An angel network is a group of angel investors who have organized to invest collectively, operate more effectively and provide mutual support. Angel networks are also known as angel groups.
Angel network members meet for presentations from entrepreneurs, after which they review the business proposals and make decisions on investments. Angel networks sometimes also invest collaboratively with other such groups.
Most angel networks focus their efforts on areas in which some members have experience or knowledge, although they are usually open to investments in other areas. According to the Angel Capital Association, the most common areas of investment for angel networks are software, medical devices, telecommunications, and manufacturing.