Angel Investor Groups

We've compiled a list of U.S. angel networks. Because many angel groups limit their investments to a particular geographical area, we've divided the list into eight regions: Pacific Northwest, Southwest, Mid-Atlantic, Northeast, North Central, California, South, and Midwest. There is also a category for those groups that consider investments anywhere in the country.
National Networks
Pacific Northwest
Southwest
Mid-Atlantic
Northeast
North Central
California
South
Midwest

FYI: This information is only intended to be a starting point in your search for financing, so please be sure to do your own due diligence before sending your plans, ideas, and/or other personal information to any of the groups listed. Additionally, if you know of a network that should be added to this directory or spot any incorrect information, please E-mail Burke Franklin

NATIONAL NETWORKS

ACE-Net
(The Angel Capital Electronic Network)
ACE-Net was developed by the U.S. Small Business Administration's Office of Advocacy. Only entrepreneurs who can sell security interest in their companies can enroll. There is an annual fee to enroll -- fees vary by state. To find the ACE-Net branch in your state, go to http://acenet.csusb.edu
Primary Interest(s):
Although companies can raise up to $5 million in financing with ACE-Net, the network may be most helpful to companies seeking up to $1 million.
Requirements:
Certain businesses cannot list on ACE-Net. These include businesses involved in the oil or gas industries, sole proprietorships, general or limited partnerships, joint ventures, and blank-check or development-stage companies.
Average investment range:
$250,000 to $5 million
Number of angels/investors in the network:
360

Contact:
ACE-Net
Dan Mitchell, President
1895 Post Road
Fairfield, CT 06430
203-392-5881
danmitchell@ace-net.org

BankOfAngels Will find angel investors for no fee, only a percentage of the funds acquired.

Angel Investment Groups in the Philly Region Venture Capital Firms, Incubators, & Accelerators and Angel Investment Groups in the Philly Region. These investors typically invest between $50,000 and $50,000,000 in new ventures. Review each site to determine what each firm likes to invest in.

Angels With Attitude
Angels With Attitude has a committed pool of capital that they call an "active angel fund." They invest in geographic areas where they have members. That includes primarily the West Coast from Vancouver, BC, to San Diego and the East Coast from Boston to Washington, DC. Angels with Attitude invests in clean and renewable energy and conservation, environmental technology, clean and sustainable transportation, healthy and organic foods and natural products, and education -- all things that contribute to sustainability.
Primary Interest(s):
Seed and early-stage ventures that are economically, environmentally and socially sustainable.
Requirements:
E-mail an Executive Summary to the E-mail address below, and you will be notified if they want to take a look at your complete plan.
Average investment range:
$75,000 to $250,000
Number of angels/investors in the network:

25
Contact:

Angels With Attitude
Kristin Martinez
6541 36th Ave. SW
Seattle, WA 98126
206-932-3850
kristin@activeangels.com

Investors' Circle
Nonprofit national network of angel investors, foundation officers and entrepreneurs. Business that are reviewed by Investors' Circle members must fall into at least one of the following interest areas: community development, education, environment and energy, health, and women or minority-led business.
Primary Interest(s):
Socially responsible deals.
Average investment range:
$10,000 to $6.5 million
Number of angels/investors in the network:
130+
Contact:
Investors' Circle
One Coleridge Street, Suite B
San Francisco, CA 94110
415-641-0204
inbox@investorscircle.net

The Tribe of Angels
A group of Jewish industry leaders who invest in companies primarily in the United States and Israel. Operates as a business network and angel group. A select number of start-ups are selected for presentation to investors, and deals that do not qualify for presentation may still be eligible to network with investors and other businesspeople in the group. Currently has operations in Boston, California, Chicago, Connecticut, New York, and Israel.
Primary Interest(s):
High tech and biotechnology.
Average investment range:
$50,000 to $1 million
Number of angels/investors in the network:
300+
Contact:
Paul Allen
San Francisco, CA
paul@tribeofangels.com
415-710-0801

