Angel Investing Dollars on the Rise
If you have a great business idea or are looking for additional funds for an existing business, you will be glad to hear that the Puget Sound Business Examiner Daily reported on March 29 that the angel investor market grew moderately in 2005. Investments totaled $23.1 billion, an increase of 2.7 percent over 2004, according to a report released by the Center for Venture Research at the University of New Hampshire Whittemore School of Business and Economics.
A total of 49,500 entrepreneurial ventures received angel funding in 2005, a 3.1 percent increase from 2004. The number of active investors in 2005 was 227,000 individuals.
Healthcare and medical devices garnered 20 percent of total angel investments in 2005, followed by software at 18 percent and biotech at 12 percent.
Angel investments created an average of four jobs per investment in the United States in 2005.