When was Cherrystone Angel Group founded?

Cherrystone Angel Group was founded in 2004.

Where is Cherrystone Angel Group's headquarters located?

Cherrystone Angel Group's headquarters is located in Providence (United States).

How many companies has Cherrystone Angel Group invested in?

Cherrystone Angel Group has invested in 18 companies, including Rellevate & Lenoss Medical.

Which companies has Cherrystone Angel Group invested in lately?

The Nursing Beat & jaia robotics are the latest investments by Cherrystone Angel Group.

What sectors does Cherrystone Angel Group focus on for investments?

Top sectors in Cherrystone Angel Group's portfolio are HealthTech (5 investments) and Enterprise Applications (5 investments).

How many exits has Cherrystone Angel Group been involved in?

Cherrystone Angel Group's portfolio has seen 5 acquisitions.

Cherrystone Angel Group - 2026 Investor Profile, Portfolio & Investment Trends

Cherrystone Angel Group, established in 2004, is an angel investment group based in Providence, United States. It primarily focuses on Seed investments in companies in United States. Its portfolio includes 18 firms, spanning the HealthTech, Enterprise Applications sectors. Its most notable investments include companies like Rellevate, Lenoss Medical and SmartCells. As of Oct 2026, Cherrystone Angel Group has witnessed 5 portfolio exits. Its latest investment was a Undisclosed Seed round in The Nursing Beat on Nov 05, 2024 along with Nurse Capital.

To date, 36 investors have co-invested in Cherrystone Angel Group's portfolio companies, including prominent names like Launchpad Venture Group.

Key Metrics

Founded Year

2004

Location

Providence, United States

Portfolio Companies

Rellevate, Lenoss Medical & 16 more

Sectors of Investment

HealthTech, Enterprise Applications & 14 more

Stages of Investment

Seed, Series A & 1 more

Locations of Investment

United States

View Cherrystone Angel Group's full profile

Cherrystone Angel Group has a portfolio of 18 companies. Their most notable investments are in BoardOnTrack and Lenoss Medical.Their portfolio spans across and United States. They have invested in HealthTech, Enterprise Applications, Life Sciences and 13 other sectors, across stages such as Seed, Series A and 1 more. Here is the list of top investments by Cherrystone Angel Group:

1. Rellevate

Digital bank for consumers. It has its license from Sutton Bank through partnerships. Users are offered services such as money transfers, debit cards, cash withdrawals, checking accounts, bill payments, and more. It also enables employees to access earned wages loans.

Key facts about Rellevate

Founded Year: 2019
Location: Stamford (United States)
Valuation: $*****
Stage: Seed
Total Funding till date: $4M
Employee Count: 34 as on Aug 31, 2026
Investors: IAG Capital Partners, Texas Halo Fund and 6 Others
Latest Funding Round: Seed, Apr 22, 2022, $*****
Highlight: Editors' Pick

2. Lenoss Medical

Key facts about Lenoss Medical

Founded Year: 2016
Location: Raynham (United States)
Stage: Series A
Total Funding till date: $7.3M
Employee Count: 16 as on Aug 31, 2026
Investors: Slater Technology Fund, Cherrystone Angel Group and 10 Others
Latest Funding Round: Series A, Mar 17, 2026, $*****

3. SmartCells

Domain marketplace facilitating secure transactions for impactful brand names. Atom.com provides a platform for buying and selling domain names, ensuring secure and guaranteed transfers. They offer various payment options, including payment plans, and purchase protection with a full refund if a domain cannot be transferred. The platform assists with domain transfers, offers a help center, and provides resources for trademark validation. They focus on connecting businesses with memorable and impactful domain names suitable for various industries. They offer services like domain transfer, domain purchase, domain sales, brand name validation, and secure transactions. They are a B2B platform.

Key facts about SmartCells

Founded Year: 2003
Location: Beverly (United States)
Stage: Acquired
Total Funding till date: $6.35M
Investors: Angel Healthcare Investors, Cherrystone Angel Group and 6 Others
Latest Funding Round: Grant (prize money), Sep 09, 2010, $*****
Highlight: Acquired

4. KnipBio

Developer of all-natural feed ingredients improving aquaculture productivity. The company offers a fermented ingredient designed to enhance existing fish feed, leading to improved juvenile survival rates, enhanced fish health and stress resilience, and increased farm profitability. This results in stronger, healthier fish and more predictable production. The product has demonstrated efficacy across various fish species in numerous trials. It addresses the critical need for holistic nutrition in aquaculture, contributing to improved fish performance from early life stages.

