pic-trent.jpgCONTRIBUTED BY
Trent Dykes
trent.dykes@dlapiper.com

The Angel Resource Institute, Silicon Valley Bank and CB Insights recently released their angel group update 2012 year in review, the Halo Report. The Halo Report analyzes angel investment activity and trends in the United States. Here are a couple interesting 2012 highlights:

  • The median angel round size was $600K;
  • The median angel round size was $1.5M when angel groups co-invest with other types of investors;
  • The median pre-money valuation for early stage angel group deals was $2.5M;
  • 63% of angel group deals were in companies with revenue;
  • 56% of angel group deals were in new companies;
  • 11% of 2012 deals were convertible debt (up from 6% in 2011);
  • California was the most active region for angel deals, both in number of deals (18.1%) and total dollars invested (23.1%), but California was lower in both categories compared to 2011; and
  • The top three industry sectors attracting angel investment were internet, healthcare and mobile, both in number of deals and total dollars invested.

A copy of the full report can be found here and the infographic can be found here.