
Angel
Investing Academy
Learn to Source and Assess, with Confidence.
Angel Investing Academy (AIA) is a 7-week cohort-based program endorsed by Alma Angels, and is designed to provide foundational knowledge for aspiring and emerging angels. You’ll learn the fundamentals of early-stage investing, practise evaluating real-world startup pitches, and receive:
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hands-on practice with real case studies
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curated network of execs, founders, & angels
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frameworks, tools, & resources to guide decisions
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community of like-minded peers to learn together
We’re excited to offer a safe, collaborative environment led by experts from venture capital, finance, and high-growth startups. Our next cohort starts February 2026. Sign-up below to receive more information.
"The Hive Angel Investing Academy is a carefully built program taught by experienced angels & ecosystem leaders. A rare opportunity to learn from those who have been there, done that."
- Roxane Sanguinetti,
Founding Partner, Alma Angels
Program Summary
Whether you're new to angel investing or looking to refine your strategy, AIA equips you with the tools and insights to build confidence.
Week 1
The What
Basics of Angel Investing - what is angel investing, how to think about it, how it differs from other types of investment, risk profiles in this asset class - Introduction to the program, team and participants
Investment Instruments - priced equity rounds, ASA/SAFEs, CLN, Crowdfunding
*Advanced Elective: Scaling up your investment track record - Investment macrotrends and strategically spotting opportunities and how to act on them
The Why
Week 2
Creating Your Personal Investment Thesis - how to determine your areas of interest and focus; how to leverage your expertise and network to design a personal thesis
Sourcing Deal Flow & Syndicates - how to build relationships with people/ groups who can refer deals to you, incl. country specific angel networks
Opportunity Assessment & Scorecards - Types of startups, commercial model, team, market sizing
*Advanced Elective: Aligning and managing your portfolio to your investment goals
Week 3
The Numbers
Financials and Unit Economics - what to look for in the numbers and what do they mean
Valuations, Returns, and Exits - how to think through valuations, benchmarking as well as how to evaluate possible exits
Legal Frameworks and Term Sheets - demystifying legal terms associated with fundraising
*Advanced Elective: How to build a Syndicate
The How
Week 4
Due Diligence - role of a lead investor and how to do your own diligence
Evaluation Methods Against Thesis & Strategy - a toolkit for evaluating deals in a disciplined fashion
Impact Investing - how to balance commercial and impact needs, when evaluating an opportunity
*Advanced Elective: Building your own VC fund
Week 5
Do It Well
Biases in Fundraising - deconstructing the biases that lead to poor outcomes for female founders and how to be an anti-bias investor
Managing the Investment Process - best practices for running investment meetings in a way that equally support you (the investor) and the founder
*Advanced Elective: How to add value and influence as an investor through board roles, governance, advisory roles and more
Mock Week
Week 6
Mock Investment Experience & Quiz
Put everything you learned into practice with sample businesses.
Demo Day
Week 7
Demo Day + Group Discussion
Watch a curated demo day with women-led startups. Put your newly acquired skills into action through active group discussions with your peer network.
Meet the team
“We built AIA to demystify investing, diversify who gets to write checks, and show that access to great founders isn’t exclusive — it just takes a sharper lens."
The Hive Founders Team
Program Cost
Includes all sessions, materials, live events, and extended support
£2,500
per seat (paid in two 50% installments)



