According to data from Angel Capital Association, there are 254 registered angel investor groups and many more unregistered. Unfortunately, not all angel investor groups are actively making investments. As a business owner, I know reaching out to angel investor groups who are inactive can be frustrating. So, I compiled a list of the top angel investor groups sorted by investment activity from Pitchbook to help increase your chances of raising money.
What is an angel investor group?
An angel investor group is a group of angel investors who invests collectively rather than individually in startups and early-stage businesses.
Top Angel Investor Groups
1. Keiretsu Forum
- Website: https://www.keiretsuforum.com/
- Number of investments (2022): 181
- Investment focus: None specified.
- Notable investments: Soteria, OKR Financial, Enduralock, Spinal Simplicity, Playtable, and StreamDx.
2. Phoenix Investment Club
- Website: https://www.phoenixclub.vc/
- Number of investments (2022): 61
- Investment focus: Founders with a Harvard Business School education.
- Notable investments: Minimum, Prophone, Salarybook, BoldVoice, and Onboard.
3. Sand Hill Angels
- Website: https://www.sandhillangels.com/
- Number of investments (2022): 43
- Investment focus: Seed - Series B technology startups.
- Notable investments: Rares, Trash Warrior, The Guild, GetLabs, MasonHub, and MoviePass.
4. Groove Capital
- Website: https://www.groovecap.com/groove-capital-minnesotas-first-check-fund
- Number of investments (2022): 34
- Investment focus: Companies based or operating in Minnesota.
- Notable investments: Leah Laboratories, Bloom Standard, Adapt Fitness, and Base.
5. Hyphen Capital
- Website: https://www.hyphencap.com/
- Number of investments (2022): 30
- Investment focus: Asian American founders.
- Notable investments: Vimcal, Runway, Modern Loop, Italic, Flow Club, Mighty Health, and Slope.
6. IU Ventures
- Website: https://iuventures.com/
- Number of investments (2022): 30
- Investment focus: Indiana University-affiliated startups.
- Notable investments: Doxly, MBX Biosciences, Periodic, Stagetime, and Probari.
7. Alex and Bart Angel Fund
- Website: https://www.alexandbartangelfund.com/
- Number of investments (2022): 29
- Investment focus: $50K-$150K checks in early-stage startups – mainly in the future of digital health, fintech, and enterprise SaaS.
- Notable investments: Lula, CommandDot, Heard, Pogo, Alaffia Health, Koyfin, and more.
8. Alliance of Angels
- Website: https://www.allianceofangels.com/
- Number of investments (2022): 27
- Investment focus: Companies headquartered in the Pacific Northwest, which includes the US states of Washington, Oregon, Idaho, Montana, Alaska, and the Canadian province of British Columbia.
- Notable investments: DocuSign, Clarisonic, Kaskada, Elemental, and Impel Neuropharma.
9. Spacestation Investments
- Website: https://www.spacestationinvestments.com/
- Number of investments (2022): 26
- Investment focus: None specified.
- Notable investments: Magic Spoon, Oura, SpaceX, OLIPOP, Nodal Power, Kraken, and Sundays.
10. Todd and Rahul's Angel Fund
- Website: https://www.toddandrahulangelfund.com/
- Number of investments (2022): 22
- Investment focus: None specified.
- Notable investments: Clearbit, Mercury, Levels, Coda, Circle, Eight Sleep, Secureframe, Dapper Labs, and Tandem.
11. VITALIZE
- Website: https://www.vitalize.vc/
- Number of investments (2022): 20
- Investment focus: Pre-seed startups in The Work Revolution, defined as people-first, data-driven, category-defining businesses in the future of work.
- Notable investments: Airia, Lunch Payments, Hound, Balloon, and Lectrium.
12. Pax Momentum
- Website: https://www.paxmv.com/angels
- Number of investments (2022): 18
- Investment focus: None specified.
- Notable investments: Mosaic IP, Chezie, Lara Health, Gentian, Jetdocs, and Navengage.
13. Park City Angels
- Website: https://www.parkcityangels.com/
- Number of investments (2022): 18
- Investment focus: Mostly companies based in Utah with a valuation between $4M - $6M, but will consider out-of-state deals.
- Notable investments: Lula, Skill Struck, Conbody, Novi Security, Literal, and Panoptic Security.
14. NuFund (formerly Tech Coast Angels)
- Website: https://nufund.com/
- Number of investments (2022): 17
- Investment focus: Mainly invest in technology (software, hardware, cleantech, mobile, etc.) and life science (biotech, medical devices, pharma, genomics, diagnostics, digital health, etc.) companies.
- Notable investments: Trio Pharma, KEEPWOL, Duo Oncology, Perceptive Medical, and Ichor Vascular.
15. Pure Imagination Brands
- Website: https://www.pureimaginationbrands.com/
- Number of investments (2022): 16
- Investment focus: None specified.
- Notable investments: August, Alva Health, Happy Money, Fulton, Fama, Intro, and Lalo.
16. Urban Capital Network
- Website: https://urbancapitalnetwork.com/
- Number of investments (2022): 16
- Investment focus: None specified.
