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The National Minority Angel Network (NMAN) is an investment firm that pursues the empowerment of minority, woman, and veteran entrepreneurs through education, investment, and alignment to corporations who seek their business. NMAN membership consists of corporations, service providers, and angel investors. It is the largest and first formal national minority angel investment group in the US. The goal is to build its membership to over 2500 members over the next 5 years and become the leading investment firm in terms of minority deals by 2016. The NMAN founding partners have, collectively, invested $40.5M in 14 ventures and have achieved exit values of $320M for investors. The firm provides training in angel investing and entrepreneurship through a NMAN resident program “academy” consisting of 3 modules.
According to the Center for Venture Research, of the 67,000 Angel deals completed in 2012, only 1% was to minority led or owned companies and 4% went to woman ventures.