Cherrystone

Cherrystone Angel Group is a venture capital firm specializing in seed/start-ups, early stage, mid venture, emerging companies, and growth capital investments. The firm typically invests in companies located in Rhode Island with a focus on Providence and companies nearby Connecticut and Massachusetts and also in companies which are willing to relocate to Rhode Island. It primarily invests between $0.1 million and $0.5 million. The firm considers to co-invest in its portfolio companies and participates in follow-on round of financings. It seeks to take a board seat in its portfolio companies. The firm typically holds its investment for a period of three to five years.