Startups
Baltimore Angels / Investing

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.

Before you go...

Please consider supporting Technical.ly to keep our independent journalism strong. Unlike most business-focused media outlets, we don’t have a paywall. Instead, we count on your personal and organizational support.

Our services Preferred partners The journalism fund
Engagement

Join our growing Slack community

Join 5,000 tech professionals and entrepreneurs in our community Slack today!

Trending

‘Racist rhetoric leads to attacks’: Asian Americans and lawsuit plaintiffs take on the TikTok ban

Inside Maryland’s latest effort to support emerging businesses

This Week in Jobs: The kernel of a new career is in these 20 tech opportunities

Technically Media