Efficient, transparent process
Efficient, transparent process
Apply through Gust - we start with a 20 min call to determine mutual fit
We invest $50-200K as a network into each company (most angels invest $25K each)
Every 2 months, 8 companies (out of the 500 that apply) pitch to our investors
Single point of contact; see what founders have said about our efficient process
Over 3/4 of the testimonials below came from companies we didn't end up funding - we are proud of this because it demonstrates our value to the start-up ecosystem above and beyond investment dollars.
“We have worked with a number of angel groups throughout the course of our seed raise, and without question our experience with 37 Angels has been the most efficient and most organized process we have seen. Such an approach, makes a tremendous difference to founders, regardless of whether a group chooses to invest or not.”
- Mia Abbruzzese, Co-Founder & CEO Attn:Grace
“Working with Angela and 37 Angels has been amazing. They made up a large chunk of our seed round (directly or indirectly), and I have enjoyed working with them more than many of the investors I met in Silicon Valley and at Y Combinator Demo Day. They are quick, respectful of founders’ times, and great partners to have on your startup journey. Highly recommended; no-brainer."
— Deepak J. Chhugani, Founder & CEO The Lobby
"37 Angels is an angel group that makes entrepreneurs feel the most welcome and accepted. Almost everyone in the room genuinely wants to help companies, even beyond fundraising. On top of that, we very impressed by the efficiency and organization of their whole process. Know that you’re in good hands when it comes to this group!"
— Tuan Ho, Co-Founder & CEO ScholarJet
“Angela and 37 Angels are a breath of fresh air to the venture community in NY. I’ve never met anyone who offered advice so freely through all stages of development and fundraising. It’s clear that the organization is looking to make a big impact in the tech community. It is also extremely refreshing to work with an organization that understands the pain points of fundraising, and has taken those pain points into consideration when designing its seamless pitch process. Would highly recommend to all other entrepreneurs.”
— Jessica Brondo, Founder Admittedly
“37 Angels are fast, transparent, and a pleasure to work with. They understand the complexities faced by entrepreneurs and have developed an incredibly friendly, streamlined process for the applicants. I would highly recommend 37 Angels to other startups.”
— Sage Wohns, Founder Agolo
“37 Angels operates at the same pace as startups. Other angel groups are notorious for taking up to 9 months to make a decision. Most investors acknowledge that fundraising is incredibly time consuming, yet few do anything about it...except for 37 Angels. I hope that 37 Angels will set a new standard for Angel groups and institutional investors by making the fundraising process more efficient so founders can focus on what really matters: running their business.”
— Julia Shapiro & Jules Miller, Hire An Esquire
“The most genuine and thoughtful engagement I’ve had in the investor community. Angela Lee is a joy to work with. From the beginning conversations were candid and holistic and i emerged informed and fully equipped for future ones. Angela has a particular ability in accessing the human behind the startup”
— Ben Jenkins, Founder Sympler
“The 37 Angels pitch event was probably the most entrepreneur-friendly pitch day I’ve ever experienced”
— Jessica Bloomgarden, Founder Aftersteps
“Joining the 37 Angels community has been an incredible and refreshing experience. This team of intelligent and helpful members has greatly improved our network as new entrepreneurs in the NYC area. The process moving from introduction to the pitch floor was very efficient and completed in a new innovative format that allows rounds to be closed within a month. The 37 Angels group is changing the way start-ups get funded and connected.”
— Derek Pacque, Founder & CEO Chexology
“We found the application process to be very straightforward. Knowing the timeline for stages of moving through the process has eased stress and managed expectations on our end. We know what exactly is expected, when and in what format. Thank You!!”
— Christine, Yitz and James of PAAY
“37 Angels has been a real pleasure to work with, as well as speedy. HeTexted is thrilled to be partnering with an incredible group of investors. They ensured the process was both smooth and transparent for us as entrepreneurs”
— Lisa Winning, Founder HeTexted
“Fast, responsive and regardless of the outcome, I felt that with 37 Angels, I was given the opportunity to tell the story of the company before judgment was passed. One of the best angel groups we worked with - made sure we and they were ready for the process - appreciated the speed”
— Wendy Nguyen, Co-Founder Healthy Out
“Unbound Concepts was thrilled to be a part of the 37 Angels pitch process. From inception to end the process was smooth and atypical of what one would expect in the normal pitch process. Thank you 37 Angels!”
