Report: U.S. Angel Investments Grow at Modest Pace in 2005

Durham, N.H. -- Angel investments in the U.S. grew modestly last year, rising 2.7% to $23.1 billion, according to new figures from the Center for Venture Research (CVR) at the University of New Hampshire. The largest chunk of those investments, about 20%, went to companies focused on healthcare services and medical devices, followed by those focused on software (18%) and biotech (12%). Jeffrey Sohl, the director of CVR, said that a growing number of angel investors are taking part in later-stage investments. "This restructuring of the angel market has in turn resulted in fewer dollars available for seed investments, thus exacerbating the capital gap for seed and start-up capital in the United States," said Sohl.
http://wsbe.unh.edu/cvr/