A Guide to New England Angel Groups—The List

3/11/08Follow @bbuderi

Angel capital groups have become a vital part of the New England innovation ecosystem, investing millions each year in promising startups in fields from energy to Web 2.0 to life sciences to non-technology related areas. For an overview of what makes local groups different from their national counterparts—what they invest in, how much they invest, how big they are, and more—click here. For a few specifics on each one of the 20 active groups we’ve tracked down, read on.

We no doubt have missed some folks, so please leave a comment below to fill us in on other angel groups, or e-mail us updates at editors@xconomy.com.

Angel Healthcare Investors
Newton, MA
617.630.0777
E-mail: info@hcangels.com

Does early-stage investments in healthcare services, biotechnology and life sciences, and medical device companies

Angel Investor Forum
East Hartford, CT
Elizabeth Karter, 
Executive Director
E-mail: lkarter@kartercapital.com

Focused on seed-stage opportunities in Connecticut and the Northeast

Bay Angels
Cape Cod, MA
E-mail: cbyron@bayangels.net

Funds startups in Cape Cod and the Islands, Southeastern Massachusetts, and Rhode Island

Beacon Angels
Boston, MA
E-mail: candidates@beaconangels.com

Typically invests between $100,000 and $300,000 in small but fast-growing startups

Boston Harbor Angels
Boston, MA
E-mail: info@bostonharborangels.com

Invests in firms seeking to raise between $250,000 and $1.5 million. Portfolio includes medical devices, IT, consumer products, business products, specialty materials, Internet, aviation, and more.

Boynton Angels
Worcester, MA
E-mail: plan@boyntonangels.com

Makes seed- and expansion-stage investments in firms within a two-hour radius of Worcester, MA. Target fields: life sciences, energy, transportation, communications, and software

Breakfast Club of New Hampshire
Nashua, NH
E-mail: investors@angelbreakfastclub.com

Invests between $250,000 and $1 million in seed- and early-stage New England firms in information technology, cleantech, software, services, and medical devices

Cherrystone Angel Group
Providence, RI
E-mail: info@cherrystoneangelgroup.com

Invests between $100,000 and $500,000 in companies within a two-hour drive of Providence.

CommonAngels
Lexington, MA
781.274.9124
James Geshwiler, managing director
E-mail: james@commonangels.com
Chris Sheehan, managing director
E-mail: chris@commonangels.com

Does early stage software and technology investing. Prefers to take part in Series A rounds of between $500,000 and $5 million

eCoast Angel Network
Portsmouth, NH
E-mail: ecoastangels@comcast.net

Invests in advanced technology, e-commerce, healthcare, and industrial products and services. Targets firms in the New Hampshire coastal region

ECS Angels
Bar Harbor, ME
207-288-0428 or 513-265-1309
Charles Sidman
E-mail: CSidman@EvolutionaryManagement.com

Perhaps the newest angel fund in the region, it formed last year to invest in diverse fields—and to invest nationally rather than regionally (web site, link above, was “coming soon” as of this writing)

Golden Seeds
Cos Cob, CT; Boston, MA
Stephanie Hanbury-Brown, managing director
E-mail: shb@goldenseeds.com

Invests in women-led ventures in tech and non-tech.

Granite State Angels
Hanover, NH
Fred Wainwright, executive director
E-mail: wainwright@granitestateangels.com

Provides funding of between $250,000 and $1.5 million in early and later-stage New England companies (Wainwright is executive director of the Center for Private Equity and Entrepreneurship at Dartmouth’s Tuck School of Business)

Hub Angels
Brookline, MA
E-mail: info@hubangels.com

Maintains a diversified portfolio that includes investments in financial services, entertainment, retail, biotechnology, healthcare, water treatment, food technology, and digital audio.

Investors’ Circle
Brookline, MA
617.566.2600

This network of angels invests in energy and the environment, media and education, food and organics, health and wellness, and community and international development

Launchpad Venture Group
Wellesley, MA
E-mail: info@launchpadventuregroup.com

Invests between $100,000 and $500,000 in wide variety of tech and life sciences firms

Maine Angels
Portland, ME
E-mail: info:maineangels.org

Makes small investments of between $50,000 and $250,000. Has a diversified portfolio in tech and non-tech areas.

Mass Medical Angels
Boston area
Richard Anders
E-mail: info@massmedangels.com

The group seeks investments in life sciences startups that are looking to raise between $250,000 and $3 million.

North Country Angels
Montpelier, VT
Fred Wainwright
E-mail: wainwright@northcountryangels.com

Invests $250,000 to $1.5 million in early and later-stage companies throughout New England

River Valley Investors
Hadley, MA
413-241-7285
Paul G. Silva, co-manager
E-mail: paul@rivervalleyinvestors.com

Typically invests between $250,000 and $1 million in both early and later-stage firms within two-hour drive of Springfield, MA.

Walnut Venture Associates
Wellesley Hills, MA
E-mail: info@walnutventures.com

Focuses on information technology companies. Investment target: $250,000 to $1 million

Bob is Xconomy's founder and editor in chief. You can e-mail him at bbuderi@xconomy.com, call him at 617.500.5926. Follow @bbuderi

By posting a comment, you agree to our terms and conditions.

  • http://www.maineangels.org Christopher Speh

    Thanks for the list, but please update the following: Maine Angels is based in Portland, Me. Thanks.

  • http://www.xconomy.com/author/wroush/ Wade Roush

    Correction made. Thanks, Christopher. We welcome all updates, corrections, and additions to this list.

  • http://www.rivervalleyinvestors.com Paul G. Silva

    Like Chris, thank you for the listing, but please update the following: phone number=413-241-7285