Mid-Atlantic Angel Group

The Mid-Atlantic Angel Group Funds I & II, LP (MAG I & II) were created to bridge the gap between angel funding and institutional venture capital funding serving the Greater Philadelphia Region. These member-managed funds provide investors with an opportunity for active involvement in diversified venture capital investments throughout Pennsylvania, New Jersey, Delaware, New York, and Maryland. The funds seek to leverage various public and private funding resources and networks by providing equity capital to seed and early-stage, technology-based, high-growth companies. Fund members include experienced entrepreneurs, high net worth individuals, institutions, and other accredited investors interested in realizing a high return on invested capital in Regional technology companies and being a key part of Regional growth. Modeled after the best practices of other successful angel funds operating around the country, MAG I & II are the first formally structured angel capital venture funds in the Greater Philadelphia Region and seek to intelligently leverage Regional and statewide funding and other public and private partnership opportunities. MAG I was formed in January 2005 and has completed investments in 12 companies and has 89 angel and institutional investors. MAG I has completed its funding cycle. MAG II was formed in April 2009 and has 65 angel and institutional investors and is actively seeking to make investments.

Jeff Snellenburg

Executive Director

8 past transactions

CloudMine

Series A in 2015
Rethink how you develop mobile applications. Significantly reduce your time to deployment, total cost, and overall ease of mind when it comes to developing mobile applications, integrating disparate datasets and maintaining IT infrastructures. CloudMine is a Managed Mobility solution that: 1) Eliminates the need for ongoing maintenance and management of mobile applications. 2) Accelerates app development by 70% through mobile-optimized infrastructure and a suite of prefabricated web services. 3) Standardizes your mobility platform to provide IT-approved common tooling across all business units.

Sidecar

Series A in 2014
Sidecar is an e-commerce marketing company that builds the advanced technology retailers need to optimize cross-channel online shopping campaigns. With a team of data science and e-commerce experts, our state-of-the-art machine learning engine, and a massive volume of data, Sidecar is the magic behind retail's most efficient and powerful online shopping campaigns.

Cloudnexa

Series A in 2013
Cloudnexa, a Premier Consulting Partner of Amazon Web Services, is the next era cloud management solutions leader for small and large enterprises or government moving business applications to AWS Cloud and GovCloud. It is an experienced Cloud Service Provider (CSP) dedicated to managed services on Amazon Web Services. It was founded in 2008 and headquartered in Philadelphia, Pennsylvania.

WizeHive

Convertible Note in 2013
WizeHive provides two products focused on helping organizations automate and streamline their business activities. WizeHive Zengine is a next generation cloud-based platform that empowers a non-technical person to quickly build custom business applications, while also allowing developers to extend an application via plugins that add integrations & complex functionality. Zengine can be used to track customers, job candidates, projects or more and replaces paper processes, outgrown spreadsheets, or generic software products. Our original product, WizeHive Select, is the web's leading platform for the intake of applications for grants, scholarships, awards, & competitions. The result is the elimination of paper and time spent copying, collating, and organizing all of that information. In addition, its collaboration and decision making tools provide a simplified way to help them make better, faster decisions. WizeHive Select is being used by over 600 global organizations including Disney, United Way, BlackBoard, & American Heart Association to collect millions of online applications each year.

Molecular Detection

Series B in 2012
Molecular Detection Inc. (MDI) is developing and commercializing a portfolio of "sample-to-answer" Detect-Readyâ„¢ molecular diagnostic tests for the rapid detection of infectious diseases. The company is preparing to launch its first product, the Detect-Ready assay for the rapid detection of methicillin-resistant Staphylococcus aureus (MRSA), a growing problem among hospitals and other health facilities around the globe.

Sidecar

Series A in 2011
Sidecar is an e-commerce marketing company that builds the advanced technology retailers need to optimize cross-channel online shopping campaigns. With a team of data science and e-commerce experts, our state-of-the-art machine learning engine, and a massive volume of data, Sidecar is the magic behind retail's most efficient and powerful online shopping campaigns.

vcopious, Inc.

Private Equity Round in 2011
vcopious, Inc. provides systems and software services that creates virtual business environments. It offers virtual business environments that allow users to engage with customers, prospects, employees, and partners. The company provides VC2 appliance server, a networking, socializing, and tracking tool that is used for keeping data secure. The company's application connects the existing applications, E-commerce, CRM, social media, customer records, learning systems, and contact centers in a virtual business environment. The company was incorporated in 2008 and is based in Conshohocken, Pennsylvania.

Carnegie Speech

Series A in 2007
Carnegie Speech Company, Inc., a speech assessment and tutoring software company, provides speech training technology to help to speak English clearly. It offers Carnegie Speech Assessment, which rate the proficiency of spoken English; Native Accent, which teach to pronounce English clearly; and YOUTH Database, a set of recordings of children reading words, phrases, and sentences in English. The company serves BPO and education markets. Carnegie Speech Company, Inc. was founded in 2001 and is based in Pittsburgh, Pennsylvania.
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