MIT Alumni Angels of Northern California
2225 Sharon Rd Ste 125, Menlo Park, CA, 94025, United States
Overview
Entrepreneurship is thriving even in this market. Take a look at some promising new companies with fellow alums as part of "MIT Angels". MIT Angels are interested and engaged in the start-up community and committed to investing their time and money into new, cutting edge, early stage businesses. Our group is made up of individuals with broad experience in technology, semiconductor, energy, general management, entrepreneurship, finance, consulting and law. The involvement of the group in portfolio companies will vary from deal to deal. Entrepreneurs will have access to the group for general advice and direct involvement by individual members where we can make a difference. Potential roles for MIT Angels include “money only investor”, Board member, CEO mentor and advisor/consultant. Our group meets on a quarterly basis and invite three startups per meeting that can benefit either from advice or investment as they seek angel investors (with a preference for companies started by MIT alum entrepreneurs). The Deal Selection Team evaluates more than 50 business plans to select the 3 presenting companies. Entrepreneurs can expect a thorough examination and, occasionally, an investment from some of Silicon Valley's most accomplished entrepreneurs. We strongly encourage business plan submissions from MIT Alumni, but consider all investments based on potential economic returns.
- Total investments
- 2
- Lead investments
- 1
- Investments · 12mo
- 0
- Active investors
- 2
Sector focus
- Finance
- Financial Services
Investment portfolio
- Propel(X)
Participated · Equity · Jul 2020
Propel(x) operates an online investment platform that helps investors source, evaluate and fund pioneering science and technology startups. The platform seeks to make early investments in technology companies available to a wide spectrum of accredited investors worldwide. Propel(x) highlights deep-technology sectors including clean energy, drugs, space exploration, and advanced materials. The company was founded by CEO Swati Chaturvedi and Lisheng Wang, MIT classmates, and is based in San Mateo, Calif. In Q1 2020 Propel(x) closed a financing that raised just above $5.5 million, including all converting notes. Proceeds will be used to build new platform features to help investors make informed decisions, grow operations, and expand marketing. Propel(x) operates an online investment platform that connects technology startups in life sciences, energy, cleantech, computer sciences, materials and chemicals with accredited investors under Rule 501 of Regulation D. The company offers a marketplace and supporting technology to facilitate introductions and investments between founders and accredited backers. Propel(x) was founded in 2013 by CEO Swati Chaturvedi and Lisheng Wang and is based in Redwood City, California. The company raised $1.5M in seed funding to support its growth. Propel(x) intends to use the proceeds to further develop its technology, build a community of experts, grow its investor base and secure key partnerships. No operating metrics (revenue/users) were disclosed in the article.
- Bounce Imaging
Led · Equity · Mar 2015
Bounce Imaging, based in Boston, MA, develops the Explorer, a small rugged ball equipped with six cameras that syncs wirelessly to a smartphone or tablet. The device is designed to capture photos and document intel in dark, hard-to-reach, or dangerous spaces. The Explorer features a shock-absorbing rubber outer shell, cameras providing 360-degree panoramic visibility, white strobing lights, and near-infrared LEDs to illuminate dark rooms. According to the report, Bounce Imaging has raised $1.25 million. Investors named in the articles are MIT Alumni Angels of Northern California and Maine Angels.
Team
Darnell Kemp
Investor
LinkedInPaul Nguyen
Investor