Angel investors shelled out $22.5 billion in investment dollars during 2011, up just over 12 percent from the previous year’s total, according to the 2011 Angel Market Analysis released by the Center for Venture Research at the University of New Hampshire.
An angel investor is generally described as an affluent individual who provides capital to a business in exchange for ownership equity.
According to the Center for Venture Research, there was a “considerable contraction” in investment dollars in 2008 and 2009 so last year’s activity was seen as welcome news.
During 2011, a total of 66,230 entrepreneurial ventures received angel funding, an increase of 7.3 percent over 2010 investments, the center said.
Commenting on the 2011 data, Jeffrey Sohl, director of the UNH Center for Venture Research at the Whittemore School of Business and Economics, said in a statement, “It appears that an optimism in angel investing is taking hold.”Chris Reidy can be reached at email@example.com.