Angels entrepreneurs to join VC firm that invests in startups in the US

Sep 22, 2021 Europe

Angels investors will join a venture capital firm that will help start-ups in the United States, according to a new report.

The Angels Investor Network, which is expected to be launched this year, will aim to attract investors from across the tech sector, the New York Times reported Thursday.

The angels network will include companies that are part of AngelList, an online platform that lists about 1,000 tech start-up companies that have raised more than $100 million in venture funding.

AngelList’s list of startups includes Facebook, Google, LinkedIn, Pinterest, Salesforce, Uber, UberX, UberEATS and more.

“These companies are the first in their sector to be identified and supported by AngelList’s incubator network,” the Times said.

The venture capital network will invest in about a dozen start-Ups, a startup incubator and accelerator in New York, the Times reported.

AngelList founder and CEO Nick Zagorac said in a statement that he hopes the angels network helps entrepreneurs in the Valley grow their businesses.

“This new platform is designed to help the next generation of entrepreneurs in their early stages by helping them make more informed decisions about how to build their businesses, attract more funding, and reach their potential,” Zagorgac said.

“We believe that the angel network is the most valuable investment opportunity to date for the Valley, and we are excited to be working with AngelList to help these companies become a part of our ecosystem,” he added.

The startup incubators that will be included in the Angels Investor network include New York-based Venture Capital Labs, a venture accelerator that is one of the most prestigious incubators in the country.

The startup incubation network is also set to help launch an angel fund, AngelNet Ventures, which will help entrepreneurs with funding and mentoring.

AngelNet Ventures will be launching an angel investment fund, the AngelNet VC, to fund angel startups, the NYT reported.

Zagorga says he wants to help entrepreneurs find success in their field, and has said that he believes that the Valley will become the fastest-growing area in the world when it comes to venture capital investment.

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