Press release
Mid-Atlantic Angel Group Celebrates Success in Bridging Angel Funding and Venture Capital in the Greater Philadelphia Region
Founded with a mission to provide equity capital to seed and early-stage companies, MAG I & II were among the first formally structured angel capital venture funds in the Greater Philadelphia Region. By leveraging a network of experienced entrepreneurs, high-net-worth individuals, institutions, and accredited investors, MAG has empowered Regional technology companies to thrive while providing investors with opportunities for high returns on invested capital.
Key Highlights of MAG I & II:
* MAG I: Established in January 2005, the fund completed investments in 12 companies and attracted 89 angel and institutional investors.
* MAG II: Launched in April 2009, this fund supported 14 companies with the backing of 65 angel and institutional investors.
* Both funds have successfully completed their funding cycles, demonstrating a legacy of impactful investments in the Regional innovation ecosystem.
Modeled after best practices from successful angel funds across the country, MAG I & II have effectively leveraged public and private funding resources and partnerships to support Regional growth. The funds' primary focus on technology-based, high-growth ventures has positioned the Greater Philadelphia Region as a hub for innovation and entrepreneurship.
"The success of MAG I & II reflects the dedication of our investors and partners to fostering innovation," said a spokesperson for the Mid-Atlantic Angel Group. "We are proud to have provided critical funding to seed and early-stage companies that are shaping the future of technology and driving economic growth in the Region."
As the first structured angel capital venture funds in the area, MAG continues to build on its legacy, creating opportunities for entrepreneurs and investors alike.
For more information about the Mid-Atlantic Angel Group and its mission, visit https://magfund.com/.
About the Mid-Atlantic Angel Group
The Mid-Atlantic Angel Group (MAG) was established to bridge the gap between angel funding and institutional venture capital funding in the Greater Philadelphia Region. With a focus on equity capital for seed and early-stage, technology-based, high-growth companies, MAG is committed to fostering Regional growth through innovative investments.
Contact:
Justin Hanley
Email: justin@sep.benfranklin.org
Phone: (215)-972-6700
Disclaimer: This press release may contain forward-looking statements. Forward-looking statements describe future expectations, plans, results, or strategies (including product offerings, regulatory plans and business plans) and may change without notice. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements.
Media Contact
Company Name: Mid-Atlantic Angel Group (Magfund)
Contact Person: Justin Hanley
Email:Send Email [https://www.abnewswire.com/email_contact_us.php?pr=midatlantic-angel-group-celebrates-success-in-bridging-angel-funding-and-venture-capital-in-the-greater-philadelphia-region]
Country: United States
Website: https://magfund.com/
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