The Halo Report is a nationwide survey of Angel Groups' investment activity produced by the Angel Resource Institute, Silicon Valley Bank and CB Insights. The Q2 2013 Halo Report shows angel investment round sizes dipped up to a median of $590K per deal, pre-money valuations remain stable at $2.5 million and 74% of angel group deals are syndicated. When angel groups co-invest with other types of investors, the media round size goes up to $1.95M. US angel investment continues to be dispersed nationwide. For the first time, the report separates Texas, which has 11% of angel group deals in Q2, behind California, New England and the Southeast. New England-based angel groups closed deals worth slightly more than deals in California in Q2. The sectors getting funding remain concentrated in Internet, healthcare and mobile, with 71% of completed Q2 deals and 79% of Q2 dollars in these categories.
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Halo Report Q2 2013 Infographic
1. Data Powered by
Present the
Angel Group Update
Q2 2013
1 Median Angel Round Size Dips - $590K
$M
$1.00
$0.50
$590
$710
$600
75%
$700
$590
of angel deals
are syndicated
Median Round
Size is
$1.95M
when angels + other
investor types
co-invest
$0.00
Q2 2012
Q3 2012
Q4 2012
Q1 2013
Q2 2013
Angel rounds include angels & angel groups only.
2 Early Stage Pre Money Valuations Remain Stable at $2.5M
$2.5M
$3.0M
Median
$1.2M
$5.5M
3rd Quartile
1st Quartile
$0.11M
*This includes all rounds with angel groups before Series A.
3 New England Takes Lead in Share of Dollars in Q2 2013
New
York
Northwest
4.6%
Great
Plains
9.7%
California
17.1%
14.5%
10.1%
Texas
of all deals were
completed in Texas in Q2
4 Healthcare Gains Share of Dollars
Deals and Dollars
79
%
5 Most Active Angel Groups
Total Deals
Austin, TX
in Internet,
Healthcare
and Mobile
of Dollars
49%
of deals in new
companies
Tucson, AZ
% of deals
35.9
35%
3.2
4.4
OTHER
INDUSTRIAL
Maryland
11.5
4.4
OTHER
30.3
5.8
ENERGY & UTILITIES
25%
30%
5.1
1.6
COMPUTER PRODUCTS
& SERVICES
20%
12.7
6.3
INDUSTRIAL
15%
SOFTWARE
(NON-INTERNET/MOBILE)
10%
5.8
MOBILE & TELECOM
5%
4.2
HEALTHCARE
0%
INTERNET
5%
13.6
INTERNET
10%
ENERGY & UTILITIES
19.9
15%
COMPUTER PRODUCTS
& SERVICES
25%
SOFTWARE
(NON-INTERNET/MOBILE)
37.2
30%
MOBILE & TELECOM
HEALTHCARE
40%
20%
MidAtlantic
Southeast
6.1%
35%
18.7%
8.9%
Southwest
4.5%
11%
5.9%
Great
Lakes
New
England
$m invested
Indicates and increase over Q2 2012
Indicates a decrease from Q2 2012
Data Powered by
NY, MA, CA
Southern CA