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Angels Stay Local with Investments

Mark Marich

According to a recent report on angel investing in the United States, more than 8 in 10 angel investments in the last 12 months were completed in the home state of the investor group and company. The Q1 2013 Halo Report—published by the Angel Resource Institute, Silicon Valley Bank and CB Insights—is based on 207 deals totaling $222 million invested.

The data show the volume and size of deals is more evenly distributed across the U.S. than in years past. The number of dollars invested by angels in the Southwest (Texas, Nevada, New Mexico, Arizona, Utah and Colorado) topped all other regions, edging out California, which is tracked as a separate region, 18.1% to 17.4%. Companies in the Great Plains region and New York experienced the largest increase in angel group deals while those in New England and the Southeast declined equally.

“The market for angel investing is solid: pre-money valuations are stable, round sizes are trending up, and market activity is spread widely throughout the U.S.,” said Rob Wiltbank, Vice Chairman of Research, Angel Resource Institute. “The key trends over the last few years have been syndication and broader geographic distribution of investment; both of which suggest that attractive new ventures are finding places to start all over the country.”

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