Angel Investors Active in Great Lakes

lakesA couple weeks ago, we took a look at a few states that were pursuing tax credits to help promote angel investing. Policymakers in those states may want to take a closer look at the Great Lakes region where angel groups invested more dollars than anywhere else in the country.

According to the latest annual Halo Report from the Angel Resource Institute, angel groups in the upper midwestern region accounted for 17.2 percent of dollars invested, a huge jump from the previous year’s total of 9.5 percent for the region. Leading the way in the region was Wisconsin Investment Partners, a Madison-based group founded in 2000 with a focus on life sciences and technology.

The 2014 Annual ARI Halo Report data is based on 870 deals totaling $1.65B in total rounds including co-investors. Overall, the data painted a positive picture for 2014.

"Group angel investing in the U.S. had a busy 2014,” Wiltbank said. “The upward trend has been running generally from 2011 and accelerated in 2014. Valuations increased. Deal sizes increased. Activity increased. As a result, the breadth of group angel investing increased, with investments spread more across sectors and across different regions than in prior years.”


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