For almost two decades, Warrington-based Delaware Crossing Investor Group has been funding early-stage, high-growth entrepreneurial ventures in Bucks County and beyond.
DCIG is an angel investor network of former and current executives and entrepreneurs. Since 2005, its members have contributed investment capital and domain expertise in a wide array of industries, with a concentration in life science and technology-based companies in need of $500,000 to $2 million in capital.
According to its website — www.delawarecrossing.org/ — DCIG has 35 members and 60 portfolio companies and it’s looking to add more in 2024.
It operates out of Fox Rothschild offices in Warrington and Princeton.
The group generally limits its first-round investment to $100,000 to $250,000. Thus, “in order to achieve larger raises, DCIG often invests alongside other angel groups and early-stage venture capital firms,” Liz Sigety, DCIG co-founder and managing director, explained in a press release.
“We believe in supporting emerging ventures and entrepreneurs in our region that will make a difference — these are highly risky equity investments but many of our portfolio companies have gone on to grow and either be acquired or gone public.” Sigety said. “Our life science ventures may save lives and make it easier for patients to manage their care.”
One recent participant is New Britain Borough-based medical device developer Thrombolex Inc. The company was co-founded by Marv Woodall, who is also on the board of the Bucks County Herald Foundation.
Thrombolex president and CEO Michael Cerminaro said in the same statement that he has found DCIG members knowledgeable and capable of making “smart investment decisions quickly. This, combined with DCIG’s inherent risk-taking ability and structural flexibility, makes them an excellent source of venture related capital.”
Sigety said in a statement that she’s hoping DCIG can increase its support of entrepreneurial companies in this region in 2024 and add members to its network of accredited investors.
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