The 2015 Annual Halo Report has been released by The Angel Resource Institute at Willamette University (ARI) and PitchBook.  The Halo Report analyzes angel group investment activity and trends in the United States.  Here are a couple interesting FY 2015 highlights:

  • The median seed-stage valuation for 2015 deals hit an all-time high of $4.6M (up from 53% from 2014);
  • The median and mean round sizes in deals with only angel investors climbed to $850K and $1.164M, respectively (both up materially from 2014);
  • The median and mean round sizes in


Continue Reading Angel Investment Trends: FY 2015 Halo Report

The Q3 2015 Halo Report has been released by The Angel Resource Institute at Willamette University (ARI) and PitchBook.  The Halo Report analyzes angel group investment activity and trends in the United States.  Here are a couple interesting Q3 2015 highlights:

  • The median seed-stage valuation has hit an all-time high of $4M (up from $3M in 2014);
  • The median round size in deals with only angel investors was $725K and the median round size in deals when angels co-invest with non-angels was $1.71M (both up materially from Q3 2014);


Continue Reading Angel Investment Trends: Q3 2015 Halo Report

The Q1 2014 Halo Report has been released by the Angel Resource Institute, Silicon Valley Bank and CB Insights. The Halo Report analyzes angel investment activity and trends in the United States. Here are a couple interesting Q1 2014 highlights:

  • The median angel round size jump to $980K (up from $750K in each of Q1 and Q4 2013);
  • The median round size was $1.65M when angel groups co-invest with other types of investors;
  • The median seed stage pre-money valuation increased slightly to $2.7M;
  • Angel groups continue to


Continue Reading Angel Investment Trends: Q1 2014 Halo Report

Today the Angel Resource Institute, Silicon Valley Bank and CB Insights released their angel group 2013 year in review, the Halo Report. The Halo Report analyzes angel investment activity and trends in the United States. Here are a couple interesting 2013 highlights:

  • The median angel round size remained steady over the last three years at $600K;
  • The median angel round size for 2013 was $1.7M when angel groups co-invest with other types of investors, which was an increase over the median 2012 round size of $1.5M;
  • The


Continue Reading Angel investment trends; 2013 year in review

The Q1 2013 Halo Report report has been released by The Angel Resource Institute (ARI), Silicon Valley Bank (SVB) and CB Insights.  The report, available for download here, is a a national survey of angel group investment activity.

Highlights of the Q113 report include the following:

  • Round sizes trended up to a median of $680K per deal, a 5 quarter high;
  • Pre-money valuations remained at $2.5 million; and
  • Internet, healthcare and mobile deals attracted the most angel interest (72% of Q1 deals, obtaining 64% of the angel


Continue Reading Angel Investment Trends: Q1 2013 Halo Report