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Broad Street Angels
Broad Street Angels is the Union League of Philadelphia's 60+ member angel group, funding Mid-Atlantic seed and Series A companies since 2015.
Broad Street Angels
Broad Street Angels formed in 2015 as the angel investing affiliate of The Union League of Philadelphia, one of the city's oldest and most influential private membership organizations. Founders designed the group to connect League members with vetted early-stage investment opportunities, tapping the collective experience of executives, entrepreneurs, and professional-services principals across the Philadelphia-to-New York corridor. Investment activity targets Mid-Atlantic startups raising seed through Series A rounds, with typical member-syndicated checks falling between $150,000 and $1 million per round. The group reviews companies across enterprise software, healthcare services, fintech, media, and automation, favoring businesses within driving distance of Philadelphia. Public-record mentions and press accounts link the group to investments in Philadelphia-area companies such as NeuroFlow (digital behavioral health platform), GoPuff (on-demand delivery), and Zuppler (online ordering software), though the group does not disclose a comprehensive portfolio list. Membership ranges from 60 to 80 accredited investors who meet monthly to hear pitches, typically at the Union League. Member backgrounds span private equity, commercial real estate, health system leadership, and operating-company C-suites. Philanthropic and civic overlap runs through the Union League's broader mission, but the investment entity functions as a standalone club with no pooled fund vehicle — members invest individually alongside or as part of ad hoc syndicates. In 2023 the group publicized a push to increase visibility among Philadelphia university spinouts (per the group's own communications, 2023). The structural differentiator is the Union League affiliation. Most angel groups are standalone club entities; Broad Street Angels operates inside a legacy civic institution, which shapes sourcing through the League's extended network of law firms, accounting practices, and hospital boards while imposing an explicit geographic and social-trust filter absent from open-membership angel networks.
General information
Firm type
Angel Group
Year founded
2015
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Philadelphia
Corporate office
Philadelphia, PA, United States
Sector focus
Frequently asked questions
Who runs investment decisions at Broad Street Angels?
Broad Street Angels operates as a member-driven club rather than a top-down fund. Individual members make their own investment decisions from among companies that the group's screening committee presents at monthly pitch meetings. The screening committee — drawn from the membership — conducts initial diligence on applicants before they reach the full room. No single managing partner or CIO controls deployment.
How is Broad Street Angels related to the Union League of Philadelphia?
Broad Street Angels was launched in 2015 as an official affiliate of the Union League, a member club founded in 1862. Membership is restricted to Union League members, tying the group tightly to the League's social, professional, and civic network. The angel group benefits from the Union League's physical infrastructure and brand equity but functions independently in its investment activities.
Does Broad Street Angels invest through a pooled fund?
No. Broad Street Angels does not maintain a pooled investment vehicle. Every member decides individually whether to participate in a given round. The group facilitates due diligence and introductions but does not aggregate member capital into a single fund. Some deals result in small syndicates of interested members.
What check sizes and stages does Broad Street Angels target?
Individual members of Broad Street Angels typically write checks in the $25,000 to $100,000 range, with the collective group frequently assembling rounds between $150,000 and $1,000,000. The group focuses on post-revenue or late-seed through Series A opportunities, usually where a lead institutional investor is already in place or under negotiation.
What geographies does Broad Street Angels cover?
Broad Street Angels concentrates on the Mid-Atlantic, generally within a two-hour drive of Philadelphia. Core coverage includes Philadelphia, its Pennsylvania suburbs, southern New Jersey, and Delaware. Selected deals from the New York metro area and Baltimore-Washington corridor appear when a strong Union League member connection exists.
How can a founder pitch Broad Street Angels?
Founders typically reach Broad Street Angels through a Union League member introduction. The group also accepts direct inquiries through its website, and its 2023 university-outreach program created a pathway for Penn, Drexel, and Temple spinouts. Applications funnel to the screening committee, which selects roughly four to six companies for each monthly member meeting.
Does Broad Street Angels take board seats or lead rounds?
Individual members may take observer or board seats in their personal capacity. The group as an entity does not lead rounds — it functions as a co-investor alongside institutional leads. Some members, however, serve as active advisors or independent directors for portfolio companies, leveraging professional networks developed through the Union League.
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