First Close of Inaugural Chemical Angel Investor Fund

Chemical Angels is pleased to announce the first closing of CAN Fund I, the first in an expected series of member investment funds. The fund will now begin making investments in early-stage startups focused on chemistry and materials innovations.

Chemical Angels was founded in 2011 by Sid White and Mark Vreeke to bring together angel investors with startups developing innovations in the hard sciences. The nationwide organization of over 100 angel investors includes many scientists and senior executives at leading companies in the chemical and materials sector. The organization has facilitated investments in more than 40 startups by its members.

With today’s announcement, the Chemical Angels member investment fund will begin making investments in early-stage startups including the following chemistry-enabled specialties:

· chemicals and chemical processes

· life sciences and biotech

· medical devices

· materials and nanotech

· sustainability

· energy

· batteries

· long duration storage

· agriculture

· water

Led by Damoder Reddy, Bruce Weiller, and Mark Vreeke, the Chemical Angels member fund is now accepting applications for funding from suitable startups. All applicants will be considered for investment concurrently by both the member fund and individual Chemical Angel members. The fund will invest up to $150K in each selected startup. Startups can apply for funding from the Chemical Angels website at: https://chemicalangels.com/entrepreneurs.

Mark Vreeke, the President of Chemical Angels, Inc. stated, “This new fund is intended to help early-stage hardtech startups gain funding from angel investors with deep experience in the industry while providing diversification to our members to invest across a wider portfolio of companies than each of us could do alone.”

Chemical Angels is accepting applications for membership. Benefits of membership include the opportunity to invest in the fund as well as individually in chemistry, materials, medical device, and life science startups with due diligence shared with other Chemical Angel members. To apply, please see the Chemical Angels investor page at: https://chemicalangels.com/investors.