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.

PBN Hosted

Join PBN for the best networking event and party of the winter - January 15, 2015 - the Book of Lists Party at the Providence Public Library. Reserve your spot by December 31st and get a holiday gift from PBN!
  • Best Places to Work
    Enrollment is now open for the 7th annual Best Places to Work program. Winners w ...
  • Manufacturing Awards
    Applications are now being accepted for the 2nd Annual Manufacturing Awards. Dea ...
Purchase Data
Book of Lists
Book of Lists cover
PBN's annual Book of Lists has been an essential resource for the local business community for almost 30 years. The Book of Lists features a wealth of company rankings from a variety of fields and industries, including banking, health care, real estate, law, hospitality, education, not-for-profits, technology and many more.
Data icons
Data can be purchased as single lists, in either Excel or PDF format; the entire database of the published book, in Excel format; or a printed copy of the Book of Lists.
  • Purchase an e-File of a single list
  • Purchase an e-File of the entire Book of Lists database
  • Purchase a printed copy of the Book of Lists
    Latest News