List of Female Angel and Early-Stage Investors in Tech

From McKenzie Burnett on Medium. June 8, 2015

Researching all these individuals and their experiences, I felt like I was reading about the superheroes of the tech startup world.

I am starting a software company with a few friends. As a mixed-gender founding team, we all believe strongly in gender equity and in the collective strength brought by diverse teams. We wanted this to translate into a gender-diverse board of investors and advisors.

Why is this important? As Sukhinder Singh Cassidy, founder and CEO ofJoyus, mentions in her article promoting entrepreneurs to #ChoosePossibility, “Diverse thinking can benefit private tech boards potentially even more than public ones, and there is no reason to wait.” Everyone can benefit from a diversified investor board. Cassidy gives one option for achieving this diversity, saying, “Entrepreneurs seeking to enhance their startup’s performance can choose today to add their first qualified female board member or investor.”

When I went to research early-stage investors, however, I found it incredibly difficult to find anyone other than male investors in my startup’s space (application infrastructure/PaaS/enterprise). Determined, I found with a little digging that the information I was looking for was there — it was just scattered across the internet. Starting with female investors, I consolidated my findings into a descriptive list of experienced angels and early-stage investors with experience in all sorts of tech, so that anyone can easily use it to choose today to pursue diverse investor and advisory boards.

In addition to doing my own research, I’ve talked to top investors, industry leaders, and close friends to source content for this list. I hope it will serve as the beginning of a growing resource and discussion. Anyone can suggest additions and offer their own experiences working with gender-diverse investors in the tech industry, thus adding to the public knowledge and reputation of each of these awesome individuals.

Angel networks


#Angels. A group of some of the most powerful women at Twitter (or formerly at Twitter), these six angels are investing individually but still pooling their collective expertise around their investments. The individuals are included in the list below.

37 Angels. Awesome network of female angels. Invests in deals between $50k and $150k. They “also offer an unique training program to educate novice angels in the fundamentals of investing in young companies,” according to their website.

Broadway Angels. This network of around 20 angels is “an angel investment group made up of world-class investors and business executives who all happen to be women.” While they mostly invest in information technology, they are open to other areas of investment, as well. The individuals are included in the list below.

Female Investors Opportunities List. Collection of over 100 female investors, organized by Sarah Kunst. According to Sarah’s Medium article, “It’s a Google Group comprised of every female startup investor you know of and tons you don’t. They’re smart, they write checks and they are available to speak, be interviewed, mentor, judge and invite to your super private influencers dinners. They’re from all over the country, they will travel for the right opps and they provide insight and capital you’re otherwise lacking.” Email kunstsar at gmail with any opportunities and she will share them with the group.

Golden SeedsWith both an angel network and a venture capital side, this organization strongly supports female investors and is one of the largest and most well-known female angel networks in the country. With offices in New York, Boston, Silicon Valley, Southern California and Texas, Golden Seed’s angel network covers some of the biggest tech hubs in the United States.

Pipeline Fellowship. With the characteristic t-shirt slogan, “This Is What an Angel Looks Like,” Pipeline is all about changing the face of angel investing through training women to be angel investors. While they do focus on social entrepreneurship, this would be a great place for any entrepreneur to start looking to build relationships with a number of the country’s top female angel investors. Founded by Natalia Oberti Noguera.

Angels and early-stage investors


Aileen Lee, Founder of Cowboy Ventures, Partner at KPCB. Typically invests $100k-$1m per deal. Invests in wide variety of tech, such as enterprise, mobile, analytics, payments, e-commerce, SaaS. Has invested in Librato, Rent the Runway, DocSend, and a number of other companies. Also part ofBroadway Angels.

Alicia SyrettFounder and CEO of Pantegrion Capital. Typically invests $10k-$50k per deal. Invests in consumer internet, e-commerce, and mobile. Invested in Little Passports, Golden Seeds, HeTexted, BeautyBooked, and more. Board member of New York Angels.

Allison Thoreson BhursiAngel Investor. Typically invests $10k per deal. Invests in health tech, mobile, and education. Invested in Boostable, True Link, MasteryConnect, LocoMotive Labs, and more. Twenty years of business experience in finance, consumer products and technology. Previously worked for eBay’s Business Incubation Group with a focus on social and mobile e-commerce. Also part of Broadway Angels.

