The Union League’s Angel Fund Pumped $1 Million into 5 Startups
Angel investing group Broad Street Angels, based out of the tony Union League of Philadelphia, came out of stealth mode right around this time last year and set out to find early stage startups to back.
A year later, after reviewing around 125 online pitches, the company has deployed $1 million in capital to five Philly-are startups, including realLIST honoree NeuroFlow. Also backed by the group in 2017 were internet-of-things company FischerBlock, medical device maker ZSX, State College–based INDIGO Biosciences and Baltimore-based cybersecurity startup Huntress Labs.
Ben Franklin Technology Partners CEO RoseAnn Rosenthal, a seasoned investor with a background in economic development by way of PIDC, is chair of the Broad Street Angels. She says the investor the group grew from the original 10 founding members to a crew of 80.
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