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Finding Angel Funding In The East The ARC Angel Fund is focused on early-stage start-ups located in New York, but will make investment in other areas of the Northeast and mid-Atlantic. They seek companies with an existing product and revenue. Companies should have rapid and high growth potential. The ARC Angel Fund provides an average investment per transaction between $50,000 to $250,000 in information technology, software technology, digital and mobile media, healthcare and services. The stages that ARC Angel Fund are interested in are startups and early stage companies that have a valuation below $5 million. The Astia Angels is interested in businesses that are led by women with fast and high growth potential. They have a branch in New York. Since its inception in 2013, the Astia Angels has provided 20 companies with over $5.7 million in funds. They investin seed to early stage companies. Their minimum investment is $25,000. The Astia Angels focuses on companies in technology, life science, services and products. Mid-Atlantic Bio Angels Group are only interested in life science companies that target an addressable market of at least $100 million. The company must have proof of concept and external validation. The product must be patentable and provide other barrier to entries. They prefer companies with a $5 million valuation and a strong management team. The Boston Harbor Angels are interested in early stage looking to raise between $250,000 and $1.5 million. They seek companies that can provide a return within 5 years. They require a $200 million or greater market and the company must show the potential to achieve $50 million in revenue with 4 years. They prefer breakthrough or first-of-a-kind products, and a strong management team. The Common Angels are based in Massachusetts. They offer funding for early stage information technology start-ups in the Northeast, primarily in the Boston area. With seed stage companies, their investments range between $100,000 and $500,000. Seed companies must have market validation. For early stage companies, they provide up to $1.5 million. The Eastern New York Angels focuses on companies in New York State. They fund early stage businesses with an average investment of $150,000 and have the potential for as a merger or acquisition target within 3-5 years. They are focused on companies in large and rapidly growing markets. Companies must have at least a proof of concept completed. eCoast Angel Network is located in New Hampshire. It offers anywhere between $250,000 and $2 million for companies that are in the early or seed stage focused primarily in healthcare, e-commerce, products, technology and services. For more info please visit cynthiakocialski.com
The Empire Angels focuses on early stage technology companies led by young entrepreneurs in New York City. The investments are seed and early stage companies. Start-ups must be able to generate revenue within 12 months. The Empire Angels provide between $50,000 and $350,000 of funding. The Executive Forum Angels invest in companies of a wide variety of industries in stages between A through C. The average investment is $28,000. Start-ups need to show that they have some current market traction. The Hub Angels Investment Group is the oldest investment group in Boston. They focus on companies in the seed to early stages in industries such as mobile, internet, software, ecommerce, web services, media, life sciences and hardware. They invest between $250,000 and $500,000. Companies must be at least a year old, have at least a beta version of their product, and some market validation. They expect companies to address a large market and have a defensible technology. Start-ups should have a clear exit strategy and be about to reach it for less than a total of $10 million in funding. The Landmark Angels reside in Connecticut but invest in companies located throughout the Northeast. They provide funding for the period between seed funding stage and institutional equity funding. The prefer companies engaged in large markets, and have ‘must have’ or disruptive products. The Landmark Angels are interested in a variety of industries such as biotechnology, software, clean tech, medical devices, consumer products, networking, media and entertainment, and financial services. The Landmark Angels funds provide between $100,000 and $2 million. The Launchpad Venture Group is a Boston group and only funds companies in the Boston area. They are interested in early stage technology companies. The group focuses on high tech, green space, financial services, healthcare, and life sciences. The Launchpad Venture Group provides funding between $250,000 and $1 million. The Long Island Angels Network invests in companies with a home on Long Island, New York. They seek early stage companies with innovative products and a strong intellectual property position. They prefer businesses with a strong management team that has track record of performance and leadership. Funding is between $500,000 and $2 million. The Maine Angels provides startup funds between $1,000 and $50,000 for small businesses located throughout Maine between early to mid-stage. The organization is focuses on companies with a strong management team in place, an exit strategy and a market that has potential for growth. The Ocean State Angels group is located in Rhode Island and provides funds for companies in the medical and life sciences. They prefer seed to early stages either pre-revenue or revenue companies. The Ocean State Angels group provides financial and business mentorship in addition to funds between $250,000 and $750,000. The bulk of the group’s investments are in New England. For more info please visit cynthiakocialski.com
The Piedmont Angel Network invests in companies located in North Carolina, South Carolina, and Virginia. They provide between $500,000 and $2 million for companies. The Piedmont Angel Network is interested in are life science, technology, software and advanced materials. The Rochester Angel Network is based in Rochester, New York. They offer funding to companies in the early stages and prefer a highly scalable business. They expect a clear exit strategy with 4 to 7 years. Companies should have reach $10 million in revenue. The network invests between $250,000 and $2 million. The network is interested in companies that are in the medical, clean tech, energy and life science industries. The Tribeca Angels network is based in Tribeca, New York. They prefer investments based in New York and provide between $250,000 and $500,000 of funding. Companies should be pre-series A, seed or early stage. They seek companies that already have proof of concept for the business model, i.e. product, customers and revenue. They have a preference for game-changing or disruptive products. The Upstate Angels provide funding to start-ups within a 4-hour drive radius of Greenville, South Carolina. They provide funding between $150,000 and $1 million. Companies are expected to show the ability to exceed $20 million in revenue with 5 years. The businesses need a strong team, prepared exit strategy, and relevant industry experience.
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