Gathering of Angels
Established in October 1996. A monthly meeting of private, high-net-worth investors that provide seed-level financing to start-up and early-stage firms. Since October 1996, the group has had more than 130 entrepreneurial companies present in Santa Fe alone, in front of a group that averages 30 to 50 per evening. Twenty-nine companies have received some level of funding, two firms have done up-mergers into a public shell, and three have received venture-capital funding.
Primary Interest(s):
Invests in companies nationwide. Currently has investor groups based in Atlanta, Dallas, Hilton Head, Houston, Pebble Beach, San Francisco, Santa Fe, Scottsdale, and St. Louis.
Average investment range:
$10,000 to $150,000
Contact:
Tarby Bryant
505-982-3050
tbryant@nm.net

PACIFIC NORTHWEST

Portland Area Angel Network
PAN will consider hearing presentations from companies based in Oregon and Clark County, Washington. The group meets quarterly to hear presentations from 3 to 4 selected companies. Companies wishing to be considered must go through the screening process. PAN is affiliated with the Oregon Entrepreneurs Forum, a nonprofit organization providing educational and networking opportunities to entrepreneurs, service providers, and investors.
Primary Interest(s):
Companies in high-growth industries, with a clear exit strategy.
Average investment range:
$500,000 to $2,000,000
Number of angels/investors in the network:
100
Contact:
Portland Angel Network
c/o Oregon Entrepreneurs Forum
222 NW 5th Suite 308
Portland, OR 97209
503-222-2270
PAN@oef.org

Alliance of Angels
Founded in 1997, the Alliance of Angels uses an online, members-only site to view business plans submitted by new technology companies. Selected companies have the opportunity to present their business plan to Alliance of Angels investor members at a monthly meeting. Companies must be headquartered in the Pacific Northwest, which includes Alaska, Idaho, Montana, Oregon, Washington, and lower British Columbia. There is no cost for the submission or screening of business plans.
Primary Interest(s):
Companies that submit their plans must be in the early stage of growth (premezzanine round) and must be technology companies.
Requirements:
Do not mail your business plan by ordinary mail. Entrepreneurs must submit their plans via the Alliance of Angels online Web form.
Average investment range:
$100,000 to $2 million
Number of angels/investors in the network:
140
Contact:
Alliance of Angels
1301 5th Ave.
Suite 2500
Seattle, WA 98101
206-389-7258 or 206-389-7321
info@allianceofangels.com

Vancouver Enterprise Forum Angel Technology Network
A group of 20 to 30 high-technology CEOs and executives who meet monthly to hear two or three 15-minute business presentations by start-up technology entrepreneurs. It's private and informal and looks only at companies in British Columbia. First meeting held in 1999.
Primary Interest(s):
Entrepreneurs seeking investments in the low to mid six-figure range. Submit executive summaries via the group's Web site.
Average investment range:

Typical angels invest in the $100K+ range
Number of angels/investors in the network:
20 to 30 per meeting
Contact:
SFU TIME Centre
Mike Volker
7400-515 W. Hastings St.

Vancouver, BC V6B 5KS
604-683-5357
mike@volker.org

SOUTHWEST

Arizona Angels
Formed in 1999, Arizona Angels invest only in Arizona-based companies. They consider themselves very opportunistic and will consider deals that involve pre-VC equity, bridge loans, management buyouts, or acquisitions. To date, members have invested more than $3.5 million in six companies.
Primary Interest(s):
High-growth companies beyond the seed or start-up stage that need capital to demonstrate a business proof of concept, in order to then attract venture capital or a strategic acquirer.
Requirements:
No real estate or mining companies need apply. Strongly prefer to be contacted via E-mail.
Average investment range:
$500,000 to $1.5 million
Number of angels/investors in the network:
100+
Contact:
Arizona Angels
Greg Cobb, Managing Director
7000 E. Shea Blvd, # F1840
Scottsdale, AZ 85254-5261
480-922-1455
gcobb@arizonaangels.com

