KANSAS CITY – Individual angel investors continued to form organized investor groups, increasing the number of angel groups nationwide from 150 to 250, a nearly 60 percent rise in the past three years.
This news comes from an analysis by the Angel Capital Education Foundation (ACEF) and the Ewing Marion Kauffman Foundation. The survey also revealed that the average angel group invested $1.45 million and that the average angel group invested $266,000 per round and $387,000 per company during calendar 2005.
There are three primary angel investing groups in Michigan: Great Lakes Angels, which focuses on Michigan and Southern Ontario; Ann Arbor Angels, which invests primarily in Washtenaw County companies; and Grand Angels, which typically does West Michigan deals.
While investments by angel groups are a small fraction of the estimated $23.1 billion in total angel investment last year, the analysis indicates that the professionalism and sophistication of angel groups is increasing along with the number of groups.
The analysis was released at the ACEF?s recent annual North American Summit and the PowerPoint noting the statistics is available at AngelCapitalEducation.Org
