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Hub Angels Investment Group
David Verrill founded Boston's Hub Angels in 2000, backing over 80 startups including Circle Internet Financial through a member-driven angel fund.
Hub Angels Investment Group
The Hub Angels Investment Group was founded in 2000. It invests in early-stage life sciences and other innovative companies in the Northeastern United States.
General information
Firm type
Generalist
Year founded
2000
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Boston
Corporate office
131 Marlborough Street, Boston, MA 02116, United States
Principals
David Verrill
Managing Director and Founder
Charles Cameron
Managing Director and Founder
Sector focus
Frequently asked questions
Who runs investment decisions at Hub Angels?
David Verrill and Charles Cameron co-founded the group and serve as Managing Directors. Verrill previously chaired the Angel Capital Association, while Cameron is SVP of Business Development at Cooley LLP. Investment decisions are made through a member committee structure, where individual angels with relevant domain expertise champion specific deals through the diligence process.
How does Hub Angels source deals?
Hub Angels relies on the personal and professional networks of its roughly 50 member angels, many of whom are former operators and entrepreneurs in the Boston area. The group also maintains co-investment relationships with regional entities like MassVentures. Its membership in the New England Venture Capital Association further connects it to the broader institutional ecosystem.
Is Hub Angels structured as a single family office or does it operate more like a venture firm?
Hub Angels is neither — it is a member-managed angel investment group. Its members pool capital into a managed fund that makes direct equity investments, functioning like a small venture fund but governed by a committee of its individual angel members. The structure gives it continuity for follow-on investments while preserving the network-driven sourcing of a traditional angel group.
Does Hub Angels participate in fund commitments or only direct deals?
Hub Angels exclusively makes direct equity investments in early-stage companies. The group does not operate as a fund-of-funds or make commitments to external venture managers. Its model centers on pooled member capital deployed directly into portfolio companies through negotiated equity rounds.
What investment stages does Hub Angels typically target?
The group targets early-stage and seed rounds, with typical check sizes ranging from $250,000 to $500,000. It participates in priced equity rounds alongside seed funds and other angel syndicates, rather than leading rounds or investing at the pre-seed stage through convertible notes exclusively.
Which sectors does Hub Angels explicitly focus on?
Hub Angels concentrates on enterprise software, fintech, digital health, and AI/ML companies. The group's Boston location gives it natural exposure to life sciences and biotech opportunities, though its active deal flow in those sectors is less documented than its technology investments.
Where does Hub Angels' capital come from?
All investment capital comes from the group's member angels — accredited individual investors who contribute to a pooled fund. There is no institutional LP, endowment, or family office backing the vehicle. The membership model means capital deployment is inherently tied to the composition and conviction of the roughly 50 members active in any given period.
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