Broad Street Angels
Broad Street Angels, founded in 2016, is an investment group based in Philadelphia that has invested nearly $7.75 million in various startups across sectors like healthcare, finance, technology, and real estate.
History
Broad Street Angels was founded in the Spring of 2016. Since its inception, the group has become a significant player in the investment community, providing substantial financial support to early-stage companies across various sectors. The organization has consistently grown its investment portfolio, reflecting its commitment to fostering innovation and growth.
Investment Activity
Broad Street Angels has invested nearly $7.75 million in 30 companies since 2017. In 2021, the group invested $1.68 million in six new companies and four follow-on rounds. In 2022, they further increased their investment, allocating $2.1 million to ten startups and six existing portfolio companies. These investments range from $25,000 to $1 million, underscoring their flexibility in supporting a diverse array of business needs.
Industry Expertise
The members of Broad Street Angels hail from a wide range of industries, including healthcare, finance, technology, and real estate. This diverse expertise allows the group to provide not only financial backing but also valuable insights and guidance to the companies they invest in. The collective knowledge of its members strengthens the network and enhances the potential for the success of their portfolio companies.
Strategic Partnerships
Broad Street Angels has a history of co-investing with other reputable groups, such as Ben Franklin Technology Partners and BioAdvance. These strategic partnerships enable them to leverage additional resources and expertise, thereby amplifying the impact of their investments. Such collaborations enhance their ability to support startups and early-stage companies more comprehensively.
Monthly Meetings
Broad Street Angels holds monthly meetings at the Union League of Philadelphia. These meetings serve as a forum for members to review investment opportunities, discuss current investments, and strategize future activities. The regularity of these meetings reflects the group's structured approach to investment and its commitment to ongoing engagement and decision-making.