— Katie Palencsar, Founder Unbound Concepts
“I have had a great experience working with 37 Angels - the group is well organized and thoughtful in their evaluation of companies. I had the pleasure of meeting with Angela Lee. Right from the getgo, she was very helpful in sharing contacts, explaining her perspective on the industry, and helping us refine our pitch. I’ve met with hundreds of investors in the past, and Angela is definitely one of the best! I strongly encourage anyone that has the opportunity to do a feedback session with this group.”
— Dan, Founder Board Vitals
“37 Angels have a clear and fast screening process. Renee has been extremely pleasant to work with, and she has already added value by making crucial introductions - even before the pitch event! I highly recommend 37 Angels to every entrepreneur.”
— Ilya Zatulovskiy, Founder App Architect
“My experience so far with 37 Angels has been impressive. Investment criteria is intelligent and clear. Communications and decision making have been prompt, constructive and professional.”
— Marta, Founder Truth In Aging
“It’s been one of the most pleasant experiences working with angel investors. Throughout the process we were very clearly informed of all aspects ranging from investor mandates, process and requirements. Jenny and the team were immensely founder friendly and respect our time. We wouldn’t hesitate to recommend 37 Angels as the first port of call to exceptional entrepreneurs in our network.”
— Eran Eyal & Evan Walther, Founders Springleap
“37 Angels is one of the most efficient and entrepreneur-friendly angel groups I have encountered. They create an environment where networking is encouraged and help entrepreneurs make strategic connections – while cultivating new angel investors. A clear win/win.”
— Karen Bantuveris, Founder VolunteerSpot
“37 Angels is clearly passionate about helping entrepreneurs. They make it easy to focus on building out our business rather than on obtaining funding. Their willingness to provide constructive feedback and make connections builds trust and sets the standard for what to expect from investors.”
— Robert Seo, Founder Slidejoy
When can I apply for funding?
We have pitch forums every 2 months and we review applications on a rolling basis. We encourage you to apply at least two weeks before our next forum in order to have the best chance of being reviewed in the current cycle. We have pitch forums in Feb, Apr, Jun, Sep, and Nov (we take August and December off). Our next pitch forums are Feb 21, 2025 and Apr 25, 2025.
Do you only invest in women-led businesses?
No, we invest in men and women-led businesses (our portfolio is about 1/3 women founders which reflects our deal flow)
Do you only invest in a specific sector / Do you only invest in startups based in New York?
We are sector and geography agnostic as you can see from our portfolio. We do, however, tend to invest in companies incorporated in the US. Of our portfolio companies:
80% are technology startups
45% are B2B, 30% are B2C, 25% are B2B2C
65% are NYC based (this reflects our deal flow rather than a specific preference)
What do you look for in startups?
Impressive teams in attractive markets: Since we invest early, the team is paramount.
Traction: You should have at least 6 months of customer data. Most of the companies we fund have between $50K-500K in revenue.
Stage: We are seed investors. Usually, we invest in companies raising between $500K-$3M.
In-person pitch: Our pitches are in NYC. We feel that being in person gives the entrepreneurs the best chance at getting funded.
Is there a sector you won't invest in?
We tend to stay away from hits-based industries: retail brands, games, movies, etc.
We tend to stay away from industries with extremely high capital costs and long GTM timelines: life sciences, clean energy, etc.
Do you invest as a syndicate?
No - while we coordinate the process (signatures on term sheets, collection of checks), your cap table will reflect individual angels. We typically invest $50-$200K into each startup (usually each investor writes a $25K check).
What happens post-investment?
We start by asking you where you need help. We then ask our network of 90+ investors to help with introduction, advice, and deal syndication.
Do you sign non-disclosure agreements (NDAs)?
As a rule, we do not sign NDAs. We receive so many pitch decks and executive summaries each week that if we signed every NDA request, we would quickly be overwhelmed with legal documentation. This is a standard process in seed-stage investing.
“37 Angels has been by far the most transparent and considerate of all the angel groups we've dealt with. And since funding us, they've proven to be some of our most helpful investors.”
— Bharath Krishnamoorthy, Co-founder & CEO Axle