Angel City Advisors
Angel City Advisors is a Los Angeles-based impact investing advisory firm founded in 2019 by Daniel Tellalian that designs, manages, and diligeneces catalytic capital funds while providing strategic advisory services to family offices, foundations, municipalities, and social enterprises.
- Company typePrivate
- Founded2019
- HeadquartersLos Angeles, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Angel City Advisors does
Angel City Advisors is a Los Angeles-based financial advisory firm founded in 2019 by Daniel Tellalian that specializes in impact investing and catalytic capital deployment. The firm operates as a social enterprise connecting capital with social enterprises and community-led initiatives, serving family offices, foundations, fund managers, municipalities, and early-stage social enterprises across the United States, with operational concentration in Southern California.
The firm delivers three integrated service lines. Fund Services encompasses conceiving, structuring, capitalizing, and managing strategic investment vehicles — the firm manages the $40 million Echoing Green Signal Fund and the Angel City Seed Fund and has designed funds such as California FreshWorks Fund (Fund I: $62M deployed across 70+ transactions; Fund II: $70M deployed) and Michigan Good Food Fund II (targeting $40M). Advisory Services span financial, operational, market access, community engagement, and racial-equity consulting for early-stage companies and community developers. Due Diligence Services provide financial, sectoral, and operational diligence on investment opportunities for funds and institutional investors. The firm's distinct data product, the Los Angeles Equity Mapbook (2025), is a collection of 46 interactive maps and a 14-variable Social Equity Index that visualizes structural inequity across LA County.
The firm is compensated through professional services fees (advisory retainers, diligence engagements) and fund-level economics (management fees and potentially carried interest on managed vehicles). It operates with approximately 6 core staff, a fractional COO, and a 20+ member advisory network spanning biopharma, affordable housing, consumer brands, and public-sector finance. Strategic clients include Echoing Green, Nathan Cummings Foundation, LA Metro, Los Angeles County Department of Opportunity, Northgate Markets, and LA Cleantech Incubator. There is no disclosed external equity funding, no parent company, and no public revenue figure; the firm is independently owned and led by its founder.
Angel City Advisors firmographics
Firmographics- Name
- Angel City Advisors
- Legal name
- Angel City Advisors LLC
- Website
- https://angelcityadvisors.com
- Company type
- Private
- Founded year
- 2019
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Angel City Advisors is a Los Angeles-based impact investing advisory firm founded in 2019 by Daniel Tellalian that designs, manages, and diligeneces catalytic capital funds while providing strategic advisory services to family offices, foundations, municipalities, and social enterprises.
- Ownership category
- akta.pro rank
Angel City Advisors industry classification
Industry- Product category
- Impact Investment Advisory
- NAICS
- Portfolio Management and Investment Advice (523940), Other Investment Pools and Funds (5259), Funds, Trusts, and Other Financial Vehicles (525)
- SIC
- Investment Advice (6282), Security Brokers, Dealers & Flotation Companies (6211)
- akta.pro primary industry
- Institutional Consulting RIAs (OCIO/Endowments/Foundations/Pensions) (FSAAACAG)
- akta.pro secondary industries
- Capital Raising Advisory (Debt/Equity/Private Capital) (BPAHADAG), Venture Capital Fundraising Placement (FSAEALAC), Real Estate Investment Advisory (Acquisitions/Dispositions, Capital Allocation) (BPAJANAA)
Keywords
Where Angel City Advisors is headquartered
LocationHeadquarters
- HQ city
- Los Angeles
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Angel City Advisors business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Advisory Services: Provides advisory services to family offices, fund managers, foundations, municipalities, and other market participants seeking to connect with social enterprises and emerging community voices.
- Fund Management: Manages strategic investment funds including the Echoing Green Signal Fund ($40M catalytic capital fund) and Angel City Seed Fund. Generates management fees and potentially carried interest.