Amy BanseManaging Director and Head of Funds of Comcast Ventures. She “spent the early part of her career overseeing the development of Comcast’s cable network portfolio” according to her bio on the Broadway Angelswebsite.

Ana Díaz-HernándezInvestment Associate at Kapor Capital. Invests in seed startups w/ social impact, in markets like consumer internet, enterprise software, mobile, healthcare, education, and fintech.

Andrea ZurekFounding Partner of XG Ventures. Typically invests $25k-$100k per deal. Invests in consumer internet (mobile, video, gaming, social media, and online media sectors), but also scopes wider to include SaaS, cloud computing, and analytics. Prolific investor, has invested in Facebook, Apptimize, Keen IO, and over 50 other companies.

Angela LeeFounder of 37 AngelsExperience in education space. Assistant dean at Columbia Business School.

Anita BreartonFounder of CabinetM. Typically invests $10–25k per deal. Invests in consumer internet, digital media, IT. Invested in Crimson Hexagon, Lark, Gracious Eloise. Based in Boston.

Ann Miura KoCo-Founding Managing Partner of Floodgate. Typically invests $500k-$1M per deal. Invests in enterprise software and mobile. Invested in Lyft, Modcloth, Refinery29, TaskRabbit and others. Also a Stanford PhD/lecturer.

Annie KadavyInvestor at CRV. Invests in all kinds of tech, including SaaS, retail, design, electric vehicles, bicycles, transportation, and more. Invested in Patreon, DoorDash, ClassPass, Cratejoy, and Laurel & Wolf.

Anu DuggalFounder of Female Founders Fund. Invests in consumer internet.Invested in Manicube, Dating Ring, Loverly, Maven, Minibar, and F Cubed. Female Founders Fund invests seed capital and mentorship in women entrepreneurs.

April UnderwoodFounding Partner of #Angels. Invests in cleantech, healthcare, enterprise, and more. Invested in Glassbreakers, Hale Health, and Cue Health. A ton of experience with product development from her time as Director of Product at Twitter.

Beth Ellyn McClendonAngel Investor. Typically invests $100k–$200k per deal. Invests in a wide variety of tech, including hardware. Invested in Leap Motion, Shyp, AngelList, Lightbox, and others.

Caryn EffronManaging Director of Ackman-Ziff. 20 years of experience in commercial real estate finance, founded GoGirl Finance. Member of Pipeline Fellowship. Focus on education, real estate, and finance.

Caterina FakeFounder Partner of Founder Collective, Chairman of Etsy.Invests in a wide variety of tech. Previous co-founder of Flickr and Hunch, Caterina currently serves as both an investor and chairman of Etsy. Also has invested in Chloe + Isabel, Typekit, Wavii (acquired by Google), and Zipongo.

Chloe SladdenFounding Partner of #Angels. Invests in cleantech, mobile, health, digital media and analytics. Invested in Cleanly, Other Machine Company, Moxxly, and Blockchain Capital. Brings experience in digital media as the former Vice President, North American Media at Twitter.

Christina BechholdInvestor at Samsung Open Innovation Center. Also co-founded Empire Angels. Invests in e-commerce, social media, fintech, IoT, consumer internet, and more. Invested in Hullabalu, weeSpring, StatSocial, Human Demand, ZoomCar India, MyDROBE, and The Infatuation.

Christina BrodbeckFounding Team Member of YouTube. Typically invests $15k–$25k per deal. Invests on consumer tech, with a skillset/focus on UI/design. Invested in Storify, Fobo, inDinero, and others.

Christine HerronInvestor at Intel Capital. Typically invests $5k-$15m per deal. Invests in consumer tech. Invested in Goldbelly, Yummly, FundersClub, and others. Also serves as a Board Advisor to StartX and a Venture Advisor at 500 Startups.

Cindy PadnosFounder and Managing Partner of Illuminate Ventures.Typically invests $100k-$500k per deal. Invests in all sorts of tech, including cloud computing, mobile, enterprise, SaaS, sales automation, marketing, and more. Invested in Influitive, Sense, yozio, Unshackled, Coupang, Allocadia, BrightEdge Technologies, Red Aril, and more.

Claudia IannazzoAngel Investor. Invests in mobile, social media, digital media, advertising, and more.

