Angel investment funding in healthcare increased in 2015, compared with the previous years, according to a new report from the Angel Resource Institute and PitchBook. The 2015 Annual Halo Report found that healthcare deals accounted for 23 percent of angel investment.
Dealflow rose over 2014 with healthcare accounting for 14 percent of deals compared to 11.4 percent in 2014.
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By comparison angels investment in biotech and pharma companies halved in 2015 and accounted for 6.3 percent of angel capital allocations but the funding went to slightly more deals last year than in 2014.
Kereitsu Forum was the dominant angel investment group last year. It has 25 chapters across the United States. It was followed by Tech Coast ANgel Groups, with five chapters. Texas angel groups had a strong showing in the rankings: Central Texas Angel Network and Houston Angel Network were in the top five,
Other broader angel investment trends include:
- a 53 percent increase in pre-money seed stage valuations from 2014, reaching an all time high of $4.6 million;
- Median round size when angels co-invest with other investors continued to rise and increased to $1.6 million.