Is this startup heaven? Angel investing growth in Austin far outpaces U.S.

Nov 20, 2014
Austin Business Journal

The growth in Central Texas angel investing — which is up more than 50 percent — has been mirrored to a lesser degree on the national level


During the first half of the year, both the number of ventures receiving funding and the number of angel investors in the U.S. surged about 6 percent, according to a Tuesday report by the Center for Venture Research at the University of New Hampshire


The average angel investment deal size nationally decreased to $332,120 compared with $337,850 during the same period last year. Seed and startup stage investing accounted for 36 percent of deals, the report found


The Center for Venture Research is one of the longest standing observers of in-depth angel investing trends in the nation


The Central Texas Angel Network has reported significant growth activity since it was founded in 2006. The Austin-based network made investments of $7.3 million during the first six months of the year compared with $4.7 million during the same period last year — a 55 percent increase


CTAN, which includes more than 130 members, ranked as the nation's No. 4 angel group in terms of deal flow, Executive Director Brent Elyea has said


This year, Texas ranked No. 3 in the nation among the most active regions completing angel investments during the second quarter. Lone Star State angel groups completed 12 percent of all U.S. financing deals during the quarter, according to a report by the Angel Resource Institute, Silicon Valley Bank and CB Insights



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