Mid-Atlantic Angel Group

Company

Investment-firm

General

About Company
Mid-Atlantic Angel Group: corporate investor funding tech-based, high-growth companies in Philadelphia.

Industry

Sector :

Subsector :

Also Known As

MAG Fund

founded date

01.01.2005

IPO status

Private

Description

Mid-Atlantic Angel Group, founded in 2005, is a corporate investor that provides equity capital to seed and early-stage, technology-based, high-growth companies in the Greater Philadelphia Region. The fund typically invests between $1-5 million and is involved in less than 2 deals per year. It often co-invests with other notable investors such as Robin Hood Ventures and Nextstage Capital. The fund has no specific preference for the number of founders in portfolio startups and has invested in companies like Cloudnexa and Molecular Detection in fields like Enterprise Software and Collaboration. Mid-Atlantic Angel Group also manages the Mid-Atlantic Angel Group Funds I & II, LP, which bridge the gap between angel funding and institutional venture capital funding in the region.
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