Angel financing amounts increased in Q1. Source: Halo Report
Angel financing amounts increased in Q1. Source: Halo Report

Looking for cash?

You might have an easier time finding an angel than a few years ago. And they might be willing to put a bit more money to work in your startup.

Share of angel group deals by region. Source; Halo Report
Share of angel group deals by region. Source; Halo Report

That’s one of the findings from the Halo Report, a survey of angel financing deals and activity compiled by The Angel Resource Institute, Silicon Valley Bank and CB Insights.

The first quarter report found that median round sizes increased to $980,000 per deal, while pre-money valuations rose to $2.7 million. That’s a sign of a healthy angel investment climate, meaning for investors are willing to take bets or risky early-stage companies.

“Opportunities are great for startups seeking funding today,” said Rob Wiltbank, Vice Chairman of Research, Angel Resource Institute. “An increase in high-profile liquidity events is driving new investments by angel groups and all types of investors, which in turn will lead to the formation of new companies and continue to feed the cycle.”

Seattle’s Alliance of Angels was among the top 10 most active angel groups in the country during the first quarter, joining Angel Investor Forum, Central Texas Angel Network, Desert Angels, Houston Angel Network, Launchpad Venture Group, Robin Hood Ventures, Sand Hill Angels, Tech Coast Angels and Wisconsin Investment Partners.

Angel investors tend to invest close to home, and most are pumping money into Internet, health care and mobile deals. Together, those sectors accounted for 71.5 percent of all deals.

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