Nearly 10 percent of angel investor groups are based in Philly, Baltimore and their environs, according to the Halo Report, which includes an analysis of mid-Atlantic angel investing released last week.
The report found that 8.9 percent of active angel investment groups are located in the mid-Atlantic, an area that included Pennsylvania, New Jersey, Delaware and Maryland. Behind California, the Southeast region, the Great Lakes region and New England, the mid-Atlantic was home to 6.8 percent of all angel investment in the country.
See the report here.
The report is the result of collaboration between the Angel Resource Institute (ARI), an angel investment research and education nonprofit, Silicon Valley Bank (SVB) and CB Insights, a National Science Foundation-backed data-as-a-service firm. The report presents data that has not been available to investors and entrepreneurs until now, according to a press release.
From the press release:
“The data is collected via survey and aggregation of public data using CB Insights innovative data analyses. The 2011 Halo Report data is based on 573 deals totaling $873.3 million dollars invested.”
To see a summary of the full findings from the Halo Report, check out the infographic below: