Rochester Angel Network
Rochester Angel Network is a private group of approximately 60 accredited investors founded in 2005 that funds early-stage, high-growth startups in Upstate New York through two pooled funds and direct investments, with typical deal sizes of $250K–$2M.
- Company typePrivate
- Founded2005
- HeadquartersWest Henrietta, United States
- Headcount101–250
- GTM typeB2B
- OfferingServices
What Rochester Angel Network does
Rochester Angel Network (RAN) is a private membership organization of approximately 60 accredited investors based in the Greater Rochester / West Henrietta, NY region, founded in 2005. It is one of the oldest and largest angel groups in New York State and serves as a forum connecting early-stage, high-growth startups in Upstate New York with capital, mentorship, and diligence support. RAN's primary product is the network itself: an investor community that reviews pre-screened deal flow, forms deal teams, and invests either directly into portfolio companies or through pooled investment vehicles (Rochester Angel Fund #1, formed 2013 and fully invested by 2017; Rochester Angel Fund #2, formed 2018). Typical investment sizes range from $250,000 to $2 million per company, with a stated 3–5 month application-to-term-sheet process.
RAN's service to two customer segments is differentiated: entrepreneurs gain access to a curated investor pool, standardized term sheet, and mentoring; accredited investors gain deal flow, shared due diligence, and co-investment partners. Operational support is provided by NextCorps, Inc. (formerly High Tech Rochester), which hosts the [email protected] contact identity and provides administrative infrastructure. The network's revenue model is straightforward: annual membership fees (conflicting source figures of $500 or $600 per year) from accredited investors, with entrepreneurs paying no application fee. Marketing and deal sourcing are conducted through a website, email outreach, monthly membership meetings, and referrals from regional partner organizations including Excell Partners, Digital Rochester, SCORE Rochester, and the NYS Small Business Development Center. Jim Senall serves as Managing Director.
Rochester Angel Network firmographics
Firmographics- Name
- Rochester Angel Network
- Legal name
- Rochester Angel Network
- Website
- http://www.rochesterangels.com
- Company type
- Private
- Founded year
- 2005
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Rochester Angel Network is a private group of approximately 60 accredited investors founded in 2005 that funds early-stage, high-growth startups in Upstate New York through two pooled funds and direct investments, with typical deal sizes of $250K–$2M.
- Ownership category
- akta.pro rank
Rochester Angel Network industry classification
Industry- Product category
- Angel Investing Network
- NAICS
- Portfolio Management and Investment Advice (523940)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Micro-VC & Angel Funds (FSANAAAI)
Keywords
Where Rochester Angel Network is headquartered
LocationHeadquarters
- HQ city
- West Henrietta
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Rochester Angel Network business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Others
Revenue model
- Membership Fees: Accredited investors pay an annual membership fee to participate in the network, review investment opportunities, and access deal flow. Fee covers operating costs of the group.
- Investment Returns: Members invest their personal funds into startup companies and generate returns through exits (acquisitions, IPOs). The network facilitates introductions and co-investment but does not manage institutional capital.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Annual Membership for Accredited Investors |
| Freemium | Pay-as-you-go | Entrepreneur Application Submission |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels4 records
Rochester Angel Network product offering
Product offeringCore offering
Rochester Angel Network is a private group of approximately 60 accredited investors that facilitates early-stage, high-growth startup investments in Upstate New York. The network operates two pooled investment funds (Rochester Angel Fund #1 formed in 2013, Fund #2 formed in 2018) and enables direct member investments, with typical check sizes of $250,000 to $2,000,000. Entrepreneurs apply at no cost via email, and the screening committee invites selected companies to present at monthly membership meetings.
Product overview
Rochester Angel Network (RAN) is a single, unified angel investment network rather than a modular platform. The core offering is the investor network itself, which connects early-stage entrepreneurs with accredited investors in Upstate New York. RAN operates two pooled investment funds (Rochester Angel Fund #1 and Fund #2) alongside direct investment opportunities. The ecosystem also includes an email-based Entrepreneur Application Platform for deal sourcing and a structured Deal Team Investment Process for managing investment workflows from presentation through term sheet negotiation.
Differentiator
Problem solved
Functional benefit
Products and services
- Rochester Angel Fund #1 A pooled investment fund formed in 2013 by RAN members to provide diversification and accelerate investment decision-making. Was fully invested by 2017. Intended for accredited investors participating in the RAN ecosystem.
- Rochester Angel Fund #2 A pooled investment fund formed in 2018 to continue making investments in seed and early-stage startups after Fund #1 was fully invested. Targeted at accredited investors within the RAN network.
- RAN Membership Annual membership in the Rochester Angel Network for accredited investors, providing access to monthly deal screening, pitch meetings, deal-team participation, and co-investment opportunities. Annual membership fee covers operating costs.
Quantifiable outcome
- Companies can receive investment within 3-5 months from application submission
- +1 more outcomes
Companies that use Rochester Angel Network
Customer profileNamed customers1 record
Segments2 records
Ideal customer profiles2 records
Rochester Angel Network technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Rochester Angel Network partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered core and minor.
- NextCorps, Inc.coreNextCorps (formerly High Tech Rochester) is the primary supporting organization for Rochester Angel Network. NextCorps provides administrative support and helps facilitate the network. RAN was formed in 2005 by local investors, and NextCorps continues to provide additional support to the organization. Contact email [email protected] indicates close operational relationship.
