The Union League's angel fund pumped $1 million into 5 startups - Technical.ly Philly

Business

Jan. 25, 2018 10:59 am

The Union League’s angel fund pumped $1 million into 5 startups

During its first year investing, Broad Street Angels received applications from over 125 ventures and heard 30 pitches.

The investor group is based out of the Union League on Broad Street.

(Courtesy photo)

Angel investing group Broad Street Angels, based out of the tony Union League of Philadelphia, came out of stealth mode right around this time last year and set out to find early stage startups to back.

A year later, after reviewing around 125 online pitches, the company has deployed $1 million in capital to five Philly-are startups, including realLIST honoree NeuroFlow. Also backed by the group in 2017 were internet-of-things company FischerBlock, medical device maker ZSX, State College–based INDIGO Biosciences and Baltimore-based cybersecurity startup Huntress Labs.

Ben Franklin Technology Partners CEO RoseAnn Rosenthal, a seasoned investor with a background in economic development by way of PIDC, is chair of the Broad Street Angels. She says the investor the group grew from the original 10 founding members to a crew of 80.

“Deal opportunities presented themselves quickly as word spread within the angel investment community in the Mid-Atlantic region,” Rosenthal said. “During the Broad Street Angels’ first year, over 125 companies applied through our website to be considered for an invitation to make a presentation at our monthly meetings.”

The group, whose typical deal size is in the six-figure range, has three startups drop by the Union League every month to pitch. Investors must be active members of the Center City club.

“We’re thrilled with this strong start and look forward to a robust year two,” the investor said.

Companies: Union League
-30-
JOIN THE COMMUNITY, BECOME A MEMBER
Already a member? Sign in here
Connect with companies from the Technical.ly community
New call-to-action

Advertisement

Why this Radnor-based VC firm thinks impact investing is on the rise

Philly startups need more early-stage investments to compete

Carisma Therapeutics raised nearly $60M in Series A funding. Now what?

SPONSORED

Philly

Meet these 10 hiring companies at Super Meetup

Philadelphia

Perpay

UX Designer

Apply Now
Chesterbrook, PA

Deacom

Inside Sales Representative

Apply Now
Horsham, PA

Penn Mutual

Product Owner/Business Transformation Specialist

Apply Now

PA Biotech Center just announced a $50M investment fund and accelerator

A 3D geospatial product is spinning out as its own company with $5M Series A raise

This financial services firm wants to help millennials and Gen Xers manage their money

SPONSORED

Philly

Verizon is looking for the brightest ideas on how to use its 5G technology

Center City

Inspire

Member Experience Specialist

Apply Now
Philadelphia, PA

Perpay

Frontend Engineer

Apply Now

Sign-up for daily news updates from Technical.ly Philadelphia

Do NOT follow this link or you will be banned from the site!