Boston based SideCar Angels, a group that leverages a hybrid crowdfunding / angel model, to fund early-stage companies, has exceeded $1 million of investments in start-ups over the past 12 months while doubling the number of their members. This activity has placed SideCar Angels as one the most active angel groups in the country according to the Angel Capital Association.
SideCar’s portfolio companies include some of the most promising start-ups in the Boston area, including ezCater, Content Raven, InfoBionic, BlueTrain Mobile, Groupize, Fashion Project, Mobee and Windgap Medical. The group has been brought into syndicates led by Atlas Ventures, Breton Capital, Broadview Ventures, InterWest Partners, MassVentures, Polaris Partners, Safeguard Scientifics, Schooner Capital, Golden Seeds, Hub Angels, Launchpad and Mass Medical Angels, among others.
The group offers VCs and angels a syndicate partner for their investment rounds and supplies fast capital by leveraging the due diligence of the lead investor.
“Our value proposition to start-up companies, as well as their VCs and angel group backers, is very simple – we deliver six-figure investments to complete their investment rounds, without seeking changes to the deal terms or requiring weeks of additional due diligence,” said Jeffrey Stoler, a founder and managing director of SideCar Angels. “We can move from company pitch to wired funds in as quickly as 48 hours.”
Nick Pappas from MassVentures partnered with SideCar Angels on a deal to fund Content Raven and commented,
“SideCar Angels was responsive, easy to work with, and delivered their six-figure investment overnight. They were a great addition to our syndicate.”
“The reason for forming SideCar Angels was to expand the pool of angel capital available to start-ups,” said Stoler. “We’re making top quality deals available to accredited investors who want to invest in early-stage companies but don’t have time to vet the deals themselves.”
SideCar member Joe O’Dea commented:
“SideCar’s agile investment approach minimizes the time commitment while maximizing deal flow, which is key to my ability to participate in angel investing. It’s also allowed me to get involved with emerging company investing at an earlier stage in my life to maximize the long-term value.”