A Guide to New England Angel Groups—The List
Angel capital groups have become a vital part of the New England innovation ecosystem, investing millions each year in promising startups in fields from energy to Web 2.0 to life sciences to non-technology related areas. For an overview of what makes local groups different from their national counterparts—what they invest in, how much they invest, how big they are, and more—click here. For a few specifics on each one of the 20 active groups we’ve tracked down, read on.
We no doubt have missed some folks, so please leave a comment below to fill us in on other angel groups, or e-mail us updates at [email protected]
Does early-stage investments in healthcare services, biotechnology and life sciences, and medical device companies
Focused on seed-stage opportunities in Connecticut and the Northeast
Funds startups in Cape Cod and the Islands, Southeastern Massachusetts, and Rhode Island
Typically invests between $100,000 and $300,000 in small but fast-growing startups
Invests in firms seeking to raise between $250,000 and $1.5 million. Portfolio includes medical devices, IT, consumer products, business products, specialty materials, Internet, aviation, and more.
Makes seed- and expansion-stage investments in firms within a two-hour radius of Worcester, MA. Target fields: life sciences, energy, transportation, communications, and software
Invests between $250,000 and $1 million in seed- and early-stage New England firms in information technology, cleantech, software, services, and medical devices
Invests between $100,000 and $500,000 in companies within a two-hour drive of Providence.
Does early stage software and technology investing. Prefers to take part in Series A rounds of between $500,000 and $5 million
Invests in advanced technology, e-commerce, healthcare, and industrial products and services. Targets firms in the New Hampshire coastal region
Perhaps the newest angel fund in the region, it formed last year to invest in diverse fields—and to invest nationally rather than regionally (web site, link above, was “coming soon” as of this writing)
Invests in women-led ventures in tech and non-tech.
Provides funding of between $250,000 and $1.5 million in early and later-stage New England companies (Wainwright is executive director of the Center for Private Equity and Entrepreneurship at Dartmouth’s Tuck School of Business)
Maintains a diversified portfolio that includes investments in financial services, entertainment, retail, biotechnology, healthcare, water treatment, food technology, and digital audio.
This network of angels invests in energy and the environment, media and education, food and organics, health and wellness, and community and international development
Invests between $100,000 and $500,000 in wide variety of tech and life sciences firms
Makes small investments of between $50,000 and $250,000. Has a diversified portfolio in tech and non-tech areas.
The group seeks investments in life sciences startups that are looking to raise between $250,000 and $3 million.
Invests $250,000 to $1.5 million in early and later-stage companies throughout New England
Typically invests between $250,000 and $1 million in both early and later-stage firms within two-hour drive of Springfield, MA.
Focuses on information technology companies. Investment target: $250,000 to $1 million
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