Angel Capital Group Announces a Micro Venture Fund in Phoenix

September 22nd, 2015 by Eric Dobson

Phoenix, AZ September 22, 2015 – Angel Capital Group, a leading national angel investor network, is proud to announce a new micro venture investment fund in Phoenix, AZ ( The fund will target between $1 million and $5 million in capital to be invested in local, regional, and national science and technology enable startups. Scott Kelly CEO of Black Dog Promotions will become the General Manager of the fund.

Angel Capital Group was founded in 2007 and merged with RAIN Source Capital of Minneapolis, MN in 2014 to create a national syndicate of angel groups and funds.  Between the two networks, 131 companies have received funding.

Eric Dobson, CEO of Angel Capital Group, elaborated on the importance of ACG’s Kansas City operations saying, “Phoenix represents a great opportunity to both serve an exciting and growing entrepreneurial community and create a resilient focal point for angel investors.  We look forward to many years of supporting economic impact and wealth creation for the city and region.”

The fund’s general manager, Scott Kelly, said “Phoenix has a thriving entrepreneur community with many exciting startups that need and deserve growth capital. Eric and his team at Angel Capital Group provide access to that capital.”

Dobson added, “We have found a great partner in Scott.  He is a savvy businessman and investor and his heart is in the right place.  He loves startups and the Phoenix entrepreneurial community.  We expect great things to erupt from the fund.”

About Angel Capital Group

Angel Capital Group is a fully syndicated “angel” capital private equity network with operations in nine states. ACG recently consolidated its operations with RAIN Source Capital.  The combined entity enjoys a 10 year history and has invested approximately $44M in 131 companies across a variety of market sectors.  The combined portfolios have created over 4500 jobs and $750M in follow-on capital investments by other funds.  For additional information about Angel Capital Group and its investment criteria, visit online at, @angelcapitalgr,, or

About Black Dog Promotions

 Black Dog Promotions is a media, corporate finance and business development agency providing, venture capital, digital marketing and publicity consulting for regional and national brands. Black Dog’s team has a long history of success in the entertainment, sports, and technology and finance industries. They have taken companies from concept to millions of dollars in sales and billions of dollars in market capitalization. Find out more at – The Intersection of PR, Digital Marketing and Sales.

Media Contact
Eric Dobson
CEO, Angel Capital Group
118 North Peters Road, Suite 159
Knoxville, TN 37923
Phone: (865) 272-9677

Scott Kelly
Black Dog Promotions
Phone: (480)206-3435


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