757 Angels has been recognized as a top Angel Group in North America by the Angel Capital Association (ACA) for the third year in a row, making 757 Angels a top investor group. In 2021 alone, 757 Angels invested $8M into VA startups and early-stage companies, highlighting its role as an important economic engine. The group has created over 425 high-paying jobs through private sector investments. 757 Angels also offers programs like 757 Startup Studios and 757 Accelerate to boost the growth of startups. Given the economic challenges faced by Hampton Roads due to a reliance on federal funding, the group’s capital and programs are seen as key to diversifying the region’s economy.
Recognition by Angel Capital Association
NORFOLK, VA – For the third consecutive year, 757 Angels has been recognized by the Angel Capital Association (ACA) as a top Angel Group in North America. The ACA is the country’s leading professional and trade association supporting the success of angel investors in high growth, early-stage ventures—consideration from this association is an esteemed achievement. According to 757 Angels’ 2020-21 Impact Report, in 2021 alone 757 Angels injected $8M into VA startups and early-stage companies resulting in the ACA naming 757 Angels as a Top Tier Group in North America alongside funding powerhouses, Canada’s North Ontario Angels and California’s TechCoast Angels. According to Monique Adams, “757 Angels is an economic engine. Our groups’ private sector investment into early-stage companies has resulted in the creation of over 425 high paying jobs.” Promising companies can apply for funding consideration by visiting www.757angelsgroup.com.
Community Focus and Programs
757 Angels believe in harnessing the power of the community to grow and succeed. 757 Angels’ leadership has created several programs focused on building vibrant promising businesses. 757 Startup Studios, 757 Accelerate are excellent programs helping companies in ideation, prototype, and customer discovery. These programs provide wrap-around services to startups in the earliest stages of development accelerating their growth. With Hampton Roads facing economic headwinds stemming from reliance on federal funding, Adams believes that 757’s programs and capital are critical to creating a density of startups that will fuel and diversify the region’s future economy. Research has shown that support of the innovation economy was a critical element to those regions that recovered most quickly from the economic crisis. Adams concludes, “in the wake of the pandemic, investment in the innovation economy has never been more important”.
About 757 Angels
About 757 Angels 757 Angels is a network of over 140 business and community leaders. Formed in 2015, their mission has been to catalyze the Hampton Roads economy: to grow and diversify the economy by supporting promising new and early-stage companies, and to provide its members with the opportunity for a risk-adjusted return on investment capital. Investors seeking the opportunity to become a member of their community, or founders seeking to apply for capital can visit 757angelsgroup.com for more information.
###
Question & Answer
1. What recognition has 757 Angels received recently?
757 Angels has been recognized as a top Angel Group in North America by the Angel Capital Association (ACA) for the third year in a row.
2. How much did 757 Angels invest in VA startups in 2021?
In 2021 alone, 757 Angels invested $8M into VA startups and early-stage companies.
3. What programs does 757 Angels offer to boost startup growth?
757 Angels offers programs like 757 Startup Studios and 757 Accelerate to boost the growth of startups.
4. Why are 757 Angels’ capital and programs seen as important for Hampton Roads?
Given the economic challenges faced by Hampton Roads due to a reliance on federal funding, 757 Angels’ capital and programs are seen as key to diversifying the region’s economy.
