Welcome to our October monthly newsletter that covers the latest news on our investments, founders and members. This last month, we heard 12 pitches from outstanding founders, and next month, we will likely have one of our largest investment months. Stay tuned for more exciting news. As a team, we have begun regularly meeting in-person again, and we feel normalcy returning to our organization's operations.
YTD INVESTMENTS
In 2022, New York Angels individual members made investments of $8.8M year-to-date.
SEPTEMBER INVESTMENT HIGHLIGHTS
Medcura
New York Angels members invested in Medcura for the third time since 2017. Medcura is a first-of-its-kind surgical hemostat platform that uses safe, inert ingredients with proprietary chemistry to serve a broad spectrum of consumer and clinical applications. Medcura has successfully grown its distribution through a strong network of national pharmacies. New York Angels members were impressed with their CEO, Larry Tiffany, and the potential of their core product to be useful in controlling bleeding in a number of different clinical situations. Over recent years, the company recognized that the initial plan would need to be modified and identified an even better initial early revenue opportunity.
COMPANY EXIT
Motion Intelligence
Cambridge Mobile Telematics, the world's largest telematics service provider, purchased Motion Intelligence for it's cutting-edge technology to prevent distracted driving. Together, Cambridge Mobile Telematics and Motion Intelligence will continue to make the world's roads and drivers safer. Motion Intelligence's Evvy app prevents distracted-driving caused by mobile devices before they occur.
COMPANY NEWS
Findmine
Findmine recently raised an additional $8.2m in a new venture capital funding round. Findmine is the #1 AI-powered dynamic content creation engine that allows brands to create personalized shopping experiences specific to the retailer. New York Angels individual members first invested in Findmine's seed round over five years ago. Read More
COMPANY MEDIA COVERAGE
Kidas
Kidas and Stand4Kind announced joint student protection initiative to address teen mental health and cyberbullying. Kidas' award-winning ProtectMe platform screens for kids' dangerous online video gaming activity. New York Angels individual members invested in their seed extension round earlier this year. Read More
MEMBER SPOTLIGHT
Murat Köprülü joined New York Angels in 2019, and he has been an extremely active member since. Murat shares his most memorable experience as a New York Angel member, why preparation is the essential to pass through Screening, and how founders who bring calmness to the stressful investment process are most successful.
COMMUNITY CONNECTIONS
Veteran Ventures Capital
In the New York Angels September Investment Forum, President & Founder of Veteran Ventures Capital, Derren Berrell shared why investors should invest in Veteran founders. Veterans consistently deliver exceptionally strong ROIs and often have a competitive advantage, particularly when bidding for government contracts. NYA has a long history of supporting and investing in Veteran-owned companies. Read More
MEMBER PERSPECTIVES
Seth Masters
Is there a better way to value a startup deal? New York Angels Vice Chairman Seth Masters discusses how deal math can be a useful tool that helps founders find strategies to attract investors and helps investors make better investment decisions. Seth works through the details of the deal math to show that a target exit multiple isn't sufficient in understanding the full value of a deal. Read More
MEMBER PERSPECTIVES
David S. Rose
During our Angel Intelligence briefing at our September Forum, David S. Rose, New York Angels Founder and Chairman Emeritus, shares what angels look for when they invest in companies. While each angel has their individual criteria, the two critical factors that all angels can agree on: 1) The Entrepreneur and 2) Traction.
UPCOMING MEMBER MEETINGS
Screening (Virtual):
• November 30 (9:30 AM - 1:30 PM)
Investment Forum (Hybrid):
• November 14 (9:30 AM - 1:00 PM)
FOUNDER DEADLINES
November 30th Screening Application:
• Due November 9
*New York Angels, Inc. ("NYA") is a not-for-profit corporation that is funded by membership dues for individuals and/or entities that NYA has designated as members as well as from certain sponsors. Its purposes include providing administrative support to its members. NYA does not invest in companies. Investments, if made, are made by individual members of NYA.