The Desert Angels
Will consider start-up or early-stage companies in any industry.
Contact:
The Desert Angels
Jerry Sonenblick, President and CEO
1037 S. Alvernon
Tuscon, AZ 85711
520-977-8198

MID-ATLANTIC

Tri-State Investment Group
Invests only in early- or mid-stage companies that are based in North Carolina, South Carolina, or Virginia. Since 1990, has invested $25 million in 40 companies.
Primary Interest(s):
Information technology, telecommunications, biotechnology, and industrial technology.
Average investment range:
$150,000 to $500,000
Number of angels/investors in the network:
150
Contact:
Tri-State Investment Group
405 Tramore Drive
Chapel Hill, NC 27516
jnewton-tig@mindspring.com

WomenAngels.net
WomenAngels.net is a group of women investors, but it's not required that companies be woman owned in order to apply for funding. The group meets monthly and primarily participates in the first institutional round of funding for companies based in Maryland, Virginia, and Washington, DC. WomenAngels.net has invested in companies in a variety of industries, including software, IT, biotech, and health care.
Primary Interest(s):
Companies with high-tech component, an experienced and dedicated management and advisory team, and in a market where the company has the opportunity to become a leader.
Requirements:
WomenAngels.net does not invest in companies in the real estate or retail industries. They also do not invest in seed-stage or start-up companies.
Average investment range:
$250,00 to $750,000
Number of angels/investors in the network:
85
Contact:
WomenAngels.net
Kris McDevitt
1054 31st St.
NW Suite 110
Washington, DC 20007
202-342-1627
info@womenangels.net

Private Investors Network (PIN)
A program of the Mid-Atlantic Venture Association. PIN members review a monthly mailing of executive summaries submitted by entrepreneurs. Three summaries are selected each month, and those three entrepreneurs present their plans at a monthly breakfast meeting. Entrepreneurs pay a fee to participate.
Primary Interest(s):
Early- and seed-stage companies in any industry. Companies must be based in Maryland, Virginia, or Washington, DC.
Average investment range:
$500,000 to $2 million
Number of angels/investors in the network:
120
Contact:
Private Investor's Network
John May, Executive Director of the PIN
402 Maple Ave. West
Vienna, VA 22180
703-255-4930

NORTHEAST

Walnut Venture Associates
Walnut Venture Associates is a Boston-based group that focuses on information-technology companies. Group members have been the founders of 20 companies and the CEOs of more than 20 companies, have invested in more than 225 private companies, and have been members of the boards of directors of more than 125 companies.
Primary Interest(s):
Seed- and early-stage companies in New England only. Prefer to have executive summaries sent to them via E-mail.
Average investment range:
$250,000 to $1,500,000
Number of angels/investors in the network:
22
Contact:
info@walnutventures.com

Common Angels
Named after the city's historic public meeting grounds, CommonAngels® is a group of 50 leading private investors and three dozen limited partners in our co-investment fund. Our members have founded, cofounded or run high-tech companies. Since 1998, we have worked closely with early stage software companies in the Northeast, funding 22 with over $25 million of our funds and $90 million from other ivnestors.
Primary Interest(s):
Early-stage software companies in the Northeast.
Requirements:
Prefer not to receive full business plans (or anything else for that matter) in hard copy. Use E-mail instead.
Average investment range:
$250,000 to $2 million
Number of angels/investors in the network:
50 private investors; three dozen limited partners
Contact:
CommonAngels
One Cranberry Hill, Suite 6
Lexington, MA 02421
781-274-9124
info@commonangels.com

Vermont Investors Forum Inc.
A nonprofit corporation that holds annual forums and introduces angel investors to early-stage Vermont businesses. At each forum, 10 to 12 small Vermont businesses are selected to present business plans. Forums may be attended by invitation only.
Primary Interest(s):

Only invests in companies located in Vermont.
Average investment range:
$100,000 to $500,000
Number of angels/investors in the network:
600
Contact:
Vermont Investors Forum
Melissa Fogel
c/o Green Mountain Capital
25 Cross Road, Suite 3
Waterbury, VT 05676
Missy@gmtcap.com
802-244-8981

