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Angel Investor (Group)
FINANCE | Investment Firms & Funds
theangelcapitalgroup.com

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Investments

17

Portfolio Exits

2

Funds

4

Partners & Customers

1

About Angel Capital Group

The Angel Capital Group network brings Angel investors and entrepreneurs together in an environment that celebrates innovation, rewards strategic risk-taking, and promotes performance.

Angel Capital Group Headquarter Location

218 3rd Ave. N 2nd Floor

Nashville, Tennessee, 37201,

United States

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Latest Angel Capital Group News

Merger with Louisville-based group helps achieve Eric Dobson’s big vision for Angel Capital Group

Mar 2, 2020

on March 01 st, 2020 by Tom Ballard Eric Dobson has a big vision for the Angel Capital Group (ACG), and a recently announced deal in Kentucky significantly advances the goals of the organization’s Chief Executive Officer. “I want us to be the clearinghouse for angel deals in America’s heartland east of the Mississippi River,” he explains. To further fuel that aspiration, Dobson has announced that Sheltowee Business Network (SBN) has merged with ACG to create the Sheltowee Angel Network. The first meet-up of the new group was last Wednesday night, and the Louisville-based SAN chapter will start making investments in the second quarter of this year. The merger is the latest in several changes over the past year or so that position ACG to achieve Dobson’s big vision. This most recent announcement brings to ACG a base closer to opportunities and investors in states like Illinois, Indiana, Michigan, Ohio, and Kentucky. As Dobson noted in a recent interview, another move was the creation of the Appalachian Investors Alliance (AIA) about a year ago as a separate, not-for-profit organization, a structure that allows it to secure grants that are not available to a for-profit entity like ACG. “We frequently coinvest in deals, but ACG and AIA have separate and distinct operations and missions,” Dobson explained. Simply stated, the former invests the funds of its angels in promising start-ups after conducting the appropriate due diligence. The latter, on the other hand, is taking a more holistic and longer-term view, helping entrepreneurs ensure they are prepared for investment that could then come from one or both of the organizations as well as others. “On the AIA side, we have a lot of latitude that we don’t have within ACG,” Dobson said, adding, “Helping entrepreneurs in the way AIA can is a philanthropic or subsidized effort.” That latitude, coupled with federal and other funding available to a not-for-profit organization like AIA, help seed the pipeline, particularly in more rural areas that have a real void in terms of investment capital. Finding entrepreneurs, linking them to resources, helping them create viable companies, preparing them for pitches to investors, and creating micro funds in regions are among the areas where AIA is focused. To quote Jim Hart, the Executive Director of the AIA, “Who better to advise the entrepreneurs (on preparation for pitching) than those (AIA) who advise the investors on where to invest,” Dobson says. Since its creation, AIA has invested $7 million thus far in about 25 companies. Those dollars have leveraged slightly more than $80 million in additional capital that came from sources other than ACG or AIA, and in large part, outside the Appalachian region.

Angel Capital Group Investments

17 Investments

Angel Capital Group has made 17 investments. Their latest investment was in EDP Biotech as part of their Unattributed - V on May 5, 2021.

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Angel Capital Group Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

5/14/2021

Unattributed - V

EDP Biotech

Yes

1

5/17/2017

Seed VC

CompleteSet

$0.85M

Yes

1

6/24/2016

Series A

Arkis BioSciences

$3.35M

Yes

5

11/19/2015

Series A

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$99M

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10

5/6/2015

Angel

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10

Date

5/14/2021

5/17/2017

6/24/2016

11/19/2015

5/6/2015

Round

Unattributed - V

Seed VC

Series A

Series A

Angel

Company

EDP Biotech

CompleteSet

Arkis BioSciences

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Amount

$0.85M

$3.35M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

1

1

5

10

10

Angel Capital Group Portfolio Exits

2 Portfolio Exits

Angel Capital Group has 2 portfolio exits. Their latest portfolio exit was Arkis BioSciences on July 29, 2019.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

7/29/2019

Acquired

$99M

3

7/12/2016

Corporate Majority

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$99M

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10

Date

7/29/2019

7/12/2016

Exit

Acquired

Corporate Majority

Companies

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Valuation

$99M

$99M

Acquirer

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Sources

3

10

Angel Capital Group Fund History

4 Fund Histories

Angel Capital Group has 4 funds, including Angel Capital Phoenix Micro Venture Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

9/23/2015

Angel Capital Phoenix Micro Venture Fund

1

9/3/2015

Angel Capital Kansas City Micro Venture Fund

10

6/30/2006

TN Micro Fund I

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$99M

10

The Mane Capital Fund

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10

Closing Date

9/23/2015

9/3/2015

6/30/2006

Fund

Angel Capital Phoenix Micro Venture Fund

Angel Capital Kansas City Micro Venture Fund

TN Micro Fund I

The Mane Capital Fund

Fund Type

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Status

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Amount

$99M

Sources

1

10

10

10

Angel Capital Group Partners & Customers

1 Partners and customers

Angel Capital Group has 1 strategic partners and customers. Angel Capital Group recently partnered with Business Owners Benefits Association on January 1, 2016.

Date

Type

Business Partner

Country

News Snippet

Sources

1/29/2016

Partner

United States

1

Date

1/29/2016

Type

Partner

Business Partner

Country

United States

News Snippet

Sources

1

Angel Capital Group Team

6 Team Members

Angel Capital Group has 6 team members, including current President, David Vulcano.

Name

Work History

Title

Status

Jenny Tooth

GLE Growth Capital, and London Business Angels

Founder

Current

David Vulcano

President

Current

Yogi Dougher

Managing Partner

Current

Eric W. Barton

Owner

Current

Rachael Qualls

Founder, Chief Executive Officer

Former

Name

Jenny Tooth

David Vulcano

Yogi Dougher

Eric W. Barton

Rachael Qualls

Work History

GLE Growth Capital, and London Business Angels

Title

Founder

President

Managing Partner

Owner

Founder, Chief Executive Officer

Status

Current

Current

Current

Current

Former

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