Saint Louis, MO. The
recently expanded Arch Angels network invested $5.6 million in 16 new and
existing startups in 2012, the largest number of companies the Arch Angels has
ever funded in a single year. This additional funding brings the total
investments the network has made in its eight-year history to more than $31.5
million in 37 companies.
In 2012, the Arch Angels invested $3.3 million in
nine new early-stage companies hailing from the life sciences and technology
industries. They invested an additional $2.3 million in seven companies they
had previously funded.
The Arch Angels network also saw an increase
in membership in 2012, growing its base by nearly 43 percent from the prior year, from 47 members in 2011 to 67 today, creating a more robust source of funds for emerging entrepreneurs. This growth is due, in part, to a merger with
local financial services technology angel investing group FinServe Tech Angels.
The two organizations joined forces on Sept. 1 to further strengthen angel
investing in the St. Louis region.
“The growth
of our organization and in the number of investments we’ve made over the past
year have been reflective of the growing support for the entrepreneurial base
in our region,” noted Gil Bickel, chairman of the St. Louis Arch Angels. “We
continue to see new high-quality investment opportunities and previously funded
companies maturing and advancing their business models, contributing to the
record number of investments this past year and catapulting us past the $30
million mark.”
“We have much to be proud of as a group,” notes
Bickel. “We have helped to create ground-breaking technology in multiple fields
and, together, have helped strengthen angel investing and entrepreneurial
activity in the St. Louis region. I see a bright future for startups and
investors, alike, as we continue to come together to offer the support and
resources necessary for these companies to move forward.”
Year 2013 is
off to a great start for the Arch Angels, according to Bickel. They have
invested a little over $2 million in 7 deals so far this year. Four of those
are new companies while the other three are follow on investments.
Background.
The St.
Louis Arch Angels network was founded in January, 2005, as an independent
510c(6) not-for-profit corporation. Arch Angel members, business leaders from the St.
Louis region, provide seed and early-stage capital in the range of $250K-$1M,
an investment range not generally served by venture capitalists.
Startups backed in 2012 include the following: Bonfyre, Elemental Enzymes, Euclises Pharmaceuticals, JBara Software, Kypha, LockerDome, NeuroLutions, NewLeaf, Symbiotics, and Systematic Revenue.
1 comment:
The recently stretched Arch Angels system has been the biggest number of organizations supported in a solitary year. This extra financing carries the aggregate ventures the system has made in its eight-year history. The development of your association and in the amount of speculations you have made over the previous year have been reflective of the developing underpin for the entrepreneurial base in your region.
Post a Comment