New Angel Investing Group, Broad Street Angels, Closes On Its First Deal
(Philadelphia, PA) RoseAnn B. Rosenthal, chair of the Union League’s new affinity club Broad Street Angels, announced that it has closed on its first deal participating in funding ZSX Medical, LLC. ZSX Medical, which presented at the BSA’s initial deal review meeting in January, received a six figure investment from BSA members. Located in Philadelphia, ZSX is a medical device company that is reinventing surgical closure with the Zip-Stitch rapid surgical closure platform. Their debut product closes the vaginal cuff in laparoscopic hysterectomy (Hx), accelerating healing and easing the burdens of doctors, hospitals and the 600,000 US women who seek Hx each year. This deal is the first angel investment by Broad Street Angels, which reviews regional start-up companies’ presentations every month.
Said Rosenthal, “Our organization was founded to be an active, dynamic investment group. However, even we were a little surprised at the speed with which our members stepped up, performed due diligence and closed this deal. That our members invested in a company from our first day of reviewing presentations underscores our motivation and commitment to make things happen, and to be recognized as a serious member of the mid-Atlantic region’s angel investment community.”
Broad Street Angels is an affinity club at The Union League of Philadelphia. It consists of Union League members who will actively invest in qualified, early-stage enterprises in Greater Philadelphia as a means of growing the region’s economy, retaining and attracting talent and fostering innovations that strengthen our civic infrastructure. Chair RoseAnn B. Rosenthal, is also President & CEO of BenFranklin Technology Partners. The group is a member of ACA, PACT, PA Angel Network, Ben Franklin Angel Coordinating Group and others.
For information, please contact: Communications Chair, Leo Levinson, CEO of GroupLevinson Public Relations, leo@grouplevinson.com, 215-627-3030.
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