Golden Seeds Among ‘Most Active Angels’ in Q3

Boston’s LaunchPad, Austin’s Central Texas Angel Network, Investors’ Circle, with an office in Durham, N.C., Atlanta Technology Angels and Golden Seeds, which has offices in New York and Boston, have been rated the most active angel groups in the third quarter of 2012.

The rating came in the Halo Report, an analysis of U.S. angel and angel group activity by the Angel Resource Institute, in partnership with Silicon Valley Bank and CB Insights. The report counted represents 541 deals worth $804.4 million in total rounds including co-investors.

In the third quarter of Q3 2012, the Southeast rivaled California with a 19.5% share of angel investment. California rode on the Silicon Valley’s traditional dominance to top with 21.4%.

New England received 14.3% of the investments while New York got 6.5%; Southwest took a 13% share; and the Midatlantic accounted for 9.1%

Other notable findings:

Median Angel Round Size Hits Five-quarter High
The median size of angel and angel group syndicate rounds reached $640,000, the highest in the five quarters.

Mobile Sector Sees Jump
Investment in mobile companies increases in both deals and dollars; share of deals reached five-quarter high.

Early Stage Valuations Stable
The median pre-money valuation for early stage angel group deals was $2.6 million, slightly down from $2.7 million in Q2, for a rolling 12-month period.

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