FP Angels, founded in 2013 by David J. Freschman and Joe Rubin, focuses on investing in early-stage startups in the United States, particularly in the Internet of Things and Wearables sectors. With investments ranging from $1 to $5 million, the firm typically participates in rounds with 10 other investors. Some of the successful startups in their portfolio include Augmate. While FP Angels is a prominent investor, startups in their portfolio also receive funding from other firms such as Westcott LLC, Next47, and Grand Central Tech. Notable sponsors for FP Angels include UPS Strategic Enterprise Fund, Tim Draper, and Simon Property Group.