About
Cherrystone Angel Group, founded in 2004, is Rhode Island's first organized angel investment group and one of the premier angel networks in New England. Based in Providence, the group comprises over 60 qualified members—experienced entrepreneurs and investors who have built companies or led successful launches—who collectively invest in early-stage companies across the region. The organization takes an active partnership approach, with members participating in investor meetings, educational sessions, and deal evaluation processes. Cherrystone focuses on seed and early-stage ventures, having deployed capital across 11 seed-stage investments averaging $1.73M, 3 Series A rounds averaging $2.42M, and 2 Series B rounds averaging $17M. The group targets companies in life sciences, software, consumer, industrial technology, healthcare, fintech, biopharma, and medical devices, primarily across New England markets including Rhode Island, Connecticut, and Massachusetts. To date, Cherrystone has made approximately 96 total investments, collectively deploying over $25 million across 26 portfolio companies while participating in more than 80 funding rounds that have raised over $250 million. The group has recorded 7 exits. Members benefit from a collaborative due diligence process, networking opportunities, and educational programming, including the organization's annual Pitch Night event. Founders gain access to experienced capital, operational guidance from seasoned entrepreneurs, and a curated investor network. Prospective portfolio companies are evaluated through a formal application process.