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NEW YORK: KAYWEB Angels, the New York investment firm providing development and resources in exchange for equity to technology startups, has announced the closure of its Spring/Summer 2014 round, with over 150 applicants applying.

In September, finalists will be invited to pitch in person to KAYWEB Angels at their Manhattan office, with decisions to be made on any investments in October.

CEO Haig Kayserian said: "We thank those who applied and our Board has selected a handful for pitches in person. This will present a magnificent opportunity for startups interested in our investment model to be rewarded."

Applications can still be made during Fall and Winter via the KAYWEB Angels website (CLICK HERE TO APPLY), and they will be considered by the Board for the Fall/Winter round, which will be decided in the first quarter of 2015.