SOURCE: Sand Hill Angels

Sand Hill Angels

January 31, 2013 08:00 ET

Sand Hill Angels Announces Record 2012 Results, 2013 Focus on Syndication, Portfolio Company Support

SAN FRANCISCO, CA--(Marketwire - Jan 31, 2013) -  Sand Hill Angels announced today that it had invested almost $ 2.7 million in 2012, consisting of 15 new investments and several follow-on investments. In all instances, Sand Hill Angels led or co-invested alongside premier angel groups, as well as private and institutional venture partners. Some new investments include UpOut, NoWait, AnyMeeting, Spinnakr, Hall, Sift, Playhaven, Tabtor, Hapara, OptTown, MyHealthTeams and Cephasonics. Exits included Appbistro, XGraph, and Lawpivot.

"Sand Hill Angels has expanded and evolved to meet altered conditions in the startup ecology, changed capital markets, and a different IPO landscape. We expanded access to deals through our relationships with premier accelerators like Tandem, incubators like 500Startups, and angel groups nationwide. SHA adds value to portfolio companies with our deep domain expertise, and an array of services, including syndication, members' extensive industry networks for strategic sourcing, technology and distribution partners, adding whatever is needed to move portfolio companies forward, and to a successful exit," said Sarosh Kumana, President and Board Director.

"Sand Hill Angels membership grew by over 45% in 2012. This is a sign of both a vibrant angel community and high confidence in our approach. Members benefit from and contribute to high-quality referrals, extensive due diligence, professional investment relationships, and collegial collaboration throughout the investment process," added Markus Fromherz, Vice President of the Sand Hill Angels Board.

Jim Connor, Treasurer of Sand Hill Angels, commented: "The quality and innovation inherent in our portfolio companies continues to be impressive.  We, along with our investment partners in the Angel community, continue to create co-investment relationships that allow us to build high-potential diversified portfolios."

About Sand Hill Angels
Sand Hill Angels is a group of Silicon Valley accredited investors who are passionate about entrepreneurship and the commercialization of disruptive new technologies, with early stage investments in promising start-ups. With experience spanning all aspects of growing successful companies -- from the formative stage through management of multi-billion dollar enterprises -- Sand Hill Angels seeks to add value, provide expertise and assistance to these fledging enterprises. The investment focus includes Internet, Mobile Information Technology, Clean Tech, Consumer, and Life Sciences. Sand Hill Angels works openly and collaboratively with venture capital funds, angel organizations, and the Bay Area ecosystem to foster the growth of technology start-ups. For additional information, visit www.sandhillangels.com

Contact Information

  • Media Contacts:
    Sand Hill Angels
    Binay Ackalloor
    Press/Media Committee
    (408) 596-1059
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