Investors and startup founders got together at City Garage last week to hear about a new potential funding network. In this case, they could also join and provide funding.
Amid an expansion, D.C.-based NextGen Venture Partners launched a chapter in Baltimore. Already in New York, Austin, Chicago and Boston, the organization is also adding Atlanta and Raleigh-Durham this year. You can find the full roster of Baltimore members here.
Founder Dan Mindus said NextGen already has contact with Baltimore startup-backing organizations, and identified the city’s “strong and growing startup ecosystem” as a community that could benefit from more capital.
In each local chapter, the group brings together existing investors and entrepreneurs who may want to start writing checks. They meet once a month for pitch meetings, and members can decide whether to fund a company. Typically, NextGen comes in between a seed round and Series A, with investments totaling about $200,000-$600,000.
Read more at Technical.ly Baltimore
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from http://baltimoretech.org/news/theres-a-new-investor-group-in-town/
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