Regions

A national survey of angel group investment activity was reported in the Q2 2013 Halo Report. The said report was done in collaboration with The Angel Resource Institute, the Silicon Valley Bank and CB Insights.

The report provides information on median angel round sizes of up to USD590,000 per deal, median pre-money valuations at USD2.5 million and where syndication is at 74%. The report found that when angels co-invest with other types of investors, the median deal size would reach at USD1.95 million.

The report had shown the most active angel investment groups in the quarter. These include the Central Texas Angel Network, Golden Seeds, Desert Angels, Dingman Center Angels, Tech Coast Angels, Houston Angel Network, Launchpad Venture Group, New York Angels and Sand Hill Angels.

According to Angel Resource Institute Vice Chairman of Research Rob Wiltbank, "Clearly, angel groups are successfully syndicating opportunities. Syndication means highly concentrated geographically, as with formal venture capital, but with growing online angel activity, it will be interesting to see how this changes in the future."