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Innovation & Job News

NextGen Angels closes $1M round and expands

NextGen Angels, an angel group composed of D.C.-based investors that are all roughly under the age of 40, has closed a $1 million seed round, according to the Washington Post. The group, which opened chapters in New York and Boston earlier this year, will use the capital from the round to expand to Chicago and Austin.

“I think in each of those cities we will find a robust group of young entrepreneurial and tech-minded individuals who want to participate in a community like NextGen Angels,” said Dan Mindus, NextGen Angels founder, in an interview with the Post. 

The seed round comes from 24 investors pooling their funds.  

According to the Post, NextGen members are required to make at least one investment each year, with a $10,000 minimum investment in any deal. Investments might reach into the hundreds of thousands of dollars for later-stage companies.

Read more articles by Allyson Jacob.

Allyson Jacob is a writer originally hailing from Cincinnati, Ohio, and is the Innovation and Job News editor for Elevation DC. Her work has been featured in The Cincinnati Enquirer and Cincinnati CityBeat. Have a tip about a small business or start-up making waves inside the Beltway? Tell her here.
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