News

April 16, 2008

Hub will co-host the New England Angel Capital Association Meeting along with Common Angels.

March 28, 2008

Hub added capital to Fund II investment in Ecochlor, Inc. Ecochlor has developed proprietary ballast water treatment systems that have been specifically designed to safely and economically eliminate the worldwide transfer of aquatic invasive species and human pathogens such as cholera, in ship ballast water.

February 28, 200

Hub added capital to Fund III investment in Intelligent BioSystems, Inc. IBS is developing a next generation DNA sequencing system that can simultaneously increase the speed and reduce the cost of producing sequence data by a factor of 1,000.

January 4, 2008

Hub made its final Fund II investment in iTeam, Inc. iTeam is a provider of services selling and fulfillment solutions to IT Resellers, Retailers and OEMs by developing "services as a SKU" that are provided to end-users through nation-wide electronic marketplaces for VARs. Resellers, Retailers and OEMs capture a larger piece of the IT value chain by providing valuable services to small and medium sized organizations.

Since March 2000, the Hub Angels have reviewed nearly 2,000 early stage technology companies. During that time, the group evolved from an organized club with 15 individuals, to one based on limited partners investing through angel funds. Through 2008, Hub has raised three funds and has more than 75 members. Fund III, comprises $3.5M of capital and 35 members.

Since 2000, Hub and its members have invested more than $12 million in a broad range of sectors including financial services, healthcare, water treatment, biotechnology, retail and software as a service. Venture firms that have co-invested in Hub’s companies include: GE Capital, Flagship, Thomas Weisel, Fidelity, Bessemer, Commonwealth Capital, Intel Capital, Rock Maple, Brook Partners, and Blue Chip.

Hub’s members believe that money is only one part of the way in which angels help to grow companies. Through their contacts, connections, advice and board work, they seek to add value and make companies more successful. In addition, Hub has developed an extensive network of academic, venture capital, legal, accounting, and industry contacts who provide significant value. This network is a rich source of high quality deal flow, technical expertise to assist in the due diligence process, and connections and contacts for our portfolio companies.