Median Angel Deal Size Rises As Startups Look For More Runway Amid A Series A Bottleneck
The median size of angel deals rose to $640,000 in the third quarter of last year — a five-quarter high — as startups looked for more runway amid a bottleneck for Series A rounds. Silicon Valley Bank partnered with data company CB Insights and the Angel Resource Institute to survey different angel groups about activity in the fall of last year.
The report didn’t provide any data on the overall volume on angel investments, but it did have information on average round sizes and valuations. Early-stage valuations remained stable with the average at around a $2.6 million pre-money valuation (or before investors put in capital).