Healthcare drew more angel investment than any other industry last year (MedCityNews)
Angel investors are flocking to healthcare.
A new report shows that healthcare companies received a greater percentage (37 percent) of angel investment dollars than startups from any other industry in 2011.
Within the healthcare sector, medical devices dominated angel investment. Sixty percent of healthcare investments went to medical devices and equipment, far exceeding pharmaceuticals, drugs and biotechnology, which received about 21 percent of all healthcare dollars.
The data from the report is based on 573 deals that total $873 million in investment dollars. The so-called “Halo Report” was produced by theAngel Resource Institute, Silicon Valley Bankand CB Insights.
The importance of the healthcare sector to angel investors stems in part from the fact that angels typically are more comfortable investing in areas in which they have expertise, and several angel investors are prominent former healthcare executives, said Anand Sanwal, CEO of CB Insights.
“The other factor driving interest in healthcare is that many of these angels are motivated by more than financial returns in that they are also ...