Gould & Co.
No Web site
Invests in companies based in the Northeast, preferably in New England.
Primary Interest(s):
Companies that are emerging into large markets.
Average investment range:
$100,000 to $2 million
Number of angels/investors in the network:
400+
Contact:
Gould & Co.
86 Front St.
Merrimack, NH 03054
603-429-1631
gouldcapital@aol.com

Maine Angels
Maine Angels was formed in 2003, and typical angel/venture capital returns without industry restrictions. They prefer to invest in companies with beta-tested products or lead customers.
Primary Interest(s):
Have a preference for companies closer to home but are open on a case-by-case basis to syndication or collaboration regionally and nationally.
Average investment range:
$100,000 to $2 million
Number of angels/investors in network:
12
Contact:
Submit executive summaries to applications@mailangels.org; for general information e-mail info@maineangels.org
.
Tri-State Private Investors Network
In the past five years, Tri-State PIN members have invested in more than 50 start-up and early-stage companies. Businesses in which they have invested include Internet infrastructure software related to the gaming industry, mobile, wireless communication services for field service personnel, real estate, software, electronics manufacturing, microbreweries, theater, restaurants, and travel. Run by Ellen Sandles, founder and executive director, the group is based in New York.
Primary Interest(s):

Early-stage companies from the Northeast through the Mid-Atlantic region.
Requirements:
Don't call or send snail mail. Send E-mail only, preferably straight from the website, where the application process is explained. Entrepreneurs who meet Tri-State PIN specifications are contacted by telephone; those who do not meet criteria are e-mailed an evaluation form with explanations, and if possible, recommendations to assist the entrepreneur.
Average investment range:
$500,000 to $2 million
Number of angels/investors in the network:
30
Contact:
For more information, please contact via the Tri-State PIN website, www.angelinvestorfunding.com
.
njangels@njen.com

Tech Valley Angel Network (TVAN)
TVAN angels invest in early-stage businesses in northeastern New York and adjacent western New England. Register and complete a business review form on the TVAN Web site for consideration.
Primary Interest(s):

TVAN is interested in all types of businesses that demonstrate a good investment opportunity with a reasonable chance to succeed.
Average investment range:
$50,000 to $1 million
Number of angels/investors:
20+
Contact:
Tech Valley Angel Network
Rensselaer Technology Park
250 Jordan Road
Troy, NY 12180
518-283-5385
info@techvalleyangels.com

NORTH CENTRAL

Valley Angels Investment Group LL
No Web site
Invests in companies in Illinois, Iowa, Minnesota, and Wisconsin.
Primary Interest(s):
Science technologies, other technologies, manufacturing and processing.
Average investment range:
$500,000 to $1 million
Number of angels/investors in the network:
16
Contact:
Valley Angels Investment Group LLC
Richard Leazer
2215 South Oneida St., Suite 500
Green Bay, WI 54303
608-832-6365
contact@vaig.org

The Meyering Corp.
No Web site
Primary Interest(s):
Manufacturing technology and new patents.
Average investment range:
$250,000 to $1.5 million
Number of angels/investors in the network:
24
Contact:
The Meyering Corp.
20630 Harper Ave., Suite 103
Harper Woods, MI 48225
313-886-2333
cmeyering@ameritech.net

CALIFORNIA

Fast Angels
Invests primarily in companies in Silicon Valley. Seeks out technology entrepreneurs focused on helping business "act faster, act smarter."
Primary Interest(s):
Seed-round financing in companies with less than a $2.5-million valuation. Submit business ideas via the Web site.
Average investment range:
$50,000 to $1 million
Number of angels/investors in the network:
12
Contact:
Web site only. (See link above.)

