Angel investors are unphased by bubble hype as 2012 valuations remain unchanged versus 2011. Median deal size down slightly from 2011, but trending up in Q4. Mobile doubles its share of investment dollars, while Healthcare slips to #2 behind Internet. California loses share.

We just released our year-end 2012 Halo Report in conjunction with Silicon Valley Bank and the Angel Resource Institute.  The full 33-page report recaps the entire year of 2012, including quarterly trends as well as annual comparisons versus years prior.

To download the entire 33 page 2012 year-end Halo Report, login here. The underlying angel investment data is also available and proprietary to CB Insights. (note: report and data are only available to subscribers)

Highlights of the 2012 angel investing report include:

  • Median Deal Size Shrinks in 2012: medial deal size among angel groups and their syndicates falls to $600k in 2012, down from $625k in 2011.  In good news, however, median deal size reaches a five-quarter high in Q4 at $690k.
  • Early Stage Valuations Hold Their Ground: amidst all the recent talk of an early stage bubble, angel investors remain unphased as pre-money valuations hold steady with those of 2011 at $2.5M.
  • California Loses Investment Share in 2012: while California still remains the top destination for angel group investment in 2012, it loses significant share to various regions including New York, New England, the Mid-Atlantic, and the Northwest.
  • Mobile Dials Up, Healthcare Slows Pulse: Mobile more than doubles its share of investment dollars in 2012.  Healthcare loses significant share in terms of deals and dollars slipping to the #2 spot behind Internet as a destination for angel investment.
  • A New Face Atop the Leaderboard: New York Angels skyrocket up the charts to become the most active angel group in 2012.  Tech Coast Angels slips to the two-spot.

 2012 HALO Report Infographic