Comparison · 13 material differences
Angel Capital Association vs Level 20
This comparison was generated on request from the records. It carries no editorial verdict and is not indexed. The published comparisons are listed on the compare page.
Read down each column for one organization, across a row for the difference. A bronze mark at the left of a cell means the organizations differ on that row. A dash or “not published” means the organization does not disclose the fact — it is not a zero.
Verified September 2026
Professional association
Verified September 2026 Angel Capital Association
Individual accredited angel investors, organised angel groups, angel funds, family offices investing in private companies, equity crowdfunding platforms, and ecosystem…
Networking organization
Level 20
People working in European private equity and venture capital, with the mission focused on women in investment roles
What the records say
- Accredited-investor status — Angel Capital Association: Individual membership is aimed at accredited angel investors; online equity marketplace platform members must be comprised of accredited investors; Level 20: No published accredited-investor status.
- Geographic restriction — Angel Capital Association: No published geographic restriction; Level 20: In-person programming is concentrated in Europe.
- Industry restriction — Angel Capital Association: No published industry restriction; Level 20: Must work in private equity or venture capital, or at a firm that supports the industry.
- Annual dues — Angel Capital Association: $310 a year; Level 20: £0 a year.
Side by side
| Angel Capital Association | Level 20 | |
|---|---|---|
| Profile | ||
| Type | Professional association | Networking organization |
| Founded | 2004 (Formed out of four Angel Organization Summits convened by the Ewing Marion Kauffman Foundation in 2002 and 2003. One business directory gives 2005; 2004 is the date recorded on Wikipedia and in ACA's own account of its origins.) | 2015 (Launched in the UK in 2015 by twelve co-founders, all senior women in European private equity and private markets) |
| Headquarters | Overland Park, United States | London, United Kingdom |
| Geographic footprint | United States, with some international members; ACA also serves as the US representative to the World Business Angels Association | Thirteen chapters covering 20 European countries; the team is based in London |
| Members | 15,000as of September 2026 | 7,250as of September 2025 |
| Chapters | ACA has no chapters. Its 250+ member angel groups and platforms are independent organisations that join as institutional members. | 13 |
| Primary audience | Individual accredited angel investors, organised angel groups, angel funds, family offices investing in private companies, equity crowdfunding platforms, and ecosystem organisations such as accelerators and universities | People working in European private equity and venture capital, with the mission focused on women in investment roles |
| Typical member | Individual members are accredited angel investors, most of whom belong to one of ACA's member angel groups and are automatically included through that group's membership. Institutional members are angel networks, funds, family offices and platforms. | Members work in private equity and venture capital or in firms that support the industry, at all seniority levels. Membership is open to both women and men, who participate as members, speakers, mentors and research contributors. The organisation's stated goal is increasing the representation of senior women, particularly in investment roles. |
| Qualification | ||
| Accredited-investor status | Individual membership is aimed at accredited angel investors; online equity marketplace platform members must be comprised of accredited investorsACA states that membership is available to individual angels, accredited platforms, angel group investors and family offices. It does not publish a separate verification procedure for individual members.verified September 2026 · source ↗ | No published accredited-investor status |
| Geographic restriction | No published geographic restriction | In-person programming is concentrated in EuropeLevel 20 operates 13 chapters across 20 European countriesverified September 2026 · source ↗ |
| Industry restriction | No published industry restriction | Must work in private equity or venture capital, or at a firm that supports the industryMembership is open to both women and men at any seniority levelverified September 2026 · source ↗ |
| Invitation required | No | No |
| Sponsor required | No | No |
| Application process | Applicants complete an online application, agree to the ACA Member Code of Conduct and pay annual dues for the relevant category. Online equity marketplace platforms are asked to contact the membership team rather than self-serve. Individual investors who belong to a member angel group are enrolled through that group. | Individuals complete a membership application form in the member portal; there is no fee, sponsorship or interview. Firms wishing to sponsor contact Level 20 through its Get in Touch page. Members are then matched to relevant programming by role, seniority, sector, strategy and firm type; mentoring places are allocated by cohort through the chapter committees. |
| Selectivity | Not publicly disclosed. Admission is by application and code-of-conduct agreement rather than by selection; ACA publishes no rejection or acceptance data. | Not publicly disclosed for general membership, which appears to be open. The mentoring programme is described as highly sought after but no acceptance figures are published. |
| Cost | ||
| Annual dues | $310 a yearIndividual Investor membership, "starting at $310". Members of ACA angel groups are automatically included.verified September 2026 · source ↗ | £0 a yearIndividual membership is free. "Level 20 membership is free for all those working in private equity and venture capital, or in firms that support the industry" — Annual Review 2025verified September 2026 · source ↗ |
| Event costs | Not publicly disclosed. ACA's annual summit carries a registration fee that is not published on the membership pages.verified September 2026 | Level 20 is funded by sponsor firms rather than member dues. |
| Membership term | Annual | Not documented |
| Structure | ||
| Meeting frequency | Annual summit held in a different city each year, plus webinars and education programming through the year | Local professional development and networking events run by each chapter, plus international conferences and online sessions |
| Peer forums | Peer group syndication channels rather than confidential peer forums | Volunteer-run chapter committees organise local activity; mentoring runs as one-to-one pairings and group cohorts |
| Confidentiality | Members agree to the ACA Member Code of Conduct; no separate confidentiality regime is published | Could not be independently verified — no published confidentiality policy was found |
| Time commitment | Not documented | Not documented |
| Organized as | Event-focused, Virtual | Chapter-based, Event-focused, Cohort-based |
| Confidential peer forums | Partial | Partial |
| Local chapters | No | Yes |
| Virtual membership | Yes | Yes |
| Online community | Yes | Yes |
| Member directory | Yes | Partial |
| Events | Yes | Yes |
| Programming | ||
| Educational programming | Yes | Yes |
| Leadership development | Partial | Yes |
| Retreats | No | No |
| Travel | No | No |
| Family programming | No | No |
| Spouse and partner programming | No | No |
| Next-generation programming | No | Partial |
| Investment discussions | Yes | Partial |
| Investment opportunities | Yes | No |
| Philanthropic component | No | No |
| Networking emphasis | High | High |
| Social emphasis | Low | Medium |
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Sources
Drawn from the sources listed on each page: Angel Capital Association · Level 20