- Notable investments: Calm, GrubMarket, Roofstock, SpaceX, Return Logic, and Greenroom.
17. New York Angels
- Website: https://www.newyorkangels.com/
- Number of investments (2022): 15
- Investment focus: $100K - $1.5 million checks in early-stage companies.
- Notable investments: Bombas, Clarity Money, Eight Sleep, Grin, Gust, and Payoneer.
18. E8
- Website: https://www.e8angels.com/
- Number of investments (2022): 15
- Investment focus: Early-stage clean tech companies.
- Notable investments: ESS Inc., Earthly Labs, UbiQD, Focal Technologies, and Blue Ocean Gear.
19. Flucase Ventures
- Website: https://www.flucasvc.com/
- Number of investments (2022): 14
- Investment focus: None specified.
- Notable investments: Databricks, Brex, AngelList, Turing, Rescale, Alto Pharmacy, and Yummy.
20. Walnut Ventures
- Website: https://www.walnutventures.com/
- Number of investments (2022): 14
- Investment focus: Early-stage tech companies.
- Notable investments: AdStash, Agile Devices, Moxie Scrubs, Paerpay, Folia Health, and Wyebot.
21. Miami Angels
- Website: https://www.miamiangels.vc/
- Number of investments (2022): 14
- Investment focus: US-based, post-launch SaaS-enabled companies.
- Notable investments: Caribu, Mathison, Usko, Vedia, Wellerz, Classwallet, and Byte Chek.
22. Nebraska Angels
- Website: https://www.nebraskaangels.org/
- Number of investments (2022): 14
- Investment focus: Companies in the Greater Midwest Area.
- Notable investments: Superb, Vesta, swishBOOM, Alpaca, Fast Foward, and Aspero Medical.
23. Angeles Investors
- Website: https://angelesinvestors.com/
- Number of investments (2022): 12
- Investment focus: Hispanic and Latinx ventures.
- Notable investments: Finix, Popwallet, Poppy, Ordermark, Storybook, STOPWATCH, and Circular.
24. Launchpad Venture Group
- Website: https://www.launchpadventuregroup.com/
- Number of investments (2022): 11
- Investment focus: New England-headquartered early-stage science or tech-driven startups.
- Notable investments: 7AC, Cabbige, InBoxer, Cimcon, Parkloco, Tally Street, and Tikatok.
25. Arizona Tech Investors
- Website: https://arizonatechinvestors.com/
- Number of investments (2022): 11
- Investment focus: Information technology and life science startups.
- Notable investments: Qwick, YellowBird, Light Deck, Anuncia, and Virtuous.
26. Accelerate Venture Partners
- Website: https://www.avpict.com/
- Number of investments (2022): 11
- Investment focus: Early-stage companies in Wichita and the Midwest.
- Notable investments: Artio Medical, Compression Works, Clara Biotech, Greenfield Robotics, and Sunny Period.
27. Broadway Angels
- Website: https://www.broadway-angels.com/
- Number of investments (2022): 11
- Investment focus: None specified.
- Notable investments: BetterUp, Ganaz, Launch Factory, Outreach, Writer, and GridGain.
28. 37 Angels
- Website: http://www.37angels.com/
- Number of investments (2022): 10
- Investment focus: None specified.
- Notable investments: Aunt Flow, Gem, Nayya, Stryx, Loopie Laundry, Kinsa, HeyJane, and Ideapod.
29. The Garage
- Website: https://t16e.com/
- Number of investments (2022): 10
- Investment focus: None specified.
- Notable investments: Muncher, XOR, Allocations, Trax Retail, Allset Technologies, Tanium, Rappi, Klarna, and Coursera.
30. Venture South
- Website: https://venturesouth.vc/
- Number of investments (2022): 10
- Investment focus: Early-stage companies in the Southeast.
- Notable investments: Booster, Gradient Health, Fenris Digital, Emergo Therapeutics, and Redbud Labs.
31. Atlanta Technology Angels
- Website: https://angelatlanta.com/
- Number of investments (2022): 10
- Investment focus: Early-stage companies in the Southeast.
- Notable investments: CareTrack, Viva Finance, Wripple, Collector Dash, and ARMR.
32. Ag Venture Alliance
- Website: https://www.agventuresalliance.com/
- Number of investments (2022): 10
- Investment focus: Ag-tech companies.
- Notable investments: Rowbot, FloMetrix, Once Innovations, Agricen, Holganix, and Power Pollen.
33. HealthTech Capital
- Website: https://healthtechcapital.com/
- Number of investments (2022): 9
- Investment focus: HealthTech Solutions including Providers, Payers, Pharma, Patients, or Self-Insured Employers.
- Notable investments: Omada, Wildflower, S2 Genomics, Avive, Madorra, and Cionic.
34. Life Science Angels
- Website: https://www.lifescienceangels.com/
- Number of investments (2022): 9
- Investment focus: Life science companies.
- Notable investments: MoMelan, N Spine, Nanostim, Axsome Therapeutics, Carmenta Bioscience, and Appa Health.
