New England Trails California & Great Lakes in Angel Deals [STUDY]
One of the more exciting developments in entrepreneurship is the rise of angel investors, however good data on that subject can be hard to come by. To remedy that, The Angel Resource Institute (ARI), Silicon Valley Bank (SVB) and CB Insights last week published the first ever Halo Report, based on data from 573 deals totaling $873.3 million dollars.
Here are the top findings from the report:
- California leads in deals and dollars among individual states
- 79% of angel group investments were in companies outside of California
- 70% of total funding was invested outside of California
- Median angel group rounds size grew to $700,000, an increase of 40% over 2010
- 58% of angel group investments were in healthcare and internet companies
There are a few other items of local interest in the report, including that New England deals were more diverse across sectors than national and California deals (though 45% were still in healthcare and internet.) And you can see from the map above that 14% of deals were in New England, third behind California (21%) and the Great Lakes (15.9%).
For more info, check out the slidedeck below: