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37 Angels is a New York City-based angel investment network and educational community that provides funding to early-stage startups while training women to evaluate and invest in private companies. Operating with fewer than 25 employees and generating approximately $6.3 million in revenue, the organization coordinates a network of over 100 women investors. The group reviews more than 2,000 startup pitches annually to select approximately 10 seed-stage companies for investment. Members contribute individual checks of around $25,000, culminating in total deal sizes ranging from $50,000 to $250,000 per startup across a sector-agnostic portfolio of over 100 companies. The network's diverse portfolio includes recognizable technology and consumer brands such as The Muse, Billie, FLYR Labs, and Top Hat. 37 Angels was founded in 2012 by Angela Lee.
Key people at 37 Angels.
37 Angels is an angel investment network founded in 2012, primarily composed of over 90 women investors who collectively fund 10 high-potential seed-stage startups annually from 2,500 reviewed. It focuses on early-stage companies raising $500K-$3M with $50K-$500K in revenue, investing $50K-$200K per deal via individual $25K checks from members. The firm's mission emphasizes education, transparency, and empathy in demystifying startup investing for both investors and founders, with a portfolio that's sector- and geography-agnostic (80% tech, 45% B2B, 65% NYC-based, ~1/3 women-led).[1][2][3][4][5] Its investment philosophy prioritizes impressive teams in attractive markets, providing post-investment support like introductions, advice, and syndication from its network, significantly impacting the startup ecosystem by activating women's capital and expertise while fostering operator-led guidance.[1][2][4]
37 Angels was founded in 2012 by Angela Lee, an award-winning Columbia Business School professor with decades of venture capital experience, in New York City. The network evolved from Lee's vision to empower women as active angel investors, starting as an educational platform and growing into a deal-syndicating group that reviews thousands of pitches yearly. Key evolution includes launching a bootcamp for accredited investors—requiring $4,500 first-year dues and one $25K investment annually—where members perform diligence on real deals alongside mentors, reflecting a shift toward hands-on, peer-driven training for professionals entering early-stage investing.[3][4][5]
37 Angels stands out in the angel investing landscape through these key strengths:
37 Angels rides the trend of diversifying venture capital by unlocking women's untapped capital and networks, addressing gender gaps in funding where female-led startups receive less than 3% of VC dollars. Its timing aligns with rising demand for seed-stage empathy-driven investing amid economic pressures on founders, favoring US-incorporated tech firms (80% of portfolio) in B2B/B2C models. Market forces like increased angel syndication and remote deal flow benefit its NYC-centric but agnostic approach (65% NYC-based). It influences the ecosystem by educating new investors, boosting women founders (1/3 of deals), and providing operating leverage through its operator-heavy membership, amplifying underrepresented voices in a male-dominated space.[1][2][3][5][6]
37 Angels is poised to expand its influence as women's participation in VC grows, potentially scaling chapters beyond NYC and deepening life sciences/consumer tech bets amid AI-health and sustainability booms. Trends like democratized investing tools and founder-operator networks will shape its path, evolving from education-focused to a broader syndication powerhouse. Its emphasis on team-market fit positions it to nurture resilient startups in volatile markets, reinforcing its role in building a more inclusive ecosystem from the seed stage onward.
Key people at 37 Angels.
