What Citrine Angels does

Citrine Angels is a Maryland-licensed LLC operating a membership-based angel investment network focused exclusively on women accredited investors and women-founded startups in the Mid-Atlantic and Washington D.C. metro region. Founded in 2019, the organization sells an annual investor membership at $995 per year, granting accredited women access to pre-screened deal flow through 6-10 monthly pitch meetings annually, educational programming (including the Female Funder Panel Series and workshops on due diligence and portfolio construction), social events, an online member community, and bundled Angel Capital Association membership. As of May 2026, 70+ women investors in the network had collectively deployed more than $2 million in capital across 30 startups, with average check sizes exceeding $50,000.

The core product is the Investor Membership, sold direct-to-consumer through the company's website with self-service accredited-investor self-certification and Stripe-based payment processing. The product portfolio has expanded to include Office Hours (virtual Q&A sessions for entrepreneurs and investors), monthly pitch meetings where members evaluate female-led startups, the Citrine Impact charitable nonprofit arm (launched October 2025 to broaden education and access), and the Female Funder Panel Series (a free educational program launched February 2026 to recruit angel-curious women). Distribution relies on community/word-of-mouth referrals, events, regional media coverage, and partnerships with organizations such as Okeanos, Arlington Economic Development, TEDCO, VIPC, Refraction, and Hera Hub.

The business is operated by a volunteer board of directors with committee chairs spanning Deal Flow, Portfolio, Membership, Advancement, and Governance, supplemented since May 2026 by the organization's first paid Executive Director. Revenue is generated entirely from membership dues and supplemental corporate sponsorship (Morgan Stanley, Insperity, SVB, TEDCO, VIPC). Citrine Angels is a member of the Angel Capital Association and has received earned media coverage including Forbes, Fast Company, Washington Business Journal, and the documentary 'Show Her The Money.'

Name

Citrine Angels

Legal name

Citrine Angels LLC

Website

https://citrineangels.com

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

1–10 employees

Short description

Citrine Angels is a Mid-Atlantic angel investment membership network that connects 70+ accredited women investors with women-founded startups, deploying $2M+ across 30 companies since 2019 through $995/year memberships and curated pitch meetings.

Ownership category

akta.pro rank

Product category

Angel Investment Network

NAICS

Portfolio Management and Investment Advice (523940), Other Investment Pools and Funds (5259)

SIC

Investment Advice (6282)

akta.pro primary industry

Micro-VC & Angel Funds (FSANAAAI)

akta.pro secondary industry

Gender Lens / Diversity, Equity & Inclusion (DEI) Funds (FSANAJAM)

Keywords

• Women angel investing
• Angel investment network
• Accredited investor membership
• Early-stage venture funding
• Founder investment community

Headquarters

HQ city

Washington

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Investor Membership Fees: Annual membership dues of $995 per year, automatically renewing. Membership provides access to pitch meetings, social events, educational sessions, member community site, and ACA membership.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels6 records

Core offering

Citrine Angels is a women-focused angel investment network structured as a membership organization. It provides accredited women investors with access to pre-screened early-stage investment opportunities in female-founded startups, along with investor education, monthly pitch meetings, and community events. The organization also runs the charitable nonprofit arm Citrine Impact to expand education and access for women investors and founders.

Product overview

Citrine Angels operates as a female-focused angel investment network with a membership-based platform structure. The core offering is the Investor Membership program ($995/year) which provides accredited women investors access to pre-screened investment opportunities in female-founded startups, along with educational programs, pitch meetings (6-10 annually), and community access. Supporting the core membership are subsidiary offerings: Citrine Impact (a charitable nonprofit arm launched October 2025 for expanding education access for women investors and founders), the Female Funder Panel Series (educational programming to demystify angel investing launched February 2026), Office Hours (virtual Q&A sessions for entrepreneurs and investors), and Pitch Meetings (monthly sessions where female-led startups present to members). The organization facilitates early-stage investment opportunities in the Mid-Atlantic region with capital deployed across 30 startups as of May 2026.

Differentiator

Problem solved

Functional benefit

Products and services

• Investor Membership Annual membership at $995/year providing accredited women investors access to pre-screened investment opportunities in female-founded startups, 6-10 pitch meetings per year, social events, education sessions, member community site, and Angel Capital Association membership. Requires SEC accredited investor self-certification.
• Female Funder Panel Series Free educational program introducing women to angel investing, covering how to write first checks, determine investment amounts, align investments with personal values, and understand due diligence and founder assessment.
• Pitch Meetings Monthly virtual and in-person pitch meetings where pre-screened female-led startups present to Citrine Angels members to raise angel capital. Prospective members may attend one meeting as a guest subject to accredited investor verification.
• Office Hours Recurring virtual Q&A sessions open to entrepreneurs and prospective investors to learn about Citrine Angels' membership, application process, and the angel investing opportunity for women.
• Citrine Impact Charitable nonprofit arm of Citrine Angels dedicated to expanding education, access, and opportunity for women investors and founders, with the goal of raising $250,000 by 2026 to support programs promoting inclusivity in startup investing.

