionics' positioning at the intersection of robotics, AI, and automation aligns well with his thesis. His check size ($25K–$150K) fits the round structure, and his Texas/San Antonio geographic focus is a perfect match.
Why This Works
Alfonso's emphasis on disruptive tech and automation creates strong sector alignment with Alt-Bionics' AI-enabled robotics platform. His hands-on operational experience scaling 365 Retail Markets translates directly to the manufacturing and go-to-market challenges Alt-Bionics faces. Strong traction (LOIs, IP) reduces risk, and Texas regional fit maximizes his network value.
How to Position the Pitch
Lead with the automation + AI story: "Embedded AI robotics enabling modular prosthetics + humanoid systems." Emphasize Texas-based origins with global ambitions. Highlight how his operational and scaling experience from Tech Bloc and 365 Retail Markets can add meaningful value. Address valuation proactively—show how IP, production readiness, and LOIs support the $9M cap.
Recommendation
Alfonso García is a prominent syndicate target. His alignment across geography, sector, and value-add makes him a high-priority investor. Pursue alongside Mike Troy and Luis Martinez in the first tier of outreach.
Will Conway
Investor Match Analysis
Mike Troy
Investor Match Analysis
Mariano Gonzalez
Investor Match Analysis
Luis Matinez
Investor Match Analysis
Beto Altamirano
Investor Match Analysis
Alfonso Garcia
Investor Match Analysis