Friday, March 9, 2012

California Leads In Angel Activity

A new report, issued Thursday, finds that California led the nation in terms of both deals and dollars in angel funding activity. According to th enew Halo Report, a new report issued by the Angel Resource Institute (ARI), Silicon Valley Bank (SVB) and CB Insights, California represented 29.8 percent of all angel investment deals. The report also found that median angel round sizes grew to $700,000 in the year, an increase of 40 percent over 2010, and that the most popular area for angel investment was in healthcare and internet companies, representing 58 percent of all angel group investments.