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.

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.

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.

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.

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.

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.

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.