Investor profile

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Angel Street Capital, LLC

Micro-fund

USB2B SaaSFintechConsumerMarketplacesOther

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Investment thesis

Angel Street Capital was formed in 2010 to invest in early-stage digital media companies, with a particular connection to the audio industry. The firm's managing members — who have founded and operated radio stations, telecom tower portfolios, online news sites, digital audio companies, and in-vehicle data analytics businesses — focus on seed-stage investments in audio ad tech, B2B SaaS, telecom infrastructure, tech-enabled services, information technology, fintech, and marketing/advertising technology. They take an active, hands-on role with portfolio companies, leveraging their experience and contact networks as board members and advisors. The fund is no longer making new investments, though its managing members continue to make personal equity investments in early-stage companies.

Notable quotes

Angel Street Capital was formed in 2010 to invest in early stage digital media companies. We eventually strayed well beyond this fence but in general there usually was a connection to the audio industry. Over the years Angel Street Capital has helped entrepreneurs turn their own ideas and visions into successful companies.

Joe Gallagher & Bob Maccini · https://www.angelstreetcapital.com/blank-1

Angel Street Capital provides equity capital to early stage digital media companies. The firm works closely with the CEO of its portfolio companies to leverage contacts and assist in business development.

Angel Street Capital · https://vcnewsdaily.com/draftkings/venture-capital-funding/ddmyhdvygp · 2012

Angel Street Capital invested in DraftKing's first external equity raise. One of the founders of DK had worked at one of our prior portfolio companies and we believed in the management team and opportunity in fantasy sports. Little did we realize that betting would be legalized.

Joe Gallagher & Bob Maccini · https://www.angelstreetcapital.com/blank-1

Team

Joe Gallagher

Managing Director

B2B SaaSFintechOther

Bob Maccini

Managing Director

B2B SaaSFintechOther

Recent investments

CompanyRoundSizeDate
DraftKingsSeed$1m2012-07-18
VoltServerSeries A$5m2015-11-18
PlacesterSeed2013-04-29
flexEngageSeries A2014-03-21
SharetownSeed
GoLocalSeed
Drive Time MetricsSeed
FundationSeed
On The Spot SystemsSeed2012-01-11
iWeb (BSCP IW Holdings)Seed

Frequent co-investors

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