Key facts about KnipBio

Founded Year: 2013
Location: Lowell (United States)
Stage: Seed
Total Funding till date: $7.04M
Employee Count: 7 as on Sep 30, 2026
Investors: SVC, Launchpad Venture Group and 13 Others
Latest Funding Round: Grant (prize money), Jul 01, 2021, $*****
Highlight: Editors' Pick

5. jaia robotics

Provider of a surface & underwater vehicle solution for data collection. It develops robots to collect aquatic data for commercial, industrial, military, government, and academics purpos. It is used for sound velocity profiles, port and harbour security, mine detection, water quality, volumetric transects, and wave data models.

Key facts about jaia robotics

Founded Year: 2020
Location: United States
Stage: Series A
Total Funding till date: $4.55M
Employee Count: 36 as on Aug 31, 2026
Investors: Launchpad Venture Group, Cherrystone Angel Group and 6 Others
Latest Funding Round: Grant (prize money), May 19, 2025, $*****
Highlight: Editors' Pick

View the full list of portfolio companies

Cherrystone Angel Group has invested in 18 companies over the last 22 years, with an average of 1 new investment annually in the last 10 years. Its most recent first time investment was in The Nursing Beat and most recent follow-on round was in KnipBio.

Here are Cherrystone Angel Group's Year-on-Year Investment Trends:

Year	No. of Investments
Year	1^st Round	Follow-on	Total
2026 (YTD)	0	0	0
2025	0	0	0
2024	1	0	1
2023	0	0	0
2022	2	0	2
2021	1	0	1
2020	0	0	0
2019	0	0	0
2018	1	0	1
2017	1	1	2

View all investments by Cherrystone Angel Group

Cherrystone Angel Group has made 11 investments in Seed stage with an average round size of $1.73M, 3 investments in Series A stage with an average round size of $2.42M and 2 investments in Series B stage with an average round size of $17M.

Here are Cherrystone Angel Group's investments by stage:

Stage of entry	No. of Investments
Seed	11
Series A	3
Series B	2

Note: We have considered here, only first round of investments

View all investments by Cherrystone Angel Group

Cherrystone Angel Group has a diverse portfolio, with companies operating in the Enterprise Applications, HealthTech, Life Sciences, High Tech and Sustainability Tech. Notably, it has invested in 15 Tech companies, 14 Enterprise (B2B) companies, 6 Software companies and at least 4 companies focusing on Consumer (B2C).

Here are Cherrystone Angel Group's investments by sector:

Sector	No. of Investments
Enterprise Applications	5
HealthTech	5
Life Sciences	5
High Tech	4
Sustainability Tech	3
Others	17

Note: We have considered here, only first round of investments

View all investments by Cherrystone Angel Group

Cherrystone Angel Group has made most investments in United States (16).

View all investments by Cherrystone Angel Group

Cherrystone Angel Group has not made any investment in 2026 so far.

Here are the most recent investments by Cherrystone Angel Group:

Filter this list

Date	Company	Location	Round Details	Round Amount	Co-Investors
Nov 05, 2024	The Nursing Beat	United States	Seed	6909	Nurse Capital
Jun 22, 2022	jaia robotics	United States	Seed	8077	Launchpad Venture Group [+3]
Apr 22, 2022	Rellevate	United States	Seed	7024	Naples Technology Ventures ... [+4]
May 05, 2021	Lenoss Medical	United States	Seed	7550	Slater Technology Fund [+3]
Jan 11, 2018	Medumo	United States	Seed	2455	Launchpad Venture Group [+1]

See more recent investments made by Cherrystone Angel Group

5 companies from Cherrystone Angel Group's portfolio have been acquired. The most recent acquisition was BoardOnTrack in May 2024 by TransACT for $*****.

Here are Cherrystone Angel Group's portfolio companies that got acquired most recently:

Filter this list

Company	Acquisition Date	First Invested on	First Round of Investment	Round Size
BoardOnTrack	May 02, 2024	Jun 19, 2015	Seed	7131
StreamRoot	Sep 06, 2019	Dec 01, 2015	Seed	4942
Medumo	Jul 17, 2019	Jan 11, 2018	Seed	1408
Boston Heart Diagnostics	Dec 08, 2014	-	-	1164
SmartCells	Dec 02, 2010	May 2006	Series B	1781

View all acquired companies in Cherrystone Angel Group's portfolio

Over the past 22 years, 82 investors have co-invested in Cherrystone Angel Group's portfolio companies. This includes funds and angels.

Invested before Cherrystone Angel Group: MassChallenge, Techstars and 7 others have invested in rounds before Cherrystone Angel Group. There are 2 companies where MassChallenge has invested before Cherrystone Angel Group and 1 company where Techstars has invested before Cherrystone Angel Group.
Top Co-investors of Cherrystone Angel Group: 36 investors entered a company along with Cherrystone Angel Group. These include investors like Launchpad Venture Group (4 companies).
Invested after Cherrystone Angel Group: A total of 37 investors have invested in Cherrystone Angel Group's portfolio after their investments. Top Investors include National Science Foundation (2 companies) and Xcellerant Ventures (1 company).