The Baltimore Angels recently surpassed $5 million in overall investment, according to numbers released by the six-year-old early-stage investment group
The milestone comes as members of the group invested $4 million in startups over the last two and a half years. Since 2012, investor membership has grown from 30 to 50 members. The group meets once a month to hear pitches. Companies are usually after the “friends and family” round, and pre-seed stage.
“We want to lead in Baltimore not only as a premier source of angel investment capital, but also as a mentorship and advisory resource for Baltimore’s many innovators and entrepreneurs,” said Greg Cangialosi, Baltimore Angels cofounder and current co-chairman.
So far in 2015, the Baltimore Angels have invested $1.7 million. Members of the group have invested in the following companies this year: Citelighter, Yet Analytics, Clean Plates, Link Labs, Moonlighting, MPower, Sensics, Sickweather, Solution Design and Virgil Security.
The group also recently hired a full-time employee. Venture for America fellow Michael Tucker, who is a Baltimore native, is now working full-time as director of operations. And they also have a new website.-30-
David Hall of Revolution looks beyond New York and Silicon Valley
Village Capital cofounder Victoria Fram is the first guest on ‘Off the Sidelines,’ our new investor education podcast
Introducing ‘Off the Sidelines,’ a new podcast series about startup investing
Baltimore-based Brown Advisory acquires NextGen Venture Partners
Sign-up for daily news updates from Technical.ly Baltimore