9 Best Angel Investor Groups for Startups
Last Updated on December 30, 2022 by Selina Parker
If you are a startup looking for funding, angel investors may be the right option. Angel investors are individuals with a high net worth who can provide startups with capital in exchange for equity.
This blog post will discuss some of the best angel investor groups. We will also provide tips on finding an angel investor that is right for your business.
What is an angel investor?
Angel investors invest their own money in early-stage or high-growth startups. They typically have a high net worth and are willing to risk a portion of their assets to help young companies grow. Angel investors provide capital in exchange for equity, which means they become shareholders in the company.
The Angel Capital Association (ACA) is the largest angel group organization, and they have over 14,000+ angels that are part of their angel investment network. Many angel investor groups have different criteria for the type of company they invest in and how much money they want to contribute per investment.
Why angel investors?
Angel investors can be a great source of capital for startups. They often have a lot of experience in business and can offer valuable advice to young companies. Angel investors can also help get a startup’s products or services in front of new customers. The only challenge is landing one of these angel investors.
Best Angel Groups for Your Startup
1. Tech Coast Angels
This angel investment group based in Los Angeles is among the most popular angel groups in the United States. It provides funding to startups across all industries focusing on technology and life sciences, including biotech companies.
Tech Coast Angels comprise more than 263 angel investors focused on helping entrepreneurs succeed.
Ideal for:
- Tech Startups
- Biotech Startups
- Life Sciences startups
Number of Angels: 263
What they provide:
- Provides connections
- Knowledge
- Mentoring
- Operational assistance
2. Hyde Park Angels
Hyde Park Angels is a Chicago-based angel investor network headed by 133 investors. To participate, applicants must clearly understand what the grant is for and where they will use it. Funding is typically available in the Midwest for startups in the seed and early phases of industrial technology, information technology, and financial services industries.
Ideal for:
- Seed and early-stage startups
- IT startups
- Healthcare startups
Number of Angels: 133
What they provide:
- Mentorship
- Education
- Resources through blogs
3. Golden Seeds
Angel investment firm Angel Seeds is located in New York City and provides early-stage startup funding exclusively to female-founded and led businesses. The angel investing group has 300+ angels specializing in consumer products, tech, and software industries.
Ideal for:
- Women-owned or women-led startups
- Startups in the consumer goods industry
- Software and electronic startups
Number of Angels: 300+
What they provide:
- Mentorship
- Education
- Resources through blogs and podcasts
4. Alliance of Angels
The Alliance of Angels is a Seattle, Washington-based investment firm with over 140 angels. The organization finances more than $10 million in about 20 firms each year and offers significant mentorship.
Ideal for:
- Startups in the early stages
- Northwest-based startups
- IT startups
Number of Angels: 140+
What they provide:
- Mentorship
- Resources through a blog and the group
5. Pasadena Angels
In Altadena, California, the Pasadena angel investment group was founded in 2000 by angel investors with many years of experience. The angel group is known for its excellent track record and provides funding to early-stage companies, particularly those starting or scaling up quickly.
Ideal for:
- Business ventures based in California
- Seed-stage startups
- Scalable companies
Number of Angels: 100+
What they provide:
- Funding
- Mentorship
- Resources
6. New York Angels
The New York Angels is an angel investment group of 99 angels with prior experience as entrepreneurs, CEOs, VCs, and corporate executives. This angel investment group can provide the maximum amount of money is $750,000.
Ideal for:
- Startups in the Northeast
- Startups in the early stage
- Tech startups
Number of Angels: 140+
What they provide:
- Capital
- Counseling and Mentorship
- Connections
7. Robin Hood Ventures
Since its inception in 1999, Robin Hood Ventures has invested in early-stage, high-growth firms on the road to creating world-class enterprises. Investments start at $250,000 and go up to $1 million in their network. They are made possible through the involvement of venture capitalists, institutions, and other angels.
Ideal for:
- Early-stage to high-growth
- IT industries
- Enterprise startups
- Life and physical sciences industries
Number of Angels: N/A
What they provide:
- Funding
- Mentorship
8. Life Science Angels
The mission of this not-for-profit organization is to provide financial assistance for healthcare, biotech, and life science businesses through the contributions of senior executives and entrepreneurs from organizations that have been important in the field.
Ideal for:
- Bio/Genomics
- Medical Devices
- Digital Medicine
Number of Angels: 130-150
What they provide:
- Funding for healthcare, biotech, and life science companies
- Mentorship
- Resources
9. North Coast Angel Fund
The North Coast Angel Fund is a Cleveland-based angel investment organization with 180 investors. The Midwest Angels is a group that focuses on investing in midwestern businesses, with more than $60 million invested to date. They have a seed-stage fund as well as an acceleration program.
Ideal for:
- Startups from the Midwest
- Tech startups
- SaaS startups
Number of Angels: 180+
What they provide:
- Mentorship
- Access to intellectual capital
Bottomline
Venture capital firms, angel investor groups, corporate investors, and accelerators can be great resources for startups looking for funding. When researching which group to approach, it’s essential to consider the stage of your business, industry, and location.
But remember that the world of angel investing is not that easy. The Securities and Exchange Commission is particular about how angel investors can communicate with startups. It is why we recommend angel investment groups over angel investors themselves.
An initial public offering (IPO) is a significant event. It’s the first time that shares of the company are available to be traded publicly, which can lead to an influx of capital and increase your firm’s exposure.
Find angel investors that are right for you and your business. These accredited investors will help you in raising capital for your business. So get yourself funded now!
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