FG Angels invests in art marketplace app

BOULDER – The FG Angels investment syndicate has invested $285,000 in ARTtwo50, a San Francisco-based company that sells artwork through a mobile app.

FG Angels Aggregate Investors LLC is an arm of Boulder-based Foundry Group, a venture capital firm.

“Angel” investors are wealthy individuals who invest in startup companies. FG Angels plans to invest $2.5 million into companies that are raising money on AngelList, which is an online fundraising tool that combines social networking and crowdsourcing, Brad Feld, a managing partner at Foundry, said in a blog post in October.

ARTtwo50 sell artwork from more than 1,000 U.S. artists through a mobile application…