(Photo via LinkedIn)
Since social entrepreneur incubator Halcyon launched an angel investment group last August, the angel network has made its first two investments, totaling $630,000.
Halcyon Angels invests in startups with social good models to drive social impact. The investor group is comprised of members across the DMV who are all accredited investors as defined by the U.S. Securities and Exchange Commission. Halcyon Angels’ website doesn’t disclose the investors that are a part of its network, but Halcyon reported last year that the group plans to grow to 50 to 70 members over the next three years. Halcyon Angels is led by Director Dahna Goldstein, a senior fellow at downtown D.C.-based think tank New America.
The local investor network has invested $230,000 into Cambridge, Massachusetts-based Solstice and $400,000 into Richmond, Virginia-based MajorClarity.
Women-led Solstice developed a community solar initiative to make solar energy more accessible. The six-year-old startup led by CEO Steph Spiers, an alum of the Halcyon Incubator, plans to use this funding to take its community solar model to more neighborhoods. Solstice recently closed a $3.3 million seed round and has raised $7.4 million in venture capital to date, according to the Washington Business Journal.
Led by CEO Joe Belsterling, MajorCharity is the curator of an online platform for schools looking to streamline administrative tasks, spark lesson plan ideas for teachers and provides tools for students looking to get on the right career path. The six-year-old company works with thousands of K-12 schools across the United States.
Entrepreneurs interested in securing some funding for their ventures can apply to pitch at a Halcyon Angels pitch meeting.
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