NextGen Angels raises $1M seed round

NextGen Angels, the D.C.-based network of mostly under-40 angel investors, is expanding.
As first reported by the Washington Business Journal, the group raised $1 million from 24 of its members, which will boost its expansion efforts in New York, Boston and beyond.
In a longer article, the Washington Post retraced the group’s founding:

Mindus traces the organization’s roots to a meeting of local investors in summer 2012. He had spent the past few years working for John May, one of the most well-known angel investors in the D.C. area (and today co-chairman of the World Business Angel Association) and had been invited to join a forum to discuss forming a new angel group in Washington.
“I looked around the room and saw 20 people age 60 or older, and two others who were in their 30’s,” Mindus said. “I pulled the two of them aside afterward and asked what they thought about an angel group for young investors. They asked where they could sign up.”