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Follow on Google News | Cornerstone Angels Funds 8 Companies in 2012 To DateCornerstone Angels, an angel investment group based in Northbrook IL, has announced that with its two most recent investments in September, Cornerstone has now funded 8 companies within calendar year 2012.
Cornerstone typically sees in excess of 250 deals a year which are proprietary sourced though its membership, and extensive nationwide network. Cornerstone has established strong relationships with investors and entrepreneurs across the country and is active in reviewing, co-investing, and syndicating with other parties. The 26 portfolio companies of Cornerstone have in aggregate across their history, both before and after Cornerstone’ According to Cornerstone Angels Founder and Managing Director Michael C. Gruber, “I am excited that the members of Cornerstone have been so active within 2012 to date. We continue to attract a strong amount of quality deal flow and have been attracting increasing amount of individuals and families interested in joining Cornerstone to participate in our investment activities. We have a strong portfolio and are optimistic that our companies will continue to make strong progress against their business plans into 2013.” Cornerstone and its members have experienced a number of notable acquisitions and IPOs over the past few years, which includes the acquisition of SmartCells by Merck, the sale of Force10 to Dell Computer, the sale of RMI to Netlogic, and the IPO for Amyris, Inc. About Cornerstone Angels Cornerstone Angels is a private membership-based investment organization composed of successful executives, entrepreneurs, and investors who seek to provide financial capital and mentorship to early-stage companies. Cornerstone Angels through its strong relationships attracts in excess of 250 deals annually for investment consideration. The group focuses on early stage private equity opportunities, but also actively considers a range of later stage and opportunistic investments as well. Cornerstone Angels meets on a monthly basis By Invitation Only in Chicago, IL, while attracting investor and company interest and participation nationwide. Cornerstone has recently re-opened up its private membership to a select group of individuals and families for participation. For more information: Contact: Cornerstone Angels, 2100 Sanders Road, Suite 170, Northbrook, IL 60062 Michael C. Gruber, 847.739.0100, michael@cornerstoneangels.com End
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