"The Baltimore Angels, founded in 2009 with the mission to invest profitably while also having a social impact on the Baltimore innovation and start-up community, has continued its growth in both investments and membership over the past year. The group recently surpassed $5M in cumulative investments, $4M of which was invested by the group over the past 2.5 years. $1.7M has been invested in 2015 to date. Furthermore, the group’s membership has grown from 30 members in 2012, to over 50 members today.Also in 2015, The Baltimore Angels launched a new website design (www.baltimoreangels.com) and brought on their first full-time employee, Michael Tucker, a Baltimore native and a Venture For America fellow.
“We want to lead in Baltimore not only as a premier source of angel investment capital, but also as a mentorship and advisory resource for Baltimore’s many innovators and entrepreneurs” said Greg Cangialosi, Co-Chairman and Co-Founder of the Baltimore Angels. “We’ve drawn an extremely diverse crowd of angel investors from many facets of both the investment and start-up world. We want to make Baltimorean even more attractive place to innovate, raise money, and successfully launch a company.”
A handful of the Baltimore Angels investments include education technology companies such as Allovue and Citelighter, and big data companies such as Yet Analytics. All three companies are Baltimore based."