The latest Halo report says angel investing for the year was stable and comparable to prior years. Pre money valuations for early-stage companies remained steady at USD 2.5 million and round sizes were relatively consistent. The Halo report is from The Angel Resource Institute, Silicon Valley Bank and CB Insights and is based on a survey of US-based angel group investment activity.
- The sectors and geographies getting funding are shifting – most notably, mobile and telecom companies are gaining share of angel investment deals and dollars
- Healthcare companies are losing share of angel investments.
- Companies in the Northwest and the Southwest US are gaining ground on the number of deals and total investments they receive over companies in California and New England.
- Median angel round sizes hit a five quarter high at USD 690,000 in Q4 2012 for the second quarter in a row. When angel groups co-invest with other types of investors, the median round size is higher at USD 1.5 million.
The trends in valuations, growth in investment size, and wide geographic activity among angel investors is evidence that angels are a reliable and a critical part of growing the next generation of great new companies, concludes the report. (Image source: Halo Report Infographic)