Last year alone The Arch Angel Network invested nearly $10 million in local, St. Louis based startups, bringing the total number of investments the organization they’ve made in the last decade to over $50 million. They celebrated their tenth year of operations in 2014, investing in 59 total companies since early 2005.
“It’s amazing to see how much innovative entrepreneurial talent has grown and continues to thrive in the St. Louis region, and we are proud to support many of these promising companies,” says Gil Bickel, Chairman of the St. Louis Arch Angels. “These small businesses collectively represent tremendous potential for the sustainable job growth that helps to stabilize our communities, and we look forward to fostering that growth in the years to come.”
The St. Louis Arch Angel Network was established in January 2005 as an independent, 501c(3) not-for-profit corporation. Arch Angel members, who are business leaders from the St. Louis region, provide seed and early-stage capital in the range of $250,000 to $1 million, an investment range not generally served by venture capitalists.
“There are a number of new technologies being created in the St. Louis metro area, and we are thrilled to see so many entrepreneurs moving into the region to take advantage of the technologies, mentors, resources and financing that will help propel them forward,” says Bickel. “As we look to 2015, we expect to see both new high-quality investment opportunities and previously funded companies maturing and advancing their business models, and anticipate that our investment total could climb closer to the $60 million mark.”
The companies the Arch Angel Network invested in over the course of 2014 are:
- Adarza BioSystems
- Capital Innovators
- Coolfire Solutions
- Island Radar
- Pixel Press
- Pulse Therapeutics
With the support of both the financial institutions in the area and St. Louis entrepreneurs, the city will keep turning out new opportunities for accelerators, incubators, and organizations like the Arch Angels to further invest in the future of St. Louis.