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New York Angels
New York Angels is a member-led organization committed to finding, funding and mentoring great young companies from pitch through successful exit.
New York Angels
New York Angels is a member-led organization committed to finding, funding and mentoring great young companies from pitch through successful exit. Our 120+ members are entrepreneurs, CEOs, venture capitalists and business leaders who have founded, funded and built world-class companies. We come from a wide array of industry backgrounds and together create an extensive network of entrepreneurial support. We mentor and coach the entrepreneurs in whom we invest, serve on their boards, provide contacts and assist with team building, strategic planning and fundraising. The mission of New York Angels is to foster an engaged and smart New York City angel investment environment in an effort to enhance the opportunities for entrepreneurs to be financed and succeed through exit. We provide opportunities for our members to obtain outstanding financial returns by investing in early-stage companies and accelerating them to market leadership. We lead and participate in investments ranging from $100,000–$2,000,000, and have a large network of angel groups and venture capital firms with whom we syndicate to do rounds up to $3 million. New York Angels has been the leading seed investment organization in NYC since 2004, with members investing over $112 million into more than 270 exciting startup companies. Through their participation in New York Angels, members were the first investors in such startups as Pinterest and Comixology, and portfolio companies have been acquired by Google, Intel, CBS, Living Social and others.
General information
Firm type
Private Equity
Year founded
2004
Location
Region
North America
Country
United States
City
New York
Corporate office
New York, NY, United States
Principals
Brian Cohen
Chairman
David S. Rose
Founder and Chairman Emeritus
Sector focus
Frequently asked questions
How does New York Angels differ from a traditional venture capital fund?
New York Angels is a member-led syndicate, not a fund. Each of the roughly 100 accredited members invests personal capital directly into individual deals on a deal-by-deal basis. There is no blind pool of committed capital. This means each member performs their own diligence and decides their participation amount, and the group earns no carried interest.
What is the group's typical check size and stage focus?
New York Angels focuses on seed and early Series A rounds. Initial checks from the group usually fall between $250,000 and $1 million per round, though aggregate round sizes are often larger because the group co-invests alongside institutional seed funds. The organization leads roughly 20 to 30 deals per year.
Who runs the investment screening process at New York Angels?
The screening process is managed by the membership itself. Startups apply through the group's website, and a rotating committee of members reviews applications to select companies for monthly pitch meetings. After a company pitches, interested members form a due-diligence team that investigates the startup under a standardized framework developed by the group.
What are some notable companies New York Angels has backed?
The group's most prominent public record exit is Pinterest, which it backed at the seed stage well before the company's 2019 IPO. Other named portfolio companies include Yieldmo, an advertising technology firm. Over its history, the group has invested in more than 300 companies across enterprise software, consumer internet, and deep tech.
Where does the group's deal flow come from and what is its geographic focus?
Deal flow comes primarily from member networks, referrals from venture capital and university ecosystems, and direct founder applications. The group invests overwhelmingly in the Northeast corridor, with heavy concentrations in New York City, Boston, and Washington D.C., though it will review companies from any US geography.
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