City officials held a press conference Tuesday morning to welcome the VA Angels, a Canadian angel investment firm, to its new location in Phoenix.

The Center for Entrepreneurial Innovation at Gateway Community College will house the VA Angels, said Jeff Saville, executive director of CEI. Saville said the firm will hold its monthly meetings at CEI and will also retain offices there.

Randy Lennon, co-founder and managing director of the firm, said it recently celebrated its 100th investment company and currently has 120 investors.

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