Cyan BanisterAngel Investor. Typically invests $50k-$1m per deal. Invests in consumer internet, enterprise, Bitcoin, SaaS. Invested in Uber, Rapportive, Zappos, and many more. As someone commented on AngelList, getting early/lead investment is a sign “that many other angels watch.” Find Cyan on Twitter.

Eileen BurbidgeFounder Partner at Passion Capital. Typically invests $250k per deal. Invests in mobile, B2B, analytics, and more. Invested in Mattermark, Maven, DueDil and others. Product and business development experience at Apple, Skype, Sun. Based out of London, so she has strong contacts in both the U.S. and the U.K./Europe. Invests as an angel and as a partner at Passion Capital.

Ellen LevyManaging Director of Silicon Valley Connect. Recently referred to as the most connected woman in Silicon Valley. Invests in all sorts of tech, ranging from application platforms to hardware to education. Extensive experience working in senior leadership for LinkedIn and Apple, as well as with Stanford University. Invested in RelateIQ and Piazza, among others. Also part of Broadway Angels.

Ellie WheelerInvestor at Greycroft Ventures. Invests in all sorts of tech, including enterprise software, B2B, e-commerce, automotive, and social ventures. Invested in Xobni, Plain Vanilla Games, Daily Secret, Mister Spex, NuORDER,, BaubleBar, and Fisoc.

Emily MeltonPartner at DFJ. Invests in mobile, cleantech, healthcare, and enterprise software. Invested in Pulse and Other Machine Company. Advisor to Poshmark. Formerly a partner at DFJ. Also part of Broadway Angels.

Heidi RoizenOperating Partner at DFJ. Invests in consumer internet, social media, digital media, and mobile. Invested in Draper University, Vango, and advised Socialize. As someone mentioned on AngelList, “Heidi is a legend in Silicon Valley (just go look up the HBR case study on her).”

Irena GoldenbergAngel Investor. Invests in e-commerce, games, social media, mobile, payments. Investor in Privalia, Spartoo, Photobox, and Glassesdirect.

Jalak JobanputraFounder/Managing Partner of FuturePerfect Ventures.Typically invests $50k-$500k per deal. Invests in enterprise software, mobile, analytics. Investor in Ticketfly, Thumbplay, Outside.In, and others. Also an advisor for L’Oreal and an investor at Intel Capital.

Jana MesserschmidtFounding Partner of #Angels. Invests in developer APIs, Android, mobile, social media, and more. Currently Vice President of Global Business Development & Platform at Twitter.

Jennifer CarolanFounder of Reach Capital (NewSchools Venture Fund).Typically invests $50k per deal. Invests heavily in education, with a broad depth of experience in the education space. Invested in NoRedink, Motion Math, Engrade, MasteryConnect, CodeHS, and more. Also part of Broadway Angels.

Jennifer LumFounder of AdelphicTypically invests $10k-$25k per deal. Invests in all kinds of tech, including backend/cloud services. Invested in Crashlytics, Kinvey, and TribeHR. Based out of Toronto/Boston.

Jennifer Scott FonstadFounder of Broadway Angels, Co-Founder of Aspect Ventures. Typically invests $250k-$1m per deal. Invests in mobile applications, consumer and enterprise application services, and energy management. Invested in Athenahealth, Achex, NetZero, and more. Currently managing director of Draper Fisher Jurvetson.

Jenny FieldingAngel Investor. Typically invests $20k per deal. Invests in wearables, mobile, IoT, consumer tech. Invested in Techstars, Kinetic, Bitfinder, and others.

Jenny LefcourtFounder of WeddingChannel and Bella PicturesTypically invests $500k-$1m per deal. Invests in marketplaces, mobile & enterprise. Invested in Main Street Hub, MomentFeed, P. Relan YouWeb Incubator, and Shuddle.

Jessica LivingstonFounder of Y-Combinator. Probably one of the most influential women in the startup/investor world, AngelList only lists one investment for Jessica — Wevorce. Her experience at Y-Combinator speaks for the rest.

Jessica PeltzInvestor at kbs+ Ventures. Typically invests $100k per deal. Invests in mobile, location-based services, retail, big data, analytics, and more. Invested in Adsnative, wedgies, Mezzobit, Roost, Indicative, and MONTAJ.

