Investments
372Portfolio Exits
51Funds
4About Band of Angels
The Band of Angels is Silicon Valley's oldest seed funding organization. We are a formal group of more than 120 former and current high tech executives who are interested in investing their time and money into new, cutting edge, startup companies. We've seeded over 200 companies in our history with 40+ profitable M&A exits and 9 Nasdaq IPOs. Band members have founded companies such as Symantec, Logitech, and National Semiconductor and been senior executives at the likes of Sun Microsystems, Hewlett Packard, and Intuit. The Band meets monthly to formally consider three startups selected from among the more than 50 that are screened each month by the Band Deal Selection Process. Entrepreneurs can expect a thorough examination and, occasionally, an investment from some of Silicon Valley's most accomplished entrepreneurs.

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CB Insights Intelligence Analysts have mentioned Band of Angels in 1 CB Insights research brief, most recently on Nov 10, 2021.
Latest Band of Angels News
Jan 3, 2022
Rhaeos, Inc. , a Evanston, Ill.-based clinical stage medical device company developing a platform wireless and non-invasive wearable sensor initially targeting the neurosurgical suite, closed a $2.2m seed financing. The round, which brings a total of over $8m in dilutive and non-dilutive financing to date, included participation from Creative Ventures, Portal Innovations, Lateral Capital, Cedars-Sinai Accelerator, Kyto Life Science and Technology, Band of Angels, Northwestern University’s NXT Fund, University of Michigan Social Venture Fund, and private investors. Rhaeos, Inc. is a private, clinical stage, medical device company, formed out of the John A. Rogers Research Group at Northwestern University, focused on developing wearable sensors to improve care of patients suffering from chronic and difficult-to-treat conditions. The company’s novel FlowSense™ noninvasive wireless sensor addresses a clinical unmet need for patients with hydrocephalus and is funded by the National Institute of Health, National Science Foundation, the Pediatric Hydrocephalus Foundation, the Southwest Pediatric Device Consortium, the National Capital Consortium for Pediatric Device Innovation, the UCSF-Stanford Pediatric Device Accelerator, the West Coast Consortium for Technology & Innovation in Pediatrics, MedTech Innovator, and private and institutional investors. Proceeds will be used to prepare for the 2022 commercial launch of FlowSense™, the company’s first product. FinSMEs 03/01/2021
Band of Angels Investments
372 Investments
Band of Angels has made 372 investments. Their latest investment was in Rhaeos as part of their Seed VC on December 12, 2021.

Band of Angels Investments Activity

Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
12/24/2021 | Seed VC | Rhaeos | $2.2M | Yes | 6 | |
12/17/2021 | Seed VC - II | Zesty.io | $3M | Yes | Band of Angels, ClearVision Equity Partners, NuFund Venture Group, The Cove Fund, and Undisclosed Investors | 1 |
7/29/2021 | Series A - IV | Raydiant Oximetry | $5M | Yes | 2 | |
5/3/2021 | Series A | |||||
4/22/2021 | Series A |
Date | 12/24/2021 | 12/17/2021 | 7/29/2021 | 5/3/2021 | 4/22/2021 |
---|---|---|---|---|---|
Round | Seed VC | Seed VC - II | Series A - IV | Series A | Series A |
Company | Rhaeos | Zesty.io | Raydiant Oximetry | ||
Amount | $2.2M | $3M | $5M | ||
New? | Yes | Yes | Yes | ||
Co-Investors | Band of Angels, ClearVision Equity Partners, NuFund Venture Group, The Cove Fund, and Undisclosed Investors | ||||
Sources | 6 | 1 | 2 |
Band of Angels Portfolio Exits
51 Portfolio Exits
Band of Angels has 51 portfolio exits. Their latest portfolio exit was Taulia on January 27, 2022.
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 |
---|---|---|---|---|---|
1/27/2022 | Corporate Majority | 3 | |||
1/10/2022 | Acquired | 4 | |||
10/27/2021 | Acquired | 2 | |||
Date | 1/27/2022 | 1/10/2022 | 10/27/2021 | ||
---|---|---|---|---|---|
Exit | Corporate Majority | Acquired | Acquired | ||
Companies | |||||
Valuation | |||||
Acquirer | |||||
Sources | 3 | 4 | 2 |
Band of Angels Fund History
4 Fund Histories
Band of Angels has 4 funds, including Band of Angels Acorn Fund LLC.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
---|---|---|---|---|---|
11/1/2009 | Band of Angels Acorn Fund LLC | Early-Stage Venture Capital | Closed | $5M | 1 |
6/30/2000 | Band of Angels Fund LP | ||||
12/31/1994 | Band of Angels LLC | ||||
12/31/1994 | Band of Angels - Unspecified Fund |
Closing Date | 11/1/2009 | 6/30/2000 | 12/31/1994 | 12/31/1994 |
---|---|---|---|---|
Fund | Band of Angels Acorn Fund LLC | Band of Angels Fund LP | Band of Angels LLC | Band of Angels - Unspecified Fund |
Fund Type | Early-Stage Venture Capital | |||
Status | Closed | |||
Amount | $5M | |||
Sources | 1 |
Band of Angels Team
6 Team Members
Band of Angels has 6 team members, including , .
Name | Work History | Title | Status |
---|---|---|---|
Dr. Ian Sobieski | Founder | Current | |
Name | Dr. Ian Sobieski | ||||
---|---|---|---|---|---|
Work History | |||||
Title | Founder | ||||
Status | Current |
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