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-
Baltimore-based Brown Advisory acquires NextGen Venture Partners
Kevin Plank, Paul Palmieri invest in crowdsourced high school sports scores
Startup founders need to stay positive: MissionTix CEO Greg Cangialosi
Building a data acquisition system? Don’t make this mistake
AccelerateBaltimore grad Allovue about to close $600K funding round
Baltimore Angels now on Facebook
Founders shouldn’t pitch investors just ideas: 500 Startups’ Paul Singh [Q&A]
How SmartLogic accelerated these startups’ product growth trajectories
Sign-up for daily news updates from Technical.ly Baltimore