Jessica VerrilliFounding Partner of #Angels. Invests in mobile, analytics, digital media, enterprise software, social commerce, SaaS, and more. Invested in ZenPayroll, Getable, and Philz Coffee. Formerly Director of Corporate Development & Strategy at Twitter, now a partner at Google Ventures.

Jill PreotleAngel Investor. Typically invests $50k-$100k per deal. Invests in all sorts of tech, including mobile, marketplaces, consumer goods, fashion, and e-commerce. Invested in TaskRabbit, ezCater, Zipcar, Playrific, Rifiniti, Crimson Hexagon, and RallyPoint.

Joanna Drake EarlAngel Investor. Invests in mobile, social media, supply chain management, and more. Invested in Feed Media, Rocksbox, SupportPay, Other Machine Company (OMC), and more. Founded Current TV and sold to Al Jazeera. Immense experience in intersection of technology, consumer, media and television sectors. Also part of Broadway Angels.

Joanne WilsonAngel Investor. Typically invests $10k-$100k per deal. Invests in all sorts of tech, including e-commerce, online retail, big data, analytics, and more. Invested in Blue Bottle Coffee, LE TOTE, EDITD, Hullabalu, and over 50 more companies.

Joyce ChungManaging Director at Garage Technology Ventures. Typically invests $100k-$1m per deal. Invests in cleantech, IT and internet startups. Invested in SimplyHired, WhiteHat Security, and Zilliant.

Julia PopowitzAngel Investor. Typically invests $25k–$50k per deal. Began her career after graduating from Harvard Law School at Wilson Sonsini Goodrich Rosati, and then moved on to Facebook in 2006 as the second attorney in the legal department. Has a wide breadth of investments including focus areas in e-commerce, mobile, digital media, SaaS, big data, finance, and more. Invested in Uber, Stripe, Ali Baba, Palantir, Survey Monkey, Locu, Spreecast, ZenPayroll, and more. Also part of Broadway Angels.

Julie BlancInvestor at Two Sigma Ventures. Invests in consumer internet, enterprise software, SaaS, robotics, and more. Invested in Two Sigma Ventures and Pluralsight.

Julie ChinAngel Investor. Typically invests $5k-$25k. Invests in mobile and other markets. Invested in Heroku, RidePal, and 280 North.

Katherine Barr, General Partner at Mohr Davidow Ventures. Invests in a lot of different types of tech, including IoT, healthtech, and big data/analytics. Invested in Ticketfly, Visible Measures, and Retention Science. Advisor for 500 Startups.

Katie Jacobs StantonFounding Partner of #Angels. Invests in cleantech, health care, digital media, social media, analytics and more. Invested in Lowercase Capital,, Shape Security, and iAutos (China). Currently Vice President of Global Media at Twitter.

Katie RaeInvestor at Techstars. Typically invests $10k-$50k per deal. Invests in internet tech. Invested in peerTransfer, Spindle, and Bison. As someone on AngelList mentioned, “[Katie] finds a way to be on the entrepreneur’s side and build them up — for real, and for good — rather than simply point out problems. Even if she’s giving you tough love, you know she’s in your corner helping you get out there to go another round.”

Kay KoplovitzFounder of Boldcap Ventures, Springboard, and USA Network. A serious veteran in the media/television world, Kay now focuses on helping women-led companies in technology and life sciences. Also founded NY Fashion Tech Lab (NYFT Lab).

Kelly HoeyAngel Investor, Columnist in Invests in various tech sectors with a heavy focus on mobile. Investoed in Levo, Hullabalu, SQL Vision,, Smigin and CloudPeeps. Prior investments include AppGuppy (acquired by Flow) and Philantech (acquired by Altum). Sits on the boards of two startup accelerators, JuiceLabs (Cairo) and Tampa Bay WaVE. Also the Chief Technology Ambassador for the YWCA of NYC’s Geek Girls Club.

Kelly Quann BianucciManaging Principal at Discover Capital LLC. Typically invests $25k per deal. Invests in aerospace, consumer internet, enterprise software, healthcare, and more. Investor in TrueFacet, TomboyX, Storyvine, Pharmajet, and Investor’s Circle. Based in Denver.

Kim PoleseFounder of Marimba. Invests in all sorts of tech, including hardware, enterprise software, mobile, and healthcare. Invested in TrustedID and Vonage. Also part of Broadway Angels.

