The Angel Resource Institute, Silicon Valley Bank and CB Insights released the 2013 Halo Report, a national survey of angel group investment activity, and ranked Tucson-based Desert Angels (DA) in the top 10 for most active angel groups in the United States-a first for DA.
Curtis Gunn, chairman of Desert Angels tells AZTB, “Desert Angels has continued to increase our investment activity for 2013 and we are thrilled to be recognized as one of the top 10 most active angel groups in the US.”
The report revealed the average round sizes held around $600K per deal, and when angels co-invested with non-angels the average round was $1.7M, a three-year high. Also, angels made the majority of investments in Internet, healthcare and mobile startups-Desert Angels were right in step with this trend.
In 2013, DA invested 30 percent of their fund into life science and 70 percent in hardware, software, SaaS, mobile and clean tech for 2013. “We are shifting with the market to app development and mobile,” Gunn said.
Highlights from the report also indicated that dollars were more concentrated in fewer regions. For 2013, DA’s investments focused more in the southwest and placed over $5.5 million into 23 different companies-a record for DA for number of companies and dollars invested-and the majority of rounds landed in Arizona.
“Desert Angels is dedicated to supporting the entrepreneurs of Arizona and early stage startup community, and this HALO report is yet another acknowledgment of our efforts,” Gunn said.
Desert Angels was listed among the rankings of other notable groups such as Golden Seeds, Tech Coast Angels and Houston Angel network.
“Recognition among other angel groups from California, Boston, Texas, and many other entrepreneurial ecosystems validates all the hard work that Desert Angels is doing for the startup community and puts Tucson and Arizona in the spotlight for top angel investment activity,” Gunn said.
Additional Halo Report highlights can be found below:
Read the complete HALO Report here.
Read our coverage on Desert Angels & Curtis Gunn here.
*The Halo Report includes aggregate analysis of investment activity by angels and angel groups and highlights trends in round sizes, location and industry preferences. The data is collected directly by ARI and aggregated with public data using CB Insights innovative data analyses. The 2013 Halo Report data is based on 884 deals totaling $1.1 billion in total rounds including co-investors.
Graphics courtesy of The Halo Report, Silicon Valley Bank, Angel Resource Institute, CB Insights
