Silicon Valley angel investor group Sand Hill Angels has invested over $2.3 million in 2011, consisting of 7 new investments and several follow-on investments. Portfolio companies include Clean Power Finance, Global Fresh Foods, Liftopia, X-Graph and OncoHealth.
Sand Hill Angels announced today that it has invested over $ 2.3 million in 2011, consisting of 7 new investments and several follow-on investments. In all instances, Sand Hill Angels led or co-invested alongside other angel groups, as well as private and institutional venture partners. This underscores the growing trend of angel investor groups joining forces to fund innovative, early-stage companies.
“We seek to syndicate in our sweet spot of $ 1-3 million pre-money valuation, and a typical funding round of $ 500K-2M, where we co-invest with others. We often are the lead investor and get referrals from other angel groups, and similarly, we introduce entrepreneurs to appropriate co-investor angel groups. We received validation by major new investors in our portfolio companies, several steps-up in valuation, and an exit in 2011. Some examples include Clean Power Finance, Global Fresh Foods, Liftopia, X-Graph and OncoHealth. Several other companies achieved important milestones,” said Sherman Ting, President of the Sand Hill Angels Board.
“Sand Hill Angels adds value to portfolio companies by supportive participation, including making available our members’ extensive networks. We also are actively involved with government at the Federal and state level to promote policies to de-risk technology startups with tax credits and incentives, thereby increasing investment and employment,” added Sarosh Kumana, Vice President and Board Director.
About Sand Hill Angels Sand Hill Angels is a group of Silicon Valley accredited investors who are passionate about entrepreneurship and the commercialization of disruptive new technologies, with early stage investments in promising start-ups. With experience spanning all aspects of growing successful companies — from the formative stage through management of multi-billion dollar enterprises — Sand Hill Angels seeks to add value, provide expertise and assistance to these fledging enterprises. The investment focus includes Internet, Mobile Information Technology, Clean Tech, Consumer, and Life Sciences. Sand Hill Angels works openly and collaboratively with venture capital funds, angel organizations, and the Bay Area ecosystem to foster the growth of technology start-ups.