Kirsten GreenFounder of Forerunner Ventures. Typically invests $500k per deal. Forerunner Ventures focuses on “technology enabled consumer companies.” Invested in Bonobos, Warby Parker, Dollar Shave Club and Birchbox, among others.

Kristina MontagueManaging Partner at TheJumpFund. Invests in clean tech, mobile, enterprise software, and more. Invested in Feetz, eDivv, Rimidi, Rooibee Red Tea Company, and SuperFanU.

Lara DruyanAngel Investor. Typically invests $50k per deal. Invests in application platforms, e-commerce, mobile, big data, and other software. Invested in Quixey, Powerset, and Index. Formerly General Partner at Allegis Capital.

Lauren FlanaganFounder of BELLE Capital USA, Phenomenelle Angels Fund.Typically invests $25k-$500k per deal. Invests in SaaS, big data, e-commerce, mobile, biotech, wearable tech. Invested in Eragen Biosciences, Stemina Biomarker Discovery, Finomel, and more.

Laurie YolerSVP Business Development and President of Qualcomm Labs.Typically invests $50k-$100k per deal. Invests in digital media and consumer goods. Invested in Tesla, Packet Design, and others. Founder of GrowthPoint Technology Partners. Also part of Broadway Angels.

Leslie BlodgettCEO of Bare Escentuals. Transformed Bare Escentuals from a small Bay Area store to a cosmetic empire, taking the company public in 2006 and seeing it through a $1.8 billion acquisition by Shiseido, the Japan-based leading cosmetics company. Leader in the cosmetic/beauty industry, servces on the board of Cosmetic Executive Women (CEW). Also part ofBroadway Angels.

Linda HollidayFounder and CEO of Citia. Typically invests $25k–$100k per deal. Invests in digital media. Invested in Small Demons, Comixology, and SetJam.

Lorine PendletonAngel Investor. A Pipeline Fellows alumna, Lorine invests in mobile, legal tech, clean tech, consumer internet, enterprise software and more. Invested in Hire an Esquire, Traklight, and Cisse Trading Co.

Magdalena YesilAngel Investor. Invests in SaaS, cloud computing, security, and more. Invested in, 3Ware, Claria, Securify, and Valicert.

Maha IbrahimGeneral Partner at Canaan Partners. Typically invests $2m-$5m per round as a partner at Canaan. Invests in data centers, internet infrastructure, networking, digital media, video games and more. Invested in Kabam, Mobilitec, Virsto Software, 3Crowd Technologies, SenSage, eBillMe, Pickspal, and Inhale Digital. Also part of Broadway Angels.

Mar HershensonFounder of Tocata Mobile, Sabio Labs, & Barcelona Design. Invests in consumer internet, enterprise software, mobile, and healthcare. Invested in Qwiki, Heap, Washio, True & Co, Lumoid, DoorDash, Wevorce, and Sensor Tower.

Marissa CampiseVice President at Venrock. Typically invests $250k in a seed round deal. Invests in mobile and IoT. Invested in Klout and Netservice. Also a Senior Associate at Greycroft Partners.

Mary Jane ElmoreAngel Investor. Invests in specialty foods, e-commerce, digital media, advertising, and more. Invested in Deal Decor and Foodydirect. Former General Partner of and current advisor to Institutional Venture Partners (IVP). Also part of Broadway Angels.

Meagan MarksAngel Investor. Typically invests $15k-$30k. Invests in mobile, social media, and more. Based in London.

Megan QuinnPartner at Kleiner Perkins Caufield Byers. Invests in consumer internet & mobile. Invested in Square, Uber, Remind, Slack, Codecademy, Nextdoor, Quirky,Shyp, Level Money, and Tradesy. Formerly led product at Square and Google.

Miriam RiveraCo-founder of ULU Ventures. Typically invests $25k-$100k per deal. Invests in enterprise software, IT. Invested in Palantir, GCommerce, Huddler, Jubon, Matchbin, and more. Also part of Stanford Angels.

Natala MenezesAngel Investor. Typically invests up to $50k per deal. Formally worked at Google, Amazon, and Microsoft and has experience with product design, UX and go-to-market decisions. Invested in Shift and Belle Clementine.

Nisa Amoils, Angel Investor. Typically invests $10k-$100k. Invests in consumer internet/goods, beauty, health and wellness, food and beverages, nutraceutical/nutrition. Member of NY Angels and 37 Angels, involved with Wharton Entrepreneurs.