The Angels' Forum
Invests in companies based in the Silicon Valley and San Francisco Bay Area. Portfolio companies have come from a wide variety of industries, including consumer products, enterprise software, industrial products, Internet and E-commerce, medical devices and services, networking technologies, pharmaceutical, semiconductors, telecommunications, and wireless. Most start-up companies come to the group prescreened through professional contacts in the banking, investment, and legal fields.
Primary Interest(s):
Companies specializing in disruptive technologies.
Average investment range:
$100,000 to $750,000
Number of angels/investors in the network:
25
Contact:
The Angels' Forum
PO Box 1605
Los Altos, CA 94023-1605
650-857-0700
inquiries@AngelsForum.com

The Sacramento Angels
The Sacramento Angels is a group of individuals who invest in early-stage Northern California companies. The group meets once a month over dinner and listens to presentations from candidate companies. If some members show interest in a presenting company, the group facilitates their efforts to share further due diligence.

techcoastangels@aab949.com

Silicon Valley Band of Angels
One of the earliest angel networks, founded in 1995. Invests across all high-technology categories. The vast majority of investments have been made in the seed or early round (Series A or B). As of December 2000, the group had placed $82.6 million into more than 132 start-up companies.
Primary Interest(s): Silicon Valley-based high-tech start-ups.
Average investment:$1 million
Number of angels/investors in the network: 150
Contact:
Band of Angels
3130 Alpine Road
Suite 200-7003
Portola Valley, CA 94028
415-441-2887
info@bandangels.com

CVBI Angel Investor Network
(Central Valley Business Incubator)
Accepts applications only from businesses in California's Central Valley region.
Average investment range:
$10,000 to $500,000
Contact:
CVBI Angel Investor Network
2555 Clovis Ave.
Clovis, CA 93612
559-292-9033
kfurtado@csufresno.edu

Sierra Angels
Preference for businesses located in Nevada, California, or other nearby locations. Looks for companies offering unique products with proprietary technology.
Primary Interest(s):
Northern Sierra-based companies.
Average investment range:
$500,000 to $2,000,000
Contact:
Sierra Angels
PO Box 3215
Incline Village, NV 89450-3215
775-831-7804
Send E-mail to the most appropriate address:
Software@sierraangels.com
Computing_Communications@sierraangels.com
HealthSciences@sierraangels.com
Internet@sierraangels.com
OtherTech@sierraangels.com

SOUTH

The Texas Angels
Invests only in Texas-based companies. Meets monthly in Austin during the spring and fall. The group is coordinated by the Capital Network.
Primary Interest(s):
Early-stage companies in the high-tech sector.
Average investment range:
$500,000 to $2,500,000
Contact:
The Texas Angels
3925 West Braker Ln.
Suite 406
Austin, TX 78759
512-305-0840
angels@ati.utexas.edu

Network for Business Angels & Investors
Has invested in 51 companies since 1995.
Primary Interest(s):
Traditional companies with good technology and technology companies.
Investment range:
$100,000 to $3 million
Contact:
Network of Business Angels & Investors
Jerry Martin
3873 Roswell Road
Suite 4
Atlanta, Georgia 30342-4431
404-261-2434
nbai@bellsouth.net

Houston Angel Network
Invests in wide range of industries, from seed through A-round financing. Will consider investing in Texas-based companies and companies willing to relocate to Houston from other states.
Primary Interest(s):
Technology and life sciences.
Average investment range:
$500,000 to $2 million

MIDWEST

Prairie Angels
Prairie Angels is a non-profit, action oriented private group of accredited investors committed to investing in early stage companies. Our goal is to match funding for seed stage (angel round) investors with start up entrepreneurs and their businesses in the Midwest.


Other Angel Groups

The Idealflow Angel Fund The Idealflow Angel Fund LLC is an early stage venture capital group composed of and run solely by angel investors. This organized group of angels focuses on nurturing high-growth businesses that are developing innovative products and services in the information and electronic technology areas.

The Entree Investor Service Network The Entree Network of active and retired Fortune 500 executives works with management and investment groups involved with technology and other start-up late and early stage companies in their implementation of strategic partnering plans, acquisitions, mergers, sales, management and venture funding approaches and needs. Individual private investors as well as venture capital firms, investment banks and investor groups provide consulting and possible sources of financing for clients.

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