TiE Boston, a nonprofit organization that focuses on fostering entrepreneurship in the New England area, has launched TiE Angels Investment Group to provide start-up capital and strategic support.
TiE Angels aims to invest in early-stage companies, mainly in sectors including healthcare, clean-tech, Internet/digital media, mobile, software, financial technology, technology-enabled services, and communications.
The group expects a typical angel investment to be approximately $500k, but they can syndicate up to $2m.
TiE Angels is not a venture fund but rather a forum in which investors may be introduced to companies for possible investment. Entrepreneurs seeking capital may submit their plans at www.tieangelsboston.com.
The forum, which is comprised of 35 charter members of TiE Boston, who have significant financial and experiential resources to invest in promising new ventures, is governed by a Steering Committee chaired by Abhishek Jain.