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CommonAngels doesn’t have the star power of West Coast angel investors, but the Lexington-based angel group aims to be “Boston’s Super Angels,” it said in a newsletter Wednesday evening. In the newsletter, CommonAngels announced two new seed investments: Ayeah Games of Boston, and Blaze Software, a Canadian company. They declined to disclose the amount of either investment. The group also plans to open a satellite office in Kendall Square, Cambridge.
Ayeah Games is developing a social video game based on commenting and linking to news and other media content. The company was founded earlier this year by Black Duck Software founder Doug Levin.
Blaze Software is staying stealthy for now, CommonAngels Managing Director James Geshwiler said, but a launch announcement is expected in a matter of days.
A third CommonAngels investment – $1.5 million for Waltham digital marketing firm Clovr Media – was announced Monday.
At the seed stage, CommonAngels plans to invest based solely on the decision of the two managing directors, making small commitments with the goal of catalyzing syndicates for investment rounds between $100,000 and $1 million. For Series A investments – around $1.5 million – the group’s goal is to complete investments within two months.
“For the seed program you’re looking at relatively small investments from us – $25,000 at the outset, but those are going to be part of quarter million, half million dollar rounds,” Geshwiler said.
Geshwiler said a third seed investment is near to closing, and a fourth is “in the pipeline.”
CommonAngels also announced today it plans to open a satellite office inside the Cambridge Innovation Center, in Kendall Square. In the newsletter, managing directors Geshwiler and Chris Sheehan emphasized that the group plans to pick up the pace of its seed and Series A investments.
Digital media and software are converging, Geshwiler said. “A lot of that activity is happening in Kendall Square.”
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