DURHAM, N.H.—The angel investor market in 2018 saw an increase in market participation in more companies but at smaller amounts, according to the latest angel market analysis by the Center for Venture Research at the University of New Hampshire.
Total investments in 2018 were $23.1 billion, a decrease of 3.4% over 2017, and 66,110 entrepreneurial ventures received angel funding, an increase of 7.4% over 2017. The number of active investors in 2018 rose to 334,565 individuals, an increase of 16%.
“The change in total dollars and the number of investments resulted in a deal size for 2018 that was smaller than in 2017, reflecting lower valuations,” said Jeffrey Sohl, director of the UNH Center for Venture Research. “The increase in number of investments likely offsets a decline in activity by institutional investors in seed and start-up deals and the smaller deal size may have partially contributed to the increase in angel investors.”
