2019 HALO Report ranks Desert Angels #1 Most Active Angel Group in the Southwest and #8 in the Top 10 Most Active Angel Groups
"We are proud to announce that the 2019 HALO report ranked Desert Angels #8 in the Top 10 Most Active Angel Groups in the country, and #1 in the Southwest. The 2019 Halo Report is based on an analysis of 2,492 transactions across 2,444 companies completed in 2019, focused on Seed or pre-Series A deals. These transactions represented a total of $4.3B invested. You can read more about the report here: https://desertangels.org/news/.
About the Desert Angels
The Desert Angels is a Tucson-based non-profit organization of accredited investors that seeks opportunities to invest in Southwest regional startup and early stage companies. Angel investing strengthens these startup companies, which in turn leads to new jobs and economic growth in our region. The Desert Angels has been consistently recognized nationally as a top-ranked angel group and represents a network of active angel investors who have invested over $60million into 132 portfolio companies and 10 Sidecar funds in the past 20 years. The Desert Angels is a charter member of the Angel Capital Association, which is the trade association of angel investment groups in North America and today represents over 240 angel investor groups and funds.
If you are an early-stage company seeking investment capital, our Screening Panel meets monthly to review new opportunities. The following link will take you to our website for an explanation of the group and process, and to the ProSeeder application itself: https://desertangels.org/pitch-your-company/".
The 2019 Halo Report is based on an analysis of 2,492 transactions across 2,444 companies – all completed in 2019. We culled and narrowed our focus to those transactions, that were clearly Seed or pre-Series A deals, and Series A. This resulted in a data set of 2,154 transactions: 1,921 transactions that were at various stages of Seed – from first financings to second and sometimes third, but still Seed, and 233 transactions were Series A deals. We identified an additional 94 transactions that were later stage, mostly Series B, but a few C and even D rounds in which angels were still participants. However, consistent with 2018 and prior, we did not include an analysis of these later stage deals (post Series A) other than to track and count their occurrence in our New vs. Follow-on investment metric. It remains interesting to see just how far beyond early investing stage angels continue to fund their companies, when they have the opportunity to do so.
These transactions represented a total of $4.3B invested. Our focus remains most intently on these 2,154 early stage deals. Our goal is to continue to serve the angel community with relevant data on trends, challenges, and opportunities from as large a set of transactional data as possible.
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