- Due Diligence Services: Conducts financial, sectoral, and operational due diligence on investment opportunities for funds and investors.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels4 records
Angel City Advisors product offering
Product offeringCore offering
Angel City Advisors facilitates the flow of capital and expertise to social enterprises and emerging community voices. The firm conceives, structures, capitalizes, and manages strategic investment funds and provides advisory services spanning financial, operational, market access, community engagement, racial equity, and strategic issues for family offices, fund managers, foundations, municipalities, and other market participants. Managed vehicles include the Echoing Green Signal Fund ($40M catalytic capital fund) and the Angel City Seed Fund.
Product overview
Angel City Advisors operates as a social enterprise advisory firm rather than a software product company. The core offering consists of advisory and fund development services, supplemented by the Los Angeles Equity Mapbook as a distinct data product—a collection of 46 maps visualizing equity, opportunity, and structural disadvantage across Los Angeles County, including the Social Equity Index composite metric. The firm provides Fund Services (structuring, capitalizing, and managing impact investment funds) and Advisory Services (spanning financial, operational, community engagement, and strategic consulting for social enterprises and community developers).
Differentiator
Problem solved
Functional benefit
Products and services
- Los Angeles Equity Mapbook A collection of 46 interactive PDF maps visualizing racial, economic, and environmental injustice and opportunity across Los Angeles County, including a Social Equity Index that blends 14 variables into a single metric for identifying disadvantaged communities and co-investment opportunities. Distributed via the firm website as a free thought-leadership and lead-generation resource for institutional investors, foundations, municipalities, and community developers.
- Fund Services Advisory services for conceiving, structuring, capitalizing, and managing strategic investment funds focused on social impact, including pipeline development, due diligence, and management of catalytic capital vehicles such as the Echoing Green Signal Fund and Angel City Seed Fund. For family offices, foundations, fund managers, municipalities, and other institutional investors seeking to deploy catalytic capital.
- Advisory Services Comprehensive advisory spanning financial, operational, market access, community engagement, racial equity, and strategic issues for early-stage companies and social enterprises, including real estate strategy, entitlements, stakeholder engagement, financial structuring, and project management services for aspiring community developers. Subject matter expertise in food and low-income/multicultural segments.
- Social Equity Index A composite metric blending 14 structural and socioeconomic disadvantage variables, mapped across the Los Angeles region to identify communities impacted by multiple inequities and weighted for co-location with place-based investment opportunities. Published as part of the Los Angeles Equity Mapbook.
Quantifiable outcome
- Over 70 successful transactions and $62 million invested into healthy food enterprises in California through FreshWorks Fund
- +3 more outcomes
Companies that use Angel City Advisors
Customer profileNamed customers8 records
Segments5 records
Ideal customer profiles5 records
Angel City Advisors technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Angel City Advisors partnerships and signals
Strategic signalPartnerships
Nine partnerships are on record, tiered core and minor.
- Echoing GreencoreAngel City manages the Echoing Green Signal Fund, a $40 million catalytic capital fund making direct deployments into the world's leading social innovators. Includes integration of significant programmatic supports for founders including capital readiness, mentorship, and technical assistance fundings.
- Northgate MarketscoreStrategic advisory relationship with the Gonzalez family of Northgate Markets, a 40+ chain of independent supermarkets. Supported financings of over 200,000 square feet of new grocery space in five low-income communities.
- LA Cleantech Incubator (LACI)coreAdvisory and board oversight of LA Cleantech Incubator, committed to inclusive green economy by unlocking innovation, transforming markets, and enhancing communities.
- BioscienceLAcoreDaniel Tellalian helped launch and lead Bioscience Los Angeles County (BioscienceLA), a nonprofit innovation catalyst supporting the life sciences ecosystem in Southern California.
- Los Angeles Food Policy CouncilminorFounding member of the Los Angeles Food Policy Council, tasked with reworking the region's food system.
- Project New VillageminorAdvisory and board oversight for a resident-led, community-rooted movement in Southeastern San Diego seeking to acquire land and build a multi-use commercial food hub.
- Detroit People's Food CoopminorProduced business plan for Detroit People's Food Coop, launching as part of the Detroit Food Commons in 2024.
- Perkins CoiecoreTroy Foster serves as Angel City Advisors' general counsel, serving as firmwide chair of the Emerging Companies & Venture Capital practice at Perkins Coie.
