investing

Angel groups invest $118M in N.E. in 2011

Posted 3/9/12

(Updated, 2:40 p.m.)

NEW YORK – New England angel groups invested $118 million in 2011, 13.5 percent of the total angel investment across the country, a report released Thursday said.

Investments in Internet companies accounted for 29 percent of New England’s angel investments, health care 16 percent and telecommunications 13 percent, according to the inaugural Halo Report, which was compiled by the Angel Resource Institute, Silicon Valley Bank and CB Insights.

Two of the five most active angel groups in the country - Golden Seeds and Launchpad – had a New England presence. Golden Seeds, which has offices in New York, California and Boston, made 27 deals, while Boston-based Launchpad made 20 over the year, according to CB Insights.

The report did not include the number of deals made by Cherrystone Angel Group. However, Cherrystone Executive Director Peter C. Dorsey said that the group invested $2 million in 2011, both in new deals and follow-up investments.

Nationally, the report said the median angel investment in 2011 rose 40 percent from 2010 to $700,000.

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