Investor profile
The NJIT Highlanders Angel Network, Inc.
Angel syndicate
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NJITHAN strategically invests in promising early-stage ventures connected to NJIT and in the NJ/NY/PA Tri-State Area. The network provides investment capital, mentoring, and access to resources to support High-Tech Life Science & Technology related businesses (e.g. bioscience, information technology, advanced energy, electronics controls, sensors and advanced materials industries). As a group, the network typically provides $100k-$250k+ in funding through preferred securities, with individual member contributions ranging from $25k to $75k+. The network's focus is broad, with particular interest in fintech, AI, and healthcare, but does not include life sciences. The network tends to avoid yet-to-be-approved products in highly regulated industries (e.g., medical devices, drug development, or nutraceuticals) that might pose a risk to life or those that cannot easily be scaled.
Notable quotes
“NJIT Highlanders Angel Network is dedicated to driving entrepreneurship by investing in businesses we feel can have an impact around the world. New Jersey companies are conducting cutting-edge research and engaging in many forms of innovation and we're proud to help fund their ventures.”
“We primarily invest in technology-based companies, but avoid life science companies due to the length of time it takes to bring products to market.”
Team
Recent investments
| Company | Round | Size | Date |
|---|---|---|---|
| Eventcombo | Seed | — | 2018 |
Frequent co-investors
| VC firm | Deals together |
|---|---|
| JumpStart NJ Angel Network | 1 |
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