Stages:

• Early
• Seed

 

Industries:

Communications & Networking

Information Technology

Life Sciences & Healthcare

Semiconductor

Software & Internet

 

Description:

The Band of Angels is a formal group of more than 150 former and current high tech executives who are interested in investing their time and money into new, cutting edge, startup companies. Since 1994, Band members have seeded 400+ companies, with 87 profitable M&A exits and 17 Nasdaq IPOs. Band members have founded companies such as Symantec, Logitech, and National Semiconductor and been senior executives at the likes of Sun Microsystems, Hewlett Packard, and Intuit. The group has invested more than $231 million. The group invests in the range of $300k to $750k, but often leads a syndication of $1-1.5M. Generally the group expects to own a third of the company for a $1M investment. The Band invests across all high technology categories, with the majority of these investments made in the seed or early round (Series A or B). The group also operates The Band of Angels Fund, LP, a $50M venture fund comprised exclusively of institutional partners. The fund co-invests exclusively in deals that are subscribed to by members of the Band of Angels. In 2009 the Band raised a 3rd side fund, called Acorn Fund, which caters to 'scrappy entrepreneurs who need just a little bit of capital.'

 

Funds:

Fund Name	Amount	Date
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