Angels Continued To Pay Up For Deals In 2012

Angel investors continued to pay up for deals in 2012, though the median round size slipped slightly for the year, according to the Halo Report of angel group investment trends.

The median pre-money valuation for early stage seed companies remained steady at $2.5 million, compared with 2011, the report found. However, the median round size of all angel deals fell to $600,000 from $625,000 in 2011, according to the survey put together by the Angel Resources Institute, the Silicon Valley Bank and CB Insights.

The study suggests angels in the United States remain active, though they shifted dollars to mobile and telecom deals and away from healthcare companies last year. Internet companies receive about 27% of angel dollars.

The most active angel groups were New York Angels, followed by Tech Coast Angels, Launchpad Venture Group, Central Texas Angel Network and Golden Seeds.

According to the study, 63% of companies receiving angel money had revenue last year and 44% of deals were follow-on rounds.

Photo courtesy of Shutterstock.

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1 Comment

  • I found it interesting that almost two-thirds of companies funded by angel groups last year had revenue. Would have expected it to be much smaller. Aren’t angels supposed to be seeding new ideas and concepts?

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