35. Band of Angels
- Website: https://www.bandangels.com/
- Number of investments (2022): 9
- Investment focus: Seed-stage technology and life science companies.
- Notable investments: Sherpa Digital Media, VoiceBase, Life360, Limeade, Novacept, and Keynote Systems.
36. CAV Angels
- Website: https://cavangels.com/
- Number of investments (2022): 9
- Investment focus: University of Virginia affiliated companies.
- Notable investments: Outlogic, Knit, Contraline, CarpeDM, DataClassroom, and O'MY Foods.
37. Channel Angels
- Website: https://www.channelangels.com/
- Number of investments (2022): 9
- Investment focus: SMB technology startups.
- Notable investments: Brelyon, Chattr, Banzai, Clientbook, Evo Security, Flexbase, and Ybot.
38. Oregon Sports Angels
- Website: https://oregonsportsangels.org/
- Number of investments (2022): 9
- Investment focus: Sports companies.
- Notable investments: OddLot, Heroclip, Ao Air, Looptworks, Hitcheck, Preem, TopCourt, Tennibot, and Uplift Labs.
39. R-Squared Ventures
- Website: https://www.r2vc.com/
- Number of investments (2022): 9
- Investment focus: Open to all, but mainly focused on Fintech, Enterprise/SMB SaaS, Marketplaces, and Digital Commerce.
- Notable investments: Akeneo, Mesh Payments, Immunai, Finout, Slice, TaxJar, and Boards.
40. Astia Angels
- Website: https://www.astia.org/
- Number of investments (2022): 9
- Investment focus: Women-led companies.
- Notable investments: Loowatt, Repurpose, Poshly, Tivic Health, SoapBox, Ellevest, and Full Harvest.
41. Supply Chain Ventures
- Website: https://supplychainventure.com/
- Number of investments (2022): 8
- Investment focus: Supply chain and data analytics companies.
- Notable investments: Placester, Foxtrot Systems, Shipmonk, RPA Labs, Covalent, and Prism.
42. City Side Ventures
- Website: https://citysideventures.com/
- Number of investments (2022): 8
- Investment focus: None specified.
- Notable investments: Pathware, Sample Serve, Cask & Kettle, PassiveBolt, Clicktivated, and Upswing Health.
43. Tribeca Angels
- Website: https://www.tribecaesp.com/
- Number of investments (2022): 8
- Investment focus: Checks between $1 - $2 million to Series A or pre-A companies.
- Notable investments: Alloy, Extend, MasterClass, Policy Genius, and Scholar Me.
44. Hyde Park Angels
- Website: https://hpa.vc/
- Number of investments (2022): 8
- Investment focus: Midwest startups.
- Notable investments: Chowbus, Dispatch, ShipBob, Havoc Shield, Branch, Elate, and Partyslate.
45. Robin Hood Ventures
- Website: https://www.robinhoodventures.com/
- Number of investments (2022): 8
- Investment focus: $250K - $1 million checks.
- Notable investments: Core Solutions, Proscia, OWIT Global, WizeHive, Grassroots Unwired, and LIA Diagnostics.
46. Goose Capital
- Website: https://www.goose.capital/
- Number of investments (2022): 7
- Investment focus: None specified.
- Notable investments: Outrider, BrainCheck, Mand Labs, MolecularMatch, and Drylet.
47. Oxford Angel Fund
- Website: https://www.oxfordangelfund.com/
- Number of investments (2022): 7
- Investment focus: Startups founded by Oxford Alumni.
- Notable investments: Apero Health, Avela, Proof, The Companion, Uprise, Walker Brothers, and Dropel.
48. K Street Capital
- Website: https://www.kstreet.vc/
- Number of investments (2022): 7
- Investment focus: None specified.
- Notable investments: Airside, Arcadia Power, Galley, Frey, Legends of Learning, RideScout, and Venga.
49. Red Door Capital Partners
- Website: https://reddoorcp.com/
- Number of investments (2022): 7
- Investment focus: Education, healthcare, and technology companies.
- Notable investments: PrimaHealth Credit, accessibleGO, The Plug, and Greenscreens.ai
How to join an angel investing group
If you are interested in joining an angel investing group, here are some steps you can take:
- Research: Start by researching angel investing groups in your area. Look for groups that focus on the industries or sectors that interest you.
- Attend events: Attend events hosted by angel investing groups to learn more about their culture and investment process. This will also allow you to network with other members.
- Reach out: Contact the group's leadership or a member you may know to express your interest in joining the group. They may provide you with an application or set up a meeting to discuss your goals and investment strategy.
- Understand the financial commitment: Angel investing groups usually require members to commit to the group's fund. Ensure you understand the financial commitment and are comfortable with the investment amount.
- Apply: If you decide to join the group, submit your application and any required financial documents. The group will review your application and let you know if you have been accepted.
- Attend meetings and participate: Once you are accepted, attend meetings and participate in the group's investment decisions. This will help you build relationships with other members and learn from their experiences.
Remember that joining an angel investing group can be a great way to diversify your investment portfolio and gain access to promising startups. However, it's essential to do your due diligence and only invest what you can afford to lose.
