Band of Angels

Band of Angels, established in 1994, is a prominent angel investment group based in Menlo Park, California. Comprising over 130 former and current high-tech executives, the group invests in early-stage, high-technology companies, with a focus on internet, software, life science, and energy sectors within Silicon Valley. They typically invest between $300,000 and $750,000, often leading syndications up to $3 million, expecting to own a third of the company for a $1 million investment. Band of Angels has seeded 225 companies, with 50+ M&A exits and 9 IPOs, investing a total of over $208 million since its inception.

Val Babajov

Angel Investor

Jack Carsten

Co-Founder

Sonja Markova

Executive Director

Ian Sobieski Ph.D

Managing Director and Chairman

Past deals in Car Sharing

AiDEN Auto

Seed Round in 2025
AiDEN Auto is a developer of automotive software that provides a platform for real-time vehicle communication and in-car services. The company's technology facilitates standardized communication across various vehicle brands, allowing third-party developers to interact directly with vehicles. This platform not only supports original equipment manufacturers (OEMs) in managing monetization but also empowers vehicle owners to maintain control over their data. By addressing the delivery and management of digital services, AiDEN Auto aims to enhance the automotive industry's capabilities in communication and service provision.

Car IQ

Series A in 2019
Car IQ Inc. is a technology company that develops and operates a cloud-based vehicle management platform and payment gateway, primarily serving auto dealer groups, car sharing clients, and autonomous drivers. Founded in 2016 and based in San Francisco, California, Car IQ's innovative payment solution allows vehicles to initiate payments directly without the need for credit cards. By leveraging telematics and vehicle data, the platform connects vehicles to service and repair providers, streamlining transactions and enhancing security. It provides detailed vehicle insights for fleet management, enabling clients to monitor transactions and reduce the risk of fraud. Additionally, Car IQ consolidates all transactions into a single ledger, simplifying reconciliation and allowing fleets to manage their expenses more effectively.

Car IQ

Seed Round in 2017
Car IQ Inc. is a technology company that develops and operates a cloud-based vehicle management platform and payment gateway, primarily serving auto dealer groups, car sharing clients, and autonomous drivers. Founded in 2016 and based in San Francisco, California, Car IQ's innovative payment solution allows vehicles to initiate payments directly without the need for credit cards. By leveraging telematics and vehicle data, the platform connects vehicles to service and repair providers, streamlining transactions and enhancing security. It provides detailed vehicle insights for fleet management, enabling clients to monitor transactions and reduce the risk of fraud. Additionally, Car IQ consolidates all transactions into a single ledger, simplifying reconciliation and allowing fleets to manage their expenses more effectively.
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