New Boston VC firm to raise series of $1M funds

A new early-stage venture capital firm debuts in Boston this week, LaunchAngels, which plans to raise a series of $1 million funds from high net-worth investors and invest in startup deals sourced from equity crowdfunding sites. LaunchAngels’ CEO is Shereen Shermak, who most recently co-founded local financial tech startup BuysideFX, and previously was a VP at State Street and Fidelity. Shermak is based at PayPal’s StartTank startup incubator in Boston. The firm was founded by innovation-focused consulting firm Big Idea Group of Bedford, N.H., whose founder, Michael Collins, serves as lead manager of LaunchAngels. Two of Big Idea’s executives, Beth Obermiller and James Gill, serve as managers for the firm.

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This excerpt is taken from the article ‘New Boston VC firm LaunchAngels to raise series of $1M funds, invest via equity crowdfunding’. To read the full text of the article, please visit Boston Business Journal.