- Avivar CapitalminorPrior venture before founding Angel City Advisors. Daniel Tellalian was co-founder and Managing Partner of Avivar Capital, an SEC-registered investment advisor focused on impact investing.
Scale indicators8 records
Recent moves6 records
Expansion highlights5 records
Angel City Advisors competitors and assessment
Company assessmentDirect peers
- Avivar Capital: SEC-registered impact investing RIA co-founded by Angel City Advisors' founder Daniel Tellalian. Most directly comparable firm given shared leadership lineage and focus on catalytic capital, food investing, and bioscience.
- Tideline: Boutique consulting firm advising institutional clients on impact investing strategy, manager selection, and measurement. Comparable in serving foundations and family offices seeking impact investment advisory services.
- Sonen Capital: Impact investment advisor for foundations, family offices, and endowments. Directly comparable in serving similar client segments (foundations, family offices) with mission-aligned investment advisory and OCIO services.
- Nonprofit Finance Fund: National CDFI providing capital, consulting, and advisory to nonprofits and social enterprises. Comparable in providing fund design, due diligence, and advisory services to mission-driven organizations and place-based initiatives.
- RSF Social Finance: Social impact financial intermediary providing loans, investments, and giving services to social enterprises. Comparable in deploying catalytic capital and serving social enterprises and place-based initiatives.
Broad incumbents
- Capital Impact Partners: Community development financial institution (CDFI) providing capital and advisory to underserved communities. Comparable as a larger mission-driven lender with broader geographic reach and institutional capacity.
- BlueOrchard Finance: Global impact investment manager managing pooled investment funds for institutional and private investors. Comparable as a larger incumbent in the impact fund management space with multi-asset capabilities.
- Acumen: Global impact investment fund and advisory organization backing social enterprises. Comparable in deploying catalytic capital to social innovators and providing programmatic supports, but with broader geographic and sector mandate.
- Mission Investors Exchange: National network of foundation impact investors. Comparable as a thought-leadership and convening organization serving the same foundation and family office client base Angel City targets.
Emerging players
- CapShift: Technology-enabled impact investing platform for foundations and other institutions to deploy capital. Comparable as a competitor for foundation and family office impact mandates, with a more technology-forward delivery model.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
Angel City Advisors social profiles
Digital presenceAngel City Advisors financial estimates
Financial estimateRevenue estimate
Valuation estimate
Angel City Advisors leadership team
Management profileNumber of profiles
Profiles24 records
Angel City Advisors funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Angel City Advisors M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Angel City Advisors
What does Angel City Advisors do?
Angel City Advisors facilitates the flow of capital and expertise to social enterprises and emerging community voices. The firm conceives, structures, capitalizes, and manages strategic investment funds and provides advisory services spanning financial, operational, market access, community engagement, racial equity, and strategic issues for family offices, fund managers, foundations, municipalities, and other market participants. Managed vehicles include the Echoing Green Signal Fund ($40M catalytic capital fund) and the Angel City Seed Fund.
Is Angel City Advisors a public or private company?
Angel City Advisors is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Angel City Advisors founded?
Angel City Advisors was founded in 2019. It employs 1 to 10 people.
Where is Angel City Advisors based?
Angel City Advisors is headquartered in Los Angeles, United States, in the North America region.
How does Angel City Advisors make money?
Three revenue lines are on record. Advisory Services are the primary driver. The others are fund Management and due Diligence Services.
Who are Angel City Advisors's main competitors?
Direct peers on record are Avivar Capital, Tideline, Sonen Capital, Nonprofit Finance Fund and RSF Social Finance. Broad incumbents are Capital Impact Partners, BlueOrchard Finance, Acumen and Mission Investors Exchange. CapShift is listed as an emerging player.
Does Angel City Advisors have an API?
No public API is recorded for Angel City Advisors.
What industry is Angel City Advisors in?
Angel City Advisors's product category is Impact Investment Advisory. Its primary akta.pro industry code is FSAAACAG, Institutional Consulting RIAs (OCIO/Endowments/Foundations/Pensions), with a secondary code of BPAHADAG, Capital Raising Advisory (Debt/Equity/Private Capital). Its NAICS code is 523940 and its SIC code is 6282.