Patricia NakachePartner at Trinity Ventures. Interested in the “impact of mobile and social media on the next generation of Internet services.” Invested in Eat Club, Kixeye, Lucky Group, Owler, RelayRides, Ruby Ribbon, and ThredUp. Also part of Broadway Angels.

Paula BrooksAngel Investor. “Paula was an active leader during the formative years of the software industry. She was first an executive at various enterprise infrastructure technology companies, then an entrepreneur and later an angel investor and active director of several more including WebMethods, Descartes Systems Group and Systems Center.” Also active politically, having served as a White House Fellows Commissioner under President George W. Bush. -Broadway Angels bio

Sapna ShahFounder of Retail Eye Partners & Mind the Chap. Invests in retail, digital media, e-commerce, fashion, consumer internet, fashion tech, and wearables. Invested in BeautyBooked, Iterate Studio, Wine for the World, Section 101.

Renata QuintiniInvestor at Felicis Ventures. Invests in all kinds of tech, including education, healthcare, social media, SaaS, and more. Invested in, Twice, Cambrian Genomics, and Kiwi Crate.

Sarah GuoInvestor at Greylock Partners. Typically invests $100k-$25m per deal. Invests in cloud infrastructure and enterprise software. Invested in Dropbox, Camio, Skyhigh Networks, and Avi Networks.

Sarah KunstInvestor at Mohr Davidow Ventures. Invests in drones, farming tech, retail tech, mobile, marketplaces, finance and consumer internet. Invested in Zuckerberg Media. Also writes for The Daily Beast and According to someone on AngelList, Sarah brings “[t]remendous insight into all things user growth and acquisition, tech, finance, venture. Honest, truthful, and possesses a lightning-quick wit.”

Sarah TavelProduct at Pinterest. Typically invests $10k per deal. Invests in mobile, e-commerce, social media, retail, and mobile advertising. Invested in Convertro, The Fridge, Pinterest, and more.

Shana FisherManaging Partner of High Line Venture Partners. Invests in all kinds of tech — B2B, enterprise, consumer, mobile, SaaS, cloud computing, etc. Invested in Knewton, Pinterest, Tilt, Onename, Makerbot, and more.

Shanna TellermanPartner at Google Ventures. Invests in consumer internet, enterprise software, and mobile. Invested in LE TOTE,, and Wanderable. Also founded Sim Ops Studios, which was acquired by Autodesk.

Sharon VosmekCEO of AstiaInvests in cleantech, consumer internet, mobile, and enterprise software. Invested in Poshly, nVision Medical, Sandstone Diagnostics, RenovoRx, FINsix, EcoTensil, Prima-Temp.

Sharon WeinbarPartner at ScaleVP. Invests in mobile and internet companies. Led ScaleVP’s investments in Teros (acquired by Citrix), MerchantCircle (acquired by and Glu Mobile (IPO). Extensive experience working at Adobe Systems. Serves on the board of directors for Microsoft’s Venture Advisory Committee. Also part of Broadway Angels.

Sherry CoutuAngel Investor. Typically invests $50k-$750k per deal. Invests in consumer internet, B2B, cleantech, and more. Invested in Bonobos, Zoopla, Maven, Covester, and others. Advisor to LinkedIn. Located in Cambridge, U.K.

Sheryl SchultzAngel Investor. Typically invests $10k-$25k per deal. Invests in telecommunications, e-commerce, social media, edutainment. Invested in, ViralGains, Crowdly, and more. Focuses on marketing/customer advice. Located in Boston/Maine.

Shruti GhandiManaging Partner at Array Ventures. Typically invests $1m-$3m per deal. Invests in all kinds of tech, including mobile, e-commerce, big data, and enterprise software. Invested in True Ventures, Engrade, LearnSprout, Agnitus, and Array Ventures. Previously an investor with True Ventures and Samsung Ventures. Founded Penseev.

Shuly GaliliCo-founder of UpWest LabsTypically invests $25k-$300k. Invests in all kinds of tech, including IoT, mobile, cybersecurity, big data, analytics, and data security. Invested in Honeybook, SentinelOne, Keywee, and more.

