Key Takeaways
- • Citrine Angels surpassed $2 million in cumulative investments across 30 women-led startups since its 2019 founding, doubling the $1 million milestone announced in fall 2023.
- • More than 70 women investors participated in the fund deployment, with a significant majority being first-time angel investors prior to joining the organization, indicating expanded market participation in early-stage venture capital.
- • Dawn Myers appointed as Citrine Angels' first Executive Director, bringing entrepreneurial and ecosystem-building experience from prior leadership roles at Vinetta Project and Black Girl Ventures.
- • The organization operates in the Mid-Atlantic region and maintains focus on three core objectives: expanding angel investing education access, activating female investor participation, and directing capital toward women and underrepresented founders.
- • Citrine Angels scheduled "From Interest to Investment: Evaluating Founders and Deals" Female Funder Series event for May 28, positioning educational programming as core to member engagement and capital deployment strategy.
Summary
Citrine Angels announced the achievement of a $2 million investment milestone in women-led startups, representing a significant expansion of its capital deployment since the organization's 2019 inception. The fund was deployed across 30 distinct startup investments by more than 70 women investors, a substantial portion of whom had no prior angel investing experience before joining the organization. This milestone effectively doubled the organization's previous $1 million benchmark, which was announced in fall 2023, reflecting accelerating capital velocity and member engagement over the past 18 months.
The announcement coincides with the appointment of Dawn Myers as Citrine Angels' first Executive Director, signaling a transition toward formalized operational management and scaled growth initiatives. Myers brings relevant experience as an entrepreneur and ecosystem builder based in Washington, D.C., with prior executive roles at Vinetta Project and Black Girl Ventures—both organizations focused on advancing venture capital access for underrepresented founder cohorts. Her appointment indicates Citrine's commitment to professionalizing operations while maintaining alignment with its founder-focused mission.
According to Stephanie Marshall, Co-Founder and Board President of Citrine Angels, the achievement underscores the organization's core thesis: "As Citrine reaches this exciting milestone, we are seeing proof of what becomes possible when women are given access, education, and community around investing." The organization's strategic framework emphasizes three interconnected objectives—expanding education in angel investing methodologies, activating new female investor participation, and increasing capital allocation to women and underrepresented founders. Citrine Angels operates as the premier female-focused angel investment organization within the Mid-Atlantic region, positioning itself as both an investor syndication platform and a financial literacy institution.
The organization continues to reinforce its educational mandate through programmatic offerings, including the upcoming Female Funder Series event scheduled for May 28, titled "From Interest to Investment: Evaluating Founders and Deals," powered by Citrine Impact. This educational positioning differentiates the organization from traditional angel networks and suggests a long-term strategy focused on pipeline development and sustainable capital deployment growth.
The announcement coincides with the appointment of Dawn Myers as Citrine Angels' first Executive Director, signaling a transition toward formalized operational management and scaled growth initiatives. Myers brings relevant experience as an entrepreneur and ecosystem builder based in Washington, D.C., with prior executive roles at Vinetta Project and Black Girl Ventures—both organizations focused on advancing venture capital access for underrepresented founder cohorts. Her appointment indicates Citrine's commitment to professionalizing operations while maintaining alignment with its founder-focused mission.
According to Stephanie Marshall, Co-Founder and Board President of Citrine Angels, the achievement underscores the organization's core thesis: "As Citrine reaches this exciting milestone, we are seeing proof of what becomes possible when women are given access, education, and community around investing." The organization's strategic framework emphasizes three interconnected objectives—expanding education in angel investing methodologies, activating new female investor participation, and increasing capital allocation to women and underrepresented founders. Citrine Angels operates as the premier female-focused angel investment organization within the Mid-Atlantic region, positioning itself as both an investor syndication platform and a financial literacy institution.
The organization continues to reinforce its educational mandate through programmatic offerings, including the upcoming Female Funder Series event scheduled for May 28, titled "From Interest to Investment: Evaluating Founders and Deals," powered by Citrine Impact. This educational positioning differentiates the organization from traditional angel networks and suggests a long-term strategy focused on pipeline development and sustainable capital deployment growth.
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