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Boynton Angels is a group of active investors interested in funding technology-based businesses within a 2-hour drive of Worcester, MA, that are seeking no more than $2M with minimal follow-on funding. The group generally looks for preferred equity investments and hopes to see an attractive return on investments within a 5 to 7-year period. Boynton Angels typically considers investments between $100,000 and $500,000. They also syndicate deals with other angel groups and will invest alongside private investors or venture capital firms. The group seeks early stage businesses that can realistically see their way to profitability within a 12- to 18-month time-frame. Boynton Angel members are a diverse group, with professional experience in over 15 different industries including biotech, consumer products, energy, manufacturing, software and telecommunications. Currently, the firm targets investments in the life sciences, energy, transportation, communications, and software industries. Two thirds of the members have invested as individual angels in over 25 different start-ups prior to joining Boynton Angels. Over 80% of the members have been founders, CEOs and/or presidents of companies and most have served on boards of directors.
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