Funding Sources For Early Stage Companies - Hub Angels

Who Are Hub Angels?

In 2000 the group was an organized club with 15 individuals. Since then, it has evolved to a group of limited partners investing through angel funds. Hub Angels have invested over $12 million in a wide range of sectors, such as biotech, financial services, healthcare and software.

Fund III consists of $3.5M of capital and 35 members and provides capital to seed and early stage companies based in the New England States, with a preference mainly for Series A rounds. As a base investment the fund typically provides $250,000, with an additional amount of $250,000 coming from its Members. Some of the VC firms having co-invested in Hub’s companies include Commonwealth Capital, Intel Capital, and GE Capital. Companies in Hub’s portfolio: Zipcar, Flexplay, Seahorce Bioscience, Intelligent Bio-Systems.

Recent Investment - $1.9 Million in Series A Funding for Copiun

Copiun is a provider of corporate endpoint management solutions , based in Marlborough, Massachusetts. On September 1, 2010 it secured 1.9 million in series A funding from Hub Angels and RRE Ventures and the money will be used to expand customer acquisition and market adoption. Copiun Data Manager 2.0 is the latest version of its corporate solution. The main features that ensure the company high chances of becoming a market leader in this market are native end user experience, object based deduplication and federated search capabilities.

How Can Your Company Benefit From Angel Funds?

If you need capital for your start-up and you cannot obtain a bank loan, angel investors are the best funding alternative. The advantage is that they also provide management advice and expertise, helping you along the difficult business process. What you need is an innovative idea, a good business plan, an executive summary and a skilled presenter, able to convince angels that your business is worth investing, with great ROI perspectives. If you lack contacts that can refer you to business investors, you have the option of using an angel investors directory, that would allow you select the ones suitable for your venture’s development stage, industry and geographic location.