Sonja Hoel PerkinsFounder of Broadway Angels. Invests “broadly in all stages and areas of information technology throughout her career,” according to her bio on the Broadway Angels website. Her AngelList says she’s looking for investments in mobile/IT in consumer, enterprise and infrastructure. Invested in Flurry, 3VR, Ditto, HealthTap, Kitchit, Mee Genius,, nCircle, Prism Skylabs, Sky Channel, Stravus, and UrbanSitter. Currently managing director at Menlo Ventures.

Stephanie Hanbury-BrownAngel Investor. Typically invests $100k-$250k per deal. Invests in life sciences, SaaS, consumer goods. Invested in eJamming, Carnegie Speech, Saladax Biomedical, HarQen. Located in NYC.

Susan McPhersonFounder and CEO of McPherson Strategies. Typically invests $10k-$25k per deal. Invests in social media, digital media, consumer internet, hardware, fashion, fitness and more, with a focus on female founders. Invested in The Muse, Loverly, Zady,, Reserve, GoldBean.

Sutian DongInvestor at FirstMark Capital. Invests in all sorts of tech, including social media, social fundraising, edutech, retail tech, mobile, enterprise, data security and more. Invested in Pinterest, SecondMarket. Based in NYC.

Theresia GouwFounder and General Partner of Aspect Ventures. Invests in consumer, social commerce, and security in the “new mobility space.” While a partner at Accel, Theresia led the series A or seed rounds for Birchbox, HotelTonight, LearnVest, Trulia, and Joyus. Also part of Broadway Angels.

Vijaya GaddeFounding Partner of #Angels. Currently General Counsel and Secretary at Twitter. Immense experience working with IPOs, M&As, and other legalities of massive tech companies from her time with Twitter and before that her 10 years of experience as an attorney with Wilson Sonsini Goodrich & Rosati, P.C.

Victoria SongFounder of So She Did. Typically invests $2m per deal. Invests in mobile, enterprise, energy management, consumer internet and more. Invested in Crashlytics, Rothenberg Ventures, Tracelytics, and SHADOW. Former venture capitalist at Flybridge Capital.

Virginia M. TurezynAngel Investor. Typically invests $25k–$50k per deal. Invests in all kinds of tech — enterprise software, SaaS, mobile. Invested in Retailigence, Cloud Cliques,, Kaazing, and Jambok.

Wayee ChuCo-Founder of the NewSchools Seed Fund. Typically invests $25k-$50k per deal. Invests heavily in education/edutech, but also in SaaS, social news, and social media. Invested in Knotch, Handle, Tugboat Yards, True Link,, LocoMotive Labs, CodeHS, Tynker, and more. Also part ofBroadway Angels.

Online resources

Mackenzie is the CEO of Distributed Systems, Inc., a startup building managed infrastructure for service-oriented applications. Read more about her motivations for writing this article here. She’s figuring out most of this as she goes along, so come along for the journey by recommending this article to others and/or writing a response. Did she miss anyone or anything? Reach out, and she’ll add to this list.

Thanks to Maran Nelson, Anastasia Marchenkova, Cyan Banister, Christina Cacioppo, Jeff Hilnbrand, Josh Taylor and Sukhinder Singh Cassidy for suggesting edits and/or additions to this resource list.

The Top 20 Angel Investors

CB Insights analyzed the top 2000 angel investors and then share the top 1% in this fascinating article

We analyzed over 2000 angel investors on factors such as network strength, rate of follow-on investment, # of exits, brand and more. Here's how angel investors stack up.We previously looked at ranking corporate VCsmicro VCs and AngelList syndicates using the same algorithms we use to assess financial or pure-play VCs and today we’re turning ourInvestor Mosaic algorithms onto individual angel investors.

Specifically, we analyzed 2000 individual angel investors and looked at Investor Mosaic factors such as an investor’s stage of entry, past exits, network centrality, and brand, among other things, in order to understand who the top angels really are.

The top-ranked angels included well-known names such as Naval Ravikant, Ashton Kutcher, Tim Ferriss, and David Tisch as well as some lesser-known names as you will see below.  As always, the data in this brief all comes from CB Insights.

The analysis is broken down as follows:


Strength of Network – Alexis Ohanian Leads

Academics have found that the strength of a VC’s network is a key determinant of investor success. Having a strong network for an angel investor means better deal-flow, access to better information, syndicate partners and follow-on investors.  The network centrality algorithm is akin to the initial Google Pagerank algo. Simplistically, it measures the breadth of connections an investor has (the sheer # of connections) and the quality of those links, i.e. having investments get follow-on funding from Sequoia Capital is worth more than Joe Schmoe VC.

