The Angel Capital Association (ACA) has issued its annual “Angel Funders Report 2021.”
In his introduction to the report, ACA President Patrick Gouhin cited two specific accomplishments: (1) expanding syndication and reach; and (2) improving diversity, both for women- and Black-led companies.
ACA members invested $650 million in 2020, averaging about $4.7 million for each member fund. That’s an increase of 15 percent compared to 2019. Angels invested in more deals in 2020 than 2019 – 19 versus 14 – but the average investment per deal was nearly $50,000 lower.
The full report is available for downloading here.