Venture capital investments in Washington state took a negative turn last year, falling 16 percent to $540 million. But while venture capitalists didn’t invest as much as they used to in the region, at least one angel group said its members are picking up the pace.
The Keiretsu Forum Northwest, made up of angels in Seattle, Bellevue, Portland and Boise, said today that its members invested $24 million in 36 companies last year.
That was the highest total since the group was formed in Seattle in 2005.
Twenty nine of the 36 companies were based in the Pacific Northwest, including 4-Tell, BroVo Spirits, LoanTek, Pacific West Land and Vizit.
Thirty eight percent of the funds went to real estate firms, followed by technology (30 percent) and consumer/retail (16 percent). The angel group also added 78 new members in the Pacific Northwest last year.
“We are pleased to be steadily growing our membership and due diligence resources to provide vital funding to growing companies,” said Nathan McDonald, president of Keiretsu Forum Northwest.
Here’s a look at all of the companies that raised cash from the angel group in 2011.
Washington
Atossa Genetics Inc.
Balance Financial
broVo Spirits
Cadence Biomedical
Connect.me
Digital Scirocco
Enroute Systems Corporation
IMOS
InSpa Corporation
NanoICE Inc.
Orahealth
Pacific West Land
Pacific West Land Fund II
Pyattt/Broadmark Fund
Splat Interactive
Valant Medical Solutions
Vibrant Games
Vizit Inc.
Your Local Market
Idaho
Banshee Bungee
LoanTek
Oregon
4-Tell
CrowdCompass
Oh Shoes
Red Hills Acquisitions V
Red Hills Acquisitions VI
The Lough Road
California
B&R Liquid Adventure
GoPhoto
Focal Point Energy
Landmark
Prolin
Colorado
Adapta Medical
Redstone Resources
Vancouver B.C.
Energy Aware
