An angel group is an organized network of individual angel investors who pool resources, share deal flow, and often invest collectively in startups. Members conduct joint due diligence and invest through individual checks or through a pooled SPV (Special Purpose Vehicle), providing institutional-quality process and a larger collective check size without the institutional structure of a venture capital fund. Angel groups bridge the gap between solo angel investing and formal VC firms, particularly active at the pre-seed and seed stages.
The major US angel groups: Tech Coast Angels (Southern California, one of the largest by member count), Keiretsu Forum (global network with chapters across the US, Europe, and Asia), Houston Angel...