Broad Street Angels Surpasses $1.4 Million in 2025 Investments
Expands Portfolio Amid Challenging Venture Climate
FOR IMMEDIATE RELEASE
Philadelphia, PA — March 10, 2026 — Broad Street Angels (BSA), an angel investment group of the Union League of Philadelphia, announced continued investment momentum and portfolio expansion at its 2026 Annual Meeting, held March 5.
Despite a challenging fundraising environment for early-stage companies in 2025, BSA deployed over $1.4 million in capital, including $485,000 in new investments and $953,000 in follow-on funding to support high-performing portfolio companies.
“Even in a constrained capital market, our members remained highly active—backing new opportunities while doubling down on companies showing real traction,” said BSA Chair Melissa Ludwig during the meeting, which drew nearly 60 investors and founders.
New Investments Reflect Focus on Healthcare and Financial Innovation.
BSA welcomed three new companies to its portfolio:
• Forma Medical — advancing minimally invasive foot surgery through precision-driven orthopedic solutions
• New Issue IQ — streamlining bond market workflows with centralized data and analytics
• Otolith Labs — developing a breakthrough wearable treatment for chronic vertigo affecting millions of Americans
Follow-On Capital Supports High-Growth Portfolio Companies
BSA also increased its investment in several existing portfolio companies, including:
• Strados Labs — wearable respiratory monitoring technology
• Integrated Reality Labs (PlaySlap) — real-world, multiplayer mobile gaming platform
• Bubble Goods — marketplace connecting independent health food brands with consumers
• Hazel — disposable, leakproof briefs that look & feel like real underwear
Since its inception in 2017, Broad Street Angels have:
• Completed 53 investments
• Deployed almost $14 million in capital
In the first quarter of 2025, the Broad Street Angels achieved a successful exit with Keriton, a neonatal care platform.
The group continues to focus on identifying high-potential early-stage companies and supporting them through growth, follow-on funding, and exit opportunities.
About Broad Street Angels
Broad Street Angels is an angel investment group of accredited investors affiliated with the Union League of Philadelphia and proud to be part of America’s 250th celebration. The group invests in high-growth early-stage companies across the Mid-Atlantic region, with a portfolio spanning healthcare, enterprise software, data analytics, sustainability, and consumer products.
Contact:
Susan Yee, Chair – Communications Committee
syee@scyinvestments.com
610-997-8100
Previous