Angels Get More Active

Angel investment was up sharply in 2006, according to a report released this week by the Center for Venture Research at the University of New Hampshire.

Total angel funding reached $25.6 billion last year, up 11 percent from 2005, according to the report. Angels backed a total of 51,000 entrepreneurial ventures in 2006, a 3 percent increase from 2005.

As in 2005, healthcare services, and medical devices and equipment accounted for the largest share of angel investments, with 21 percent of total angel investments in 2006, followed by software (18 percent) and biotech (18 percent). The remaining investments, according to the center, were approximately equally weighted across high-tech sectors.