Monday, July 9, 2012

Tech Coast Angels Leads National Angel Investments

Southern California's largest angel investment group, the Tech Coast Angels, looks to be one of the lead investors nationally in angel-backed companies, according to a report released Monday by the Angel Resource institute. The group, along with Silicon valley Bank and CB Insights, released the 1Q 2012 Halo Report, which summarized Q1 angel investments. The Tech Coast Angels was listed both among the top angel groups in terms of total deals, and the top angel groups in terms of healthcare investments. Other interesting data released in the report included the median pre-money valuation of companies receiving angel money, at $2.5M, and the median angel round, which was $700K for Q1. The report did not break down Southern California separately, but did find that California companies received 25% of the total angel funding over the past 12 months. (socalTECH has relationships with both the Tech Coast Angels and Silicon Valley Bank, although that does not affect our coverage.)

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