I am not the least surprised it was a fast path to acquisition.
Denver, Co (PRWEB) December 30, 2015
Founded in 2007, the Angel Capital Group merged with RAIN Source Capital of Minnesota in 2014. The merger was created to form a national syndicate of angel groups and funds. Collectively the two networks have funded 137 companies.
Angel Capital Group CEO Eric Dobson elaborated on the importance of the North Alabama operation. According to Dobson, “Weathercloud was a unique offering and we liked it from the start. They had great leadership and great products. I am not the least surprised it was a fast path to acquisition.”
About Angel Capital Group
Angel Capital Group is a fully syndicated “angel” capital private equity network with operations in 9 states. Together, ACG and Rain Source Capital have a 10-year history and have invested approximately $44 million in 131 companies across a variety of market sectors. The combined portfolios have created over 4,500 jobs and $750 mil in follow-on capital investments by other funds. For additional information regarding the Angel Capital Group and its investment criteria, visit them online at http://www.theangelcapitalgroup.com, @angelcapitalgr, http://www.linkedin.com/company/831505, or http://www.facebook.com/angelcapitalgroup.