- Excell PartnersminorListed as an additional funding source in the Resources section. Excell Partners is a venture capital firm in the Rochester region that may co-invest or refer companies to RAN.
- Western NY Venture AssociationminorListed as an additional funding source in the Resources section. Regional angel/venture network in Western New York.
- Digital RochesterminorSupport organization in the Rochester region focused on emerging businesses. Listed in the Resources section as a referral source for entrepreneurs.
- The Entrepreneurs NetworkminorSupport organization (TEN-NY) in the Rochester region focused on emerging businesses. Listed in the Resources section as a referral source for entrepreneurs.
- NYS Small Business Development CenterminorState-wide small business development organization with Rochester location. Listed in the Resources section as a support organization for emerging companies.
- SCORE RochesterminorMentorship organization for small businesses with Rochester chapter. Listed in the Resources section as a support organization providing mentorship and guidance to emerging companies.
- RocStartsminorComprehensive set of resources in Rochester/Finger Lakes Region for emerging companies. Linked as a resource on the RAN Resources page.
Scale indicators4 records
Recent moves5 records
Expansion highlights4 records
Rochester Angel Network competitors and assessment
Company assessmentDirect peers
- Launch NY: Western New York-based impact-focused venture development organization that supports and invests in early-stage startups. Comparable as a Upstate NY-focused early-stage investor with similar seed-stage check sizes and entrepreneur support mission.
- Western NY Venture Association: Regional angel/venture network in Western New York that connects local investors with early-stage companies. Directly comparable to RAN as a geography-overlapping angel investor group with similar screening and presentation processes.
- Excell Partners: Rochester-based seed and early-stage venture capital firm investing in Upstate NY startups. Directly comparable as a regional investor focused on the same Upstate NY ecosystem that RAN serves, and listed as a co-investor/referral partner.
Regional players
- Central Texas Angel Network: Texas-based regional angel investor network funding early-stage companies in Central Texas. Comparable as a member-led regional angel group with screening committees and pooled deal structures serving a defined geographic territory.
- Maine Angels: Regional angel investor network serving Maine and Northern New England startups. Comparable as a regional member-led angel group with formal screening and monthly deal review, focused on a geographically distinct market.
- Boston Harbor Angels: Greater Boston-area angel network that screens and funds early-stage startups through monthly meetings and member-led deal teams. Comparable as a regional angel group with a structured screening process similar to RAN, though operating in a denser ecosystem.
Broad incumbents
- Band of Angels: Silicon Valley angel group historically focused on deep-tech and life-sciences startups. Comparable as a member-led angel network with formal screening, monthly meetings, and pooled deal vehicles, though concentrated in a different region and sector mix.
- Sand Hill Angels: Silicon Valley-based angel investor network with formal screening, deal teams, and pooled investment structures. Comparable in process design (screening committee, monthly presentations, deal teams) though operating in a much larger and more competitive ecosystem.
- New York Angels: One of the largest and most active angel groups in the United States, based in New York City. Comparable as a New York State angel network with a formal screening process, monthly meetings, and pooled deal structures, though operating at significantly larger scale.
Others
- Tech Coast Angels: One of the largest angel investor networks in the US, based in Southern California. Comparable as a structured angel network with screening committees, monthly deal review, and member-led due diligence — operating at much greater scale and geographic breadth.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Rochester Angel Network social profiles
Digital presenceRochester Angel Network financial estimates
Financial estimateRevenue estimate
Valuation estimate
Rochester Angel Network leadership team
Management profileNumber of profiles
Profiles1 record
Rochester Angel Network funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Rochester Angel Network M&A and investment
M&A and investmentM&A
Investments30 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Rochester Angel Network
What does Rochester Angel Network do?
Rochester Angel Network is a private group of approximately 60 accredited investors that facilitates early-stage, high-growth startup investments in Upstate New York. The network operates two pooled investment funds (Rochester Angel Fund #1 formed in 2013, Fund #2 formed in 2018) and enables direct member investments, with typical check sizes of $250,000 to $2,000,000. Entrepreneurs apply at no cost via email, and the screening committee invites selected companies to present at monthly membership meetings.
Is Rochester Angel Network a public or private company?
Rochester Angel Network is a private company. It is classified as management employee owned and is currently operating.
When was Rochester Angel Network founded?
Rochester Angel Network was founded in 2005. It employs 101 to 250 people.
Where is Rochester Angel Network based?
Rochester Angel Network is headquartered in West Henrietta, United States, in the North America region.
How does Rochester Angel Network make money?
Two revenue lines are on record. Membership Fees are the primary driver. The others are investment Returns.
Who are Rochester Angel Network's main competitors?
Direct peers on record are Launch NY, Western NY Venture Association and Excell Partners. Regional players are Central Texas Angel Network, Maine Angels and Boston Harbor Angels. Broad incumbents are Band of Angels, Sand Hill Angels and New York Angels. Tech Coast Angels is listed as an others.
Does Rochester Angel Network have an API?
No public API is recorded for Rochester Angel Network.
What industry is Rochester Angel Network in?
Rochester Angel Network's product category is Angel Investing Network. Its primary akta.pro industry code is FSANAAAI, Micro-VC & Angel Funds. Its NAICS code is 523940 and its SIC code is 6282.