Below are the top 20 angel investors based on their Network Centrality scores. Using the CB Insights Investor Syndicate Dashboard, we can also see which VCs tend to follow-on to each angel’s companies most frequently.

Alexis Ohanian, founder of social news site Reddit, ranked first in Network Centrality among all angels, with New Enterprise Associates, Google Ventures, and First Round Capital following-on to his investments most frequently.

Also of note, 6 of the top 20 angels by network centrality had affiliations with famed accelerator Y Combinator. These angels included Y Combinator’s current President, Sam Altman, current/past Partners Garry Tan, Geoff Ralston, Paul Buchheit, and Harj Taggar, and Ambassador Alexis Ohanian.

Of the follow-on investors, First Round Capital was the most-frequent indicating the firm’s strong ties to prominent angel investors.  Andreessen Horowitz and SV Angel rounded out the top 3.


Bobby Yazdani Tops Follow-On Rates

Another important dimension beyond network centrality to evaluate angel investors is their ability to get their portfolio companies follow-on funding.  When analyzing all angel investor’s with 10+ investments that were eligible for follow-on funding (investment made >13 months ago and which remained private), Bobby Yazdani ranked first with over 80% of his portfolio receiving follow-on funding.

The top 5 was rounded out by Larry Augustin, Matt Coffin, Ashton Kutcher, and Gil Penchina. Three of the top 5 investors by follow-on rate are current or former entrepreneurs with the previously mentioned Yazdani founding, Augustin founding VA Software, and Coffin founding,



The Rankings


Naval Ravikant ranked #1 out of over 2000 angel investors


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After taking into account network centrality, follow-on rates and other factors included in Investor Mosaic, we were left with a list of the top 20 angel investors. Naval Ravikant, the entrepreneur behind Genoa Corp,,, and most recently, AngelList, ranked first in our analysis of Angel Investors. With investments in notable companies such as Twitter and Uber, Naval’s investments cover a wide array of up-and-coming startups, mature technology companies, and notable exits. His investing prowess led him to the top 3 spots across multiple categories in our Investor Mosaic rankings, and ultimately to #1 among all Angels.

It’s worth noting that past performance along with network centrality and follow-on investment rate is an important determinant of which angels are the best. In private markets where information asymmetry can be significant, it has been shown by academicians that “past performance does, in fact, help predict future performance” so having a track record is critical.

The top 1% of angels are featured below (20 out of over 2000).


The top 20 angel investors participated in over 540 deals from 2009 to 2013. Naval Ravikant was the most prolific of the top 20 in that time, with over 75 investments, while David Tisch and Paige Craig rounded out the top 3 on a deals basis.

Top 20 Angels’ Focused on Internet & Mobile

In terms of industries, the top 20 angels are investing heavily in Internet, Mobile, and eCommerce, with those three industries making up 91% of deals and funding. Of note, Social was the most popular sub-industry among the top 20, with investments into companies such as Klout and Nextdoor driving that trend.


Where Are The Top Investing? – 51% of Deals in Silicon Valley

The Top 20 investors also were fairly concentrated in terms of geography over the last 5 years, with 51% of all deals taking place in Silicon Valley-based companies. New York was second with 21%, while Southern California was third with 8% of all deals. International startups also received more investments than Massachusetts, with Esther Dyson leading the top 20 in international investments including participation in early-stage rounds for Russia-basedOstrovok and Finland-based Valkee, among others.


We’re already seeing VCs and other investors who are looking for dealflow trying to better understand the angel investment ecosystem so they can more strategically cultivate relationships with the best angels.  Of course, some like Sequoia Capital, have already formalized their working relationship with angels via things like their Scout fund.  In addition, we’re seeing LPs take more interest in angels with a view that many of these angels will go on to raise micro VC funds.

With all the interest in angel investors, the ability to track the efficacy of individual angel investors will become increasingly important.


  • Angel Investors associated with institutional funds were excluded from our list.
  • Investments into companies at the early stages are included in this analysis.  An angel investor investing in a secondary market round for a private company are excluded.
  • Angel investments are a fairly opaque part of the innovation economy as angel investors may keep deals undisclosed.