About Duke Angel Network
Duke Angel Network, established in 2015, is an angel investment group based in Durham, United States. It primarily focuses on Series A investments in companies in United States. Its portfolio includes 9 firms, spanning the High Tech, Life Sciences sectors. Its most notable investments include companies like Baebies, Carpe and Realtime Robotics. As of Mar 2026, Duke Angel Network has witnessed 2 portfolio exits. Its latest investment was a $12.5M Series A round in Atmos on Nov 15, 2022, which also saw participation from Khosla Ventures and Bedrock.
To date, 33 investors have co-invested in Duke Angel Network's portfolio companies, including prominent names like Triangle Angel Partners.
Key Metrics
Founded Year
2015
Location
Durham, United States
Sectors of Investment
Stages of Investment
Series A & Seed
Locations of Investment
Duke Angel Network's List of Top Investments
Duke Angel Network has a portfolio of 9 companies. Their most notable investments are in Carpe and Baebies.Their portfolio spans across United States and United Kingdom. They have invested in High Tech, Life Sciences, Enterprise Applications and 6 other sectors, across stages such as Series A, Seed stages. Here is the list of top investments by Duke Angel Network:1. Baebies
Provider of diagnostic products for pediatrics. Its proprietary platform the SEEKER is a microfluidic instrument that enables the high-throughput measurement of enzymatic activity in dried blood specimens of newborn babies. It also has another product the FINDER which is an automated screening solution for critical pediatric tests.
Key facts about Baebies
- Founded Year: 2013
- Location: Durham (United States)
- Stage: Series C
- Total Funding till date: $95.9M
- Employee Count: 133 as on Dec 31, 2022
- Investors: VentureSouth, The Vedas Group and 16 Others
- Latest Funding Round: Series C, Sep 04, 2025, $*****
- Highlight: Editors' Pick
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2. Carpe
Online brand of antiperspirants and sweat-absorbing products for various body areas. The company offers solutions designed for underarms, face, scalp, breast, groin, hands, and feet. Products include antiperspirant sticks, wipes, powders, creams, and lotions. The company also provides a quiz to help customers find suitable products.
Key facts about Carpe
- Founded Year: 2015
- Location: Chapel Hill (United States)
- Stage: Series A
- Total Funding till date: $5.78M
- Employee Count: 23 as on Dec 31, 2022
- Investors: Zouk Capital, Duke Angel Network and 7 Others
- Latest Funding Round: Series A, May 16, 2019, $*****
- Highlight: Editors' Pick
Developer of industrial AI software for robotic workcell automation solutions. The company provides cloud-based path planning and AI optimization tools. These tools are designed to streamline motion planning and control. The software aims to optimize cycle times, interlocks, and robot task allocation.
Key facts about Realtime Robotics
- Founded Year: 2016
- Location: Boston (United States)
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $86.3M
- Employee Count: 80 as on Jul 01, 2024
- Investors: Hyundai Motor Company, SAIC Capital and 19 Others
- Latest Funding Round: Series B, May 24, 2024, $*****
- Highlight: Editors' Pick
4. Atmos
Online platform to manage home building process. The platform enables construction professionals to design, select a lot, finance, build and manage the project progress. Additionally, it also partners with home builders and manages the processes.
Key facts about Atmos
- Founded Year: 2019
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $20.6M
- Employee Count: 41 as on Jul 01, 2024
- Investors: Khosla Ventures, Duke Angel Network and 20 Others
- Latest Funding Round: Series A, Nov 15, 2022, $*****
- Highlight: Editors' Pick
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5. MATI Energy
MATI is manufacturing and marketing energy drinks. The product comes in 3 flavours namely citrus, cherry, and tropical. The product nutritional equivalents include caffeine, vitamin C, antioxidants, and potassium and contains no added sugar or artificial flavours. The company sells its products through retail stores and its online store.
