Baltimore Angels has now invested over $5 million in area startups - Technical.ly Baltimore

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Nov. 3, 2015 8:02 am

Baltimore Angels has now invested over $5 million in area startups

New stats from the local group of investors — plus a full-time hire and a new website.

The lead image on Baltimore Angels' new site.

(Screenshot)

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.

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