Each year, the Angel Resource Institute publishes the authoritative report on angel trends, facts and more. We have both reasons to cheer and motivation to catch up as we drill down on the Halo Report's Mid-Atlantic and gender trends for insights most relevant to Next Act Fund.
For percentage of deals by industry, the Mid-Atlantic lines up closely to the national numbers with software at the top (34% and 36% respectively). However, healthcare rockets up to second place with 34% in the Mid-Atlantic vs. only 17% nationally).
Our region is also seeing a steady increase in percentage of deals funded within the Mid-Atlantic, rising each of the past four years to 66%.
Syndicated deals remain an important approach across the country. The median round size was $950,000 while the median angel group investment was $127,000.
Looking at the details on women and minority funding, the numbers show a long road ahead. Nationally only 17% of deals went to women-led or founded companies. In the Mid-Atlantic region, the number falls to 14%. While the report didn't show regional minority facts, the national deals for minority women-led companies come in at a dismal 3%.
Curious to check out other regions or to learn more? Click here for the full report.
We have two upcoming opportunities for guests to learn more about Next Act Fund. To see our members in action, join our next member meeting on July 5, or come to an information session on August 2. Click here for more information.