Key facts about MATI Energy
- Founded Year: 2012
- Location: Durham (United Kingdom)
- Stage: Acquired
- Total Funding till date: $13.1M
- Employee Count: 16 as on Jul 01, 2024
- Investors: Duke Angel Network, Elevate Innovation Partners and 4 Others
- Latest Funding Round: Series A, Jun 05, 2019, $*****
- Highlight: Acquired
Duke Angel Network's Year-on-Year Investment Trends
Duke Angel Network has invested in 9 companies over the last 11 years, with an average of 1 new investment annually in the last 10 years. Its most recent first time investment was in Atmos and most recent follow-on round was in Realtime Robotics.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 0 | 0 | 0 |
2023 | 0 | 0 | 0 |
2022 | 1 | 0 | 1 |
2021 | 2 | 0 | 2 |
2020 | 0 | 1 | 1 |
2019 | 1 | 0 | 1 |
2018 | 1 | 0 | 1 |
2017 | 1 | 0 | 1 |
Duke Angel Network's Investments by Stage
Duke Angel Network has made 7 investments in Series A stage with an average round size of $18M and 2 investments in Seed stage with an average round size of $1.95M.Stage of entry | No. of Investments |
|---|---|
Series A | 7 |
Seed | 2 |
Note: We have considered here, only first round of investments
Duke Angel Network's Investments by Sector
Duke Angel Network has a diverse portfolio, with companies operating in the High Tech, Life Sciences, Consumer, Enterprise Applications and Real Estate and Construction Tech. Notably, it has invested in 9 Tech companies, 5 Enterprise (B2B) companies, 4 Consumer (B2C) companies and at least 3 companies focusing on Software.Sector | No. of Investments |
|---|---|
High Tech | 3 |
Life Sciences | 3 |
Consumer | 2 |
Enterprise Applications | 2 |
Real Estate and Construction Tech | 2 |
Others | 4 |
Note: We have considered here, only first round of investments
Duke Angel Network's Investments by Geography
Duke Angel Network has made most investments in United States (8), followed by United Kingdom where it has made 1 investment.Country | No. of Investments |
|---|---|
United States | 8 |
United Kingdom | 1 |
Note: We have considered here, only first round of investments
Duke Angel Network's recent investments
Duke Angel Network has not made any investment in 2026 so far.Here are the most recent investments by Duke Angel Network:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Nov 15, 2022 | United States | Series A | 6001 | [+6] | |
Jul 08, 2021 | United States | Series A | 9711 | [+8] | |
Jan 21, 2021 | United States | Series A | 3751 | [+4] | |
Sep 18, 2020 | United States | Series A | 9769 | [+6] | |
Oct 16, 2019 | United States | Series A | 5697 | [+5] |
Acquired companies in Duke Angel Network's Portfolio
2 companies from Duke Angel Network's portfolio have been acquired. The most recent acquisition was MATI Energy in Apr 2020 by Nobl Beverages for $*****.Here are Duke Angel Network's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Apr 27, 2020 | Aug 07, 2017 | Series A | 9158 | |
Sep 04, 2018 | Oct 22, 2015 | Seed | 4029 |
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Co-investors of Duke Angel Network
Over the past 11 years, 77 investors have co-invested in Duke Angel Network's portfolio companies. This includes funds and angels.
- Invested before Duke Angel Network: NCBiotech, HHS and 20 others have invested in rounds before Duke Angel Network. There is 1 company where NCBiotech has invested before Duke Angel Network and 1 company where HHS has invested before Duke Angel Network.
- Top Co-investors of Duke Angel Network: 33 investors entered a company along with Duke Angel Network. These include investors like Triangle Angel Partners (2 companies).
- Invested after Duke Angel Network: A total of 22 investors have invested in Duke Angel Network's portfolio after their investments. Top Investors include Duke University (3 companies) and BOE Technology Group (1 company).
Recent News related to Duke Angel Network
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Xilis Announces Series A Extension, Bringing Total Round to Over US$89 MillionBusiness Wire•Jul 13, 2022•Xilis, FPV Ventures, EQT, Mubadala and 9 others
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Sparta Biomedical Raises $5M in Seed FinancingFinSMEs•Dec 15, 2021•Sparta Biomedical, Duke Angel Network, Sparta Biomedical
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Realtime Robotics Raises $31.4M in Series A FundingFinSMEs•Jun 04, 2021•Realtime Robotics, HAHN Automation Group, SAIC Capital, Soundproof Ventures and 9 others
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Linear Labs Raises $6 Million in New Funding and Expands Board of DirectorsPR Newswire•Oct 13, 2020•Linear Labs, Lowercarbon Capital, Kindred Ventures, Spike Ventures and 4 others
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Docomo invests in Otter.ai, to develop AI-based translation servicesTelecompaper•Jan 22, 2020•docomo.ne.jp, Otter.ai, Ntt DoCoMo, Fusion Fund and 6 others
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Realtime Robotics raises $11.7M for collision avoidance technologyThe Robot Report•Oct 16, 2019•Realtime Robotics, SPARX Group, Mitsubishielectric, Hyundai Motor Company and 4 others
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CRE Simple Raises Seed FundingFinSMEs•Oct 16, 2019•CRE OneSource, Grand Ventures, Fin Venture Capital, Darkknight Ventures and 3 others
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Triangle Angel Partners and Rubicon Venture Capital back CarpeCitybizlist•May 06, 2018•Carpe Lotion, Carolina Angel Network, Duke Angel Network, LaunchCapital and 3 others
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Carpe Secures $2.3 Million To Fight HyperhidrosisPR Newswire•Apr 16, 2018•Carpe Lotion, Carolina Angel Network, Duke Angel Network, LaunchCapital and 3 others
