Cornerstone Angels has invested in a array C turn of Cambridge, MA-based industrial biotechnology association Agrivida. Cornerstone has now saved 8 companies within calendar year 2012. The investment network also recently invested in a Series A appropriation turn for Intellihot Green Technologies.
PRESS RELEASE
Cornerstone Angels, a private membership-based investment network of high net-worth people and families has announced that with a dual many new investments in September, Cornerstone has now saved 8 companies within calendar year 2012. Most recently, Cornerstone invested in a Series A appropriation turn for Intellihot Green Technologies, Inc., a intelligent tankless H2O heater association formed in Galesburg, IL as good as a Series C appropriation turn for Agrivida, an industrial biotechnology association formed in Cambridge, MA.
Cornerstone typically sees in additional of 250 deals a year that are exclusive sourced yet a membership, and endless national network. Cornerstone has determined clever relations with investors and entrepreneurs opposite a nation and is active in reviewing, co-investing, and syndicating with other parties.
The 26 portfolio companies of Cornerstone have in total opposite their history, both before and after Cornerstone’s participation, lifted in additional of $1.6 Billion. A prejudiced inventory of co-investors in Cornerstone portfolio companies include: Amerindo Investment Advisors, Baker Capital, Bright Capital, Cardinal Partners, DAG Ventures, DCM, DFJ, HLM Venture Partners, Independence Equity, Khosla Ventures, Kleiner Perkins, Millenium Private Equity, New Capital Partners, New Enterprise Associates, Palo Alto Investors, Presidio Ventures, Qatar Holdings, Sumitomo Corporation, Sequoia Capital, Tudor Ventures, Trident Capital, Worldview Technology Partners, and US Venture Partners.
According to Cornerstone Angels Founder and Managing Director Michael C. Gruber, “I am vehement that a members of Cornerstone have been so active within 2012 to date. We continue to attract a clever volume of peculiarity understanding upsurge and have been attracting augmenting volume of people and families meddlesome in fasten Cornerstone to attend in a investment activities. We have a clever portfolio and are confident that a companies will continue to make clever swell opposite their business skeleton into 2013.�
Cornerstone and a members have gifted a series of important acquisitions and IPOs over a past few years, that includes a merger of SmartCells by Merck, a sale of Force10 to Dell Computer, a sale of RMI to Netlogic, and a IPO for Amyris, Inc.
About Cornerstone Angels
Cornerstone Angels is a private membership-based investment classification stoical of successful executives, entrepreneurs, and investors who find to yield financial collateral and mentorship to early-stage companies. Cornerstone Angels by a clever relations attracts in additional of 250 deals annually for investment consideration. The organisation focuses on early theatre private equity opportunities, though also actively considers a operation of after theatre and opportunistic investments as well.
Cornerstone Angels meets on a monthly basement By Invitation Only in Chicago, IL, while attracting financier and association seductiveness and appearance nationwide. Cornerstone has recently re-opened adult a private membership to a name organisation of people and families for participation.
For some-more information: www.cornerstoneangels.com
Contact: Cornerstone Angels, 2100 Sanders Road, Suite 170, Northbrook, IL 60062
Michael C. Gruber, 847.739.0100, michael@cornerstoneangels.com
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Article source: http://www.pehub.com/168180/agrivida-secures-series-c-funds-cornerstone-angels/
