Baltimore data analysis startup Yet Analytics has raised $1.3 million in seed funding.
The company in September said it expected its planned $750,000 seed round to be oversubscribed.
Baltimore-based Panther Angels led the round. Other investors include the Dingman Angels, Johns Hopkins’ A-Level Capital venture fund, and the Baltimore Angels, who contributed $450,000.
Yet Analytics’ platform can collect large amounts of data across a company’s devices and analyze it in a way that can help clients improve efficiency. The platform helps clients improve efficiency and operations by collecting and analyzing data across the company.
Yet Analytics, led by CEO Shelly Blake-Plock, is based at the Emerging Technology Center at Johns Hopkins Eastern.
The Baltimore Angels recently surpassed $5 million in overall investment, according to numbers released by the six-year-old early-stage investment group
The milestone comes as members of the group invested $4 million in startups over the last two and a half years. Since 2012, investor membership has grown from 30 to 50 members. The group meets once a month to hear pitches. Companies are usually after the “friends and family” round, and pre-seed stage.
“We want to lead in Baltimore not only as a premier source of angel investment capital, but also as a mentorship and advisory resource for Baltimore’s many innovators and entrepreneurs,” said Greg Cangialosi, Baltimore Angels cofounder and current co-chairman.
So far in 2015, the Baltimore Angels have invested $1.7 million. Members of the group have invested in the following companies this year: Citelighter, Yet Analytics, Clean Plates, Link Labs, Moonlighting, MPower, Sensics,Sickweather, Solution Design and Virgil Security.
The group also recently hired a full-time employee. Venture for America fellow Michael Tucker, who is a Baltimore native, is now working full-time as director of operations. And they also have a new website.