Thursday, March 8, 2012
Tech Coast Angels Help Boost California Angel Investments
The Tech Coast Angels, the organized Southern California angel investment group, helped boost California into the top states for angel investment deals, according to a new study released today. The HALO Report, released today by Silicon Valley Bank, the Angel Resource Institute, from data by CBInsights, said that California led the nation in angel investment activity, with 29.8 percent of angel investments in the state. The report also identified the Tech Coast Angels, Band of Angels (Menlo Park), Golden Seeds (New York), The Central Texas Angel Network (Austin), and Launchpad Venture Group (Boston) as the most active groups in terms of number of deals in 2011. The report did not break down investment totals between Southern California and Northern California. Among tidbits of data released in the report, was the finding that the average angel round totaled $700,000 in 2011 for syndicated rounds, and that the most popular sector of investment for angels were Internet companies.