Finding Angel Funding In The East

1
www.cynthiakocialski.com
Finding Angel Funding In The East
2
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 invest in 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.
Finding Angel Funding In The East
3
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. 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.
Finding Angel Funding In The East
4
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.
Finding Angel Funding In The East
5
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 groups investments are in New
England. 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.
Finding Angel Funding In The East