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.
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.