DC’s NextGen Angels Closes $1M Round, Expands to Boston and NYC

May 4, 2015

5:20 pm

NextGen Angels, the Washington, D.C.-based network of angels focused on early-stage investments, announced today that it has closed a $1 million round of funding. The angel group has also announced an expansion to Boston, MA; New York, NY; and other cities in 2015.

This financing comes from prominent local entrepreneurs and investors in the D.C. region, including Michael Chasen, the former CEO and cofounder of Blackboard and current CEO and founder of SocialRadar. With this funding, the group makes an expansion to NYC and Boston, as well plans for additional expansions to Chicago, IL; Austin, TX; and other cities in 2015. The goal for them, ideally, is to one day expand to 100 cities around the world.

“Our goal is to create one of the most robust investor networks in the world, so that one day a Sydney-based portfolio company gets connected to a key customer in Sao Paulo through our membership that stretches from Australia to Brazil,” said NextGen Angels founder and CEO Dan Mindus

Founded in 2012 as an angel group for young entrepreneurs under 40, NextGen Angels aims to be “the most entrepreneur-friendly angel investors in the world.” Since then, the group has invested in 12 companies – including enterprise social media analytics platform Encore Alert, and telemedicine startup Avizia – and now includes some of the D.C. region’s most renowned entrepreneurs.

In addition to this financing and expansion, NextGen Angels has appointed two new managing directors. Kelsey Morgan – formerly the director at TechStars in NYC, where she ran the R/GA Connected Devices Accelerator, Disney Accelerator, and the Kaplan EdTech Accelerator – will serve as managing director in New York. Chris Keller – an active angel and advisor in Boston’s startup ecosystem, and serial entrepreneur (having founded the Argon Technologies-acquired Followup.cc) – will serve as the managing director of NextGen Angels’s Boston arm. Brett Gibson will continue to serve as managing director in D.C.

Last fall, Dan Mindus served on a Tech Cocktail Sessions panel to share tips on how to get funded by D.C.’s biggest startup investors. You can watch the full video below:

Tech.Co’s CEO Frank Gruber and COO Jen Consalvo are also members of NextGen Angels.

Did you like this article?

Get more delivered to your inbox just like it!

Sorry about that. Try these articles instead!

Ronald Barba was the previous managing editor of Tech.Co. His primary story interests include industry trends, consumer-facing apps/products, the startup lifestyle, business ethics, diversity in tech, and what-is-this-bullsh*t things. Aside from writing about startups and entrepreneurship, Ronald is interested in 'Doctor Who', Murakami, 'The Mindy Project', and fried chicken. He is currently based in New York because he mistakenly studied philosophy in college and is now a "writer". Tweet @RonaldPBarba.

Leave a Reply

  • (will not be published)