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Boston Harbor Angels

Borderless is a leading investment management firm focused on Web3 technology, dedicated to supporting the next generation of innovators who are driving the development of groundbreaking technologies that will enable the creation of value without borders.

Boston, MA, USA

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Description

Boston Harbor Angels (BHA) is an elite angel investment group based in Boston, composed of experienced business leaders who invest in high-growth, early-stage companies. Founded in 2004, it is recognized as one of the top three angel groups in the U.S. and typically focuses on companies nearing commercialization. BHA primarily targets Seed and Series A stages. It seeks companies with a clear and defensible competitive advantage that are close to commercialization or already generating revenue. 

Eligibility

  • Sector: Industry-agnostic, with deep expertise in Life Sciences, IT, Consumer Products, FinTech, and CleanTech.
  • Geography: Primarily targets the United States, specifically the Northeast (New England) region.
  • Financial Criteria: Seeks companies with a pre-money valuation typically under $3M and total equity needs below $5M to reach positive cash flow or acquisition.
  • Growth Potential: Targets 10x returns within 4–5 years and companies that can reach $50M+ in revenue by their fourth year. 

Process

The application process is conducted through a password-protected online portal. 

  • Method: Founders submit a business summary via the BHA application site.
  • Vetting: BHA reviews 20–30 summaries monthly, selecting roughly 8 for a 10-minute presentation to a screening committee.
  • Final Pitch: Promising companies (usually 4 per month) are invited to present to the full group.
  • Due Diligence: If interest is high, a collaborative due diligence process is initiated, though each member makes an independent investment decision. 

What an Applicant can Obtain

  • Capital: Access to individual and syndicated funding.
  • Strategic Support: Active coaching, mentorship, and access to an extensive contact network of proven business leaders.
  • Active Fund: BHA also operates the Active Fund, a proprietary platform for accredited investors to co-invest alongside the group.