A Guide to New England Angel Groups—The List

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 [email protected].

Angel Healthcare Investors
Newton, MA
617.630.0777
E-mail: [email protected]

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: [email protected]

Focused on seed-stage opportunities in Connecticut and the Northeast

Bay Angels
Cape Cod, MA
E-mail: [email protected]

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

Beacon Angels
Boston, MA
E-mail: [email protected]

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

Boston Harbor Angels
Boston, MA
E-mail: [email protected]

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: [email protected]

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: [email protected]

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: [email protected]

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: [email protected]
Chris Sheehan, managing director
E-mail: [email protected]

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: [email protected]

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: [email protected]

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: [email protected]

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

Granite State Angels
Hanover, NH
Fred Wainwright, executive director
E-mail: [email protected]

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: [email protected]

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: [email protected]

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: [email protected]

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: [email protected]

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: [email protected]

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: [email protected]

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

Author: Robert Buderi

Bob is Xconomy's founder and chairman. He is one of the country's foremost journalists covering business and technology. As a noted author and magazine editor, he is a sought-after commentator on innovation and global competitiveness. Before taking his most recent position as a research fellow in MIT's Center for International Studies, Bob served as Editor in Chief of MIT's Technology Review, then a 10-times-a-year publication with a circulation of 315,000. Bob led the magazine to numerous editorial and design awards and oversaw its expansion into three foreign editions, electronic newsletters, and highly successful conferences. As BusinessWeek's technology editor, he shared in the 1992 National Magazine Award for The Quality Imperative. Bob is the author of four books about technology and innovation. Naval Innovation for the 21st Century (2013) is a post-Cold War account of the Office of Naval Research. Guanxi (2006) focuses on Microsoft's Beijing research lab as a metaphor for global competitiveness. Engines of Tomorrow (2000) describes the evolution of corporate research. The Invention That Changed the World (1996) covered a secret lab at MIT during WWII. Bob served on the Council on Competitiveness-sponsored National Innovation Initiative and is an advisor to the Draper Prize Nominating Committee. He has been a regular guest of CNBC's Strategy Session and has spoken about innovation at many venues, including the Business Council, Amazon, eBay, Google, IBM, and Microsoft.