Halcyon Impact Angel Network

What is Halcyon Impact Angel Network?

Halcyon Impact Angel Network is an emerging angel investor group based in Washington D.C., focused on fostering social impact through strategic investments in early-stage companies with a social mission. The network is an initiative of Halcyon, a D.C. nonprofit known for its incubator programs that support social entrepreneurs and for providing them with housing and resources at Halcyon House. With a $300,000 grant from the U.S.

Department of Commerce's Regional Innovations Strategies Program, Halcyon aims to create a robust angel group to bridge the capital gap in the region for social enterprises. Their investment thesis revolves around generating direct economic impact and catalyzing further funding and support mechanisms for seed-stage companies tackling social challenges. The group's goal is to recruit between 50 and 70 investors within three years, ensuring significant investment activity and exceeding an aggregate of $1 million a year in investments post the initial phase.

Halcyon Impact Angel Network is committed to supporting a diverse array of startup founders, not limited to just those emerging from Halcyon's programs, and is actively building a pipeline of entrepreneurs and engaging potential investors. They underscore the importance of the angel investment stage, highlighting its role in accelerating operations for businesses before they reach the institutional level, where securing investments is substantially more challenging, particularly for women and minorities.

The network also complements the local investment ecosystem, recognizing the collective value of multiple groups contributing to the growth of social enterprises. Additionally, Halcyon is raising a $6 million fund specifically for investing in its incubator's fellows and their ventures.

Collectively, Halcyon-supported companies have raised over $91 million and created 764 jobs, underpinning the organization's successful track record and its strategic impact on the social enterprise sector.