A St. Louis Angel Investor group has invested millions in promising local startups companies in 2017 and hopes to continue their success into the new year.
The St. Louis Arch Angels, is a group of accredited investors that seeks to fund and support high potential startup ventures from St. Louis in hopes that the companies could result in returns for the groups’ members and corporate partners.
In 2017, members invested over $11 million in 26 companies, seven companies for the first time, and 19 where recurring investments.
Brian Kinman, chairman of the Arch Angels, said 2017 was a lucrative year for the investment group.
“We gain not only a fresh source of investible capital from recruitment efforts but also members with phenomenal backgrounds and experiences,” Kinman said. “We make it a policy to provide input and mentoring to the deals we evaluate as well as invest in, and the quality of our mentoring is directly proportional to the quality of our membership.”
Members in the group are all accredited investors from the St. Louis region and according to the group all have significant experience in a variety of fields as entrepreneurs, CEOs, venture capitalists, and business leaders who have founded, funded, and built companies.
Since its inception in 2005, the St. Louis Arch Angels’ cumulative investment in local startups comes close to $80 million invested in 91 different companies. The group was established to help individual St. Louis Arch Angel investors work together to mutual benefit, sharing ideas, insights into the market, and expertise.
To date, the network’s total member investment since founding in 2005 to almost $80 million.
“We are fortunate to have such a wonderful pool of talent,” Kinman said. “I am confident our reconstituted board will continue this fine tradition of success for the St. Louis Arch Angels.”