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Angel investing is probably most closely associated with Silicon Valley, where tiny bets in young upstarts can turn into Instagram-style successes. But that’s just a part of the angel investment ecosystem, and new report being released today from The Angel Resource Institute, Silicon Valley Bank and CB Insights shows where the dollars are flowing.

angelmedian44Interestingly, New England leads the way, accounting for 25.3 percent of dollars invested. That was followed by California at 19 percent and New York at 14.9 percent. California did lead the nation in number of deals.

What’s perhaps even more impactful in the Halo Report is just how concentrated the sectors are where money is allocated.

 “The big three – Internet, healthcare and mobile – continue to dominate the interest of angel groups, and we noticed a particular spike this year for healthcare companies,” said Rob Wiltbank, Vice Chairman of Research, Angel Resource Institute. Eighty one percent of dollars allocated by angel groups were in the Internet, healthcare or mobile arena.

The Halo Report showed that median round sizes for angel deals fell to $520,000 in the third quarter of 2013, down from $700,000 in the first quarter of 2013.

Seattle’s Alliance of Angels ranked among the top angel groups in the report.

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