The Union League's investing club backed these startups with $2.2M - Technical.ly Philly

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Jan. 17, 2019 11:15 am

The Union League’s investing club backed these startups with $2.2M

The 2018 report from Broad Street Angels says it reviewed over 150 companies, ultimately backing a group of seven.

The Union League.

(Photo by Flickr user Susan, under a Creative Commons license)

Broad Street Angels, the angel investing group based out of social club Union League of Philadelphia, invested $2.2 million into seven startups in 2018.

“I’m pleased to see that our dynamic brand as a serious and active player is becoming more widely known in the regional angel investing community leading to a larger number of higher quality opportunities becoming available to our members,” said RoseAnn Rosenthal, who chairs the organization.

Most recently, the group joined Houwzer’s $4.5 million seed extension round. Marketing startup Social Ladder, eureQa, Stel, Zive and ZSX were the other startups to get backing from the group, which first came into existence in January 2017.

Rosenthal noted that during 2018, some 154 companies applied to pitch the group through its website, with over 30 startups eventually getting into the investors’ monthly get-together.

All told, the group is comprised of 91 individual members, all of whom are also members of the Union League.

Organizations: Union League
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