Quantifiable outcome

• Over $2 million invested in women-led startups since 2019
• +4 more outcomes

Named customers13 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Seven partnerships are on record, tiered core and secondary.

• OkeanoscoreStrategic or Co-development Partner · 12 August 2024Partnership with Okeanos (formerly Riverbend Capital), a VC firm with 100+ members nationwide, to fund more female-founded startups and make angel investing more accessible. Joint vision of supporting female founders and expanding investment opportunities nationwide.
• Arlington Economic Development (AED)coreStrategic or Co-development PartnerOngoing partnership for 'Elevate Your Venture: Arlington Female Founder Series' featuring panels on venture readiness, funding options, team building, and startup fundamentals. Powered by Citrine Angels with standing-room-only attendance.
• Angel Capital Association (ACA)coreChannel Partner/ Reseller/ DistributorACA membership included with investor membership. Citrine Angels is a proud member of the Angel Capital Association, the industry organization for angel investors.
• Blu Venture InvestorssecondaryStrategic or Co-development PartnerCo-hosting events including panel discussions on post-investment life, tax optimization, and follow-on rounds. Recognized with award of support at annual appreciation celebration.
• RefractionsecondaryChannel Partner/ Reseller/ DistributorEvent venue partner for pitch meetings and workshops. Refraction, led by CEO and Citrine sponsor Esther Lee, provides space for events and education.
• Hera HubsecondaryChannel Partner/ Reseller/ DistributorEvent venue partner for workshops and happy hours, including entrepreneurial leadership assessment workshop and LLC educational session.
• Citrine ImpactcoreStrategic or Co-development PartnerCharitable nonprofit arm launched October 2025 to expand education, access, and opportunity for women investors and founders. Plans to raise $250,000 by 2026 to support programs promoting inclusivity in startup investing.

Scale indicators7 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Golden Seeds: One of the largest U.S. angel networks focused on women-led companies, with national reach and an associated fund. Directly comparable to Citrine Angels in mission, structure, and target investor (Judy Curry, Citrine's Treasurer, is a Managing Director at Golden Seeds).
• Pipeline Angels: National angel network investing in women and non-binary founders, with a membership-based model and pitch-meeting structure. Closely comparable in target investor and target founder demographics, and competes for the same women-accredited-investor pool.
• Portfolia: Investing community and fund platform that runs thematic angel/VC funds focused on women and diverse investors (Stephanie Marshall, Citrine's Board President, is an investor/advisor). Comparable member-driven structure and women-focused deal thesis.
• SheEO: Global community of women investors pooling capital to fund women-led ventures through a RADICAL Fund model. Comparable mission and women-accredited-investor membership structure; Stephanie Marshall advises SheEO.
• Backstage Capital: Venture fund and accelerator focused on underrepresented founders, including women and people of color. Comparable founder-thesis alignment (Stephanie Marshall is an advisor to Backstage Capital) and similar angel community building efforts.
• Okeanos Ventures: VC firm (formerly Riverbend Capital) with 100+ members that partnered with Citrine Angels in 2024 to fund female-founded startups. Closely aligned mission and a national angel network competitor/partner.
• Black Girl Ventures: Nonprofit organization funding Black and Brown women founders through pitch competitions and community funding (Dawn Myers, Citrine's new Executive Director, came from Black Girl Ventures). Closely aligned founder-support mission.
• The W Fund: Angel fund investing in women-led companies. Comparable target-investor and target-founder profiles (Stephanie Marshall is an advisor); competes for the same Mid-Atlantic/Midwest women-investor demographic.

Broad incumbents

• Female Founders Fund: Early-stage venture fund exclusively backing female-founded companies. Broader incumbent competing for the same women-led startup deal flow that Citrine Angels' portfolio companies also tap.

Emerging players

• Gaingels: Network of LGBTQ+ and allies investing in companies with diverse leadership. Comparable co-investor network model (Stephanie Marshall advises Gaingels) and overlapping membership demographics.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/Citrine-Angels-344469742933341
• LinkedInlinkedin.com/company/citrine-angels
• Instagraminstagram.com/citrine_angels

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments5 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Citrine Angels