New York Angels

Overview

New York Angels is a membership-based angel investment group founded in 2004 that supports early-stage companies through individual member investments, due diligence, board participation, and advising.¹²³ With over 125 active accredited investors from diverse professional backgrounds, it receives more than 1,000 funding applications annually and has facilitated investments totaling over $167 million in 330+ companies across sectors like technology, AI, fintech, healthcare, and SaaS.¹³ Notable for its longevity as one of the oldest angel groups in the US and charter membership in the Angel Capital Association, members have backed successful startups including Pinterest, Greenhouse Software, Bombas, Payoneer, and Billtrust, achieving 72 exits.¹³

History

New York Angels was founded in 2004 by David S. Rose in New York City as a group of angel investors focused on early-stage technology and new media companies.¹³⁴ It became a charter member of the Angel Capital Association and has grown to over 125 members who have collectively invested in 330+ companies.¹ Key milestones include over $167 million invested, 72 exits, and investments in prominent firms like Pinterest and Greenhouse Software; leadership transitioned with Rose and Brian Cohen as chairmen emeritus, Mark H. Schneider as chairman, and Elizabeth Lindsey as executive director.¹³⁴

Notable Products

• Pinterest investment - Early-stage investment by members in the social media platform that achieved significant growth and exit.
• Greenhouse Software investment - Investment in HR software company focused on recruiting, leading to successful exit.
• Bombas investment - Backing of apparel startup known for socks with social impact mission.
• Payoneer investment - Investment in cross-border payment platform serving global businesses.
• Billtrust investment - Support for B2B payment and invoicing software provider.

Reputation

New York Angels is regarded by entrepreneurs and investors as one of the most established and active angel groups in the US, valued for its rigorous due diligence, experienced member network, and post-investment support including mentoring and connections.¹²³ Professionals highlight its strong track record with 72 exits from 386+ investments and successes in high-profile companies.³ No major criticisms noted in available sources, though its not-for-profit structure means investments are individual, potentially varying by member.⁵