Study: Angel Investor Market Recovering
Angel investors inked more deals and the number of active investors climbed in the first half of 2012 compared to the first half of 2011, according to the Center for Venture Research at the University of New Hampshire.
Total angel investments nationwide in the first and second quarters of the year totaled $9.2 billion, an increase of 3.2 percent over the first half of last year.
There were 27,280 businesses that received angel funding, an increase of 3.7 percent. The average deal size fell slightly, from $338,400 to $336,390. And investments created more than 106,000 jobs, the center said.
“While the market exhibited a stabilization from the first and second quarters of 2011, when compared to the market correction that occurred in 2008, these data indicate that the angel market has demonstrated a steady recovery since 2008,” said Jeffrey Sohl, director if the center.
Seed and start-up-level funding represented 40 percent of angel activity, down from a pre-2008 peak of 55 percent.
Expansion stage financing saw a significant bump, from 13 percent of all angel investments in the first half of 2011 to 22 percent in the first half of this year. Sohl said that indicates that more angels are positioning their investments for exits in 2013.
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