⚡ Get All Content for 20% Off ⚡

Want Angel Investors? Here's What You Need to Know Right Now. (Infographic) A snapshot of where angel investors are putting their money.

By Catherine Clifford

entrepreneur daily

Opinions expressed by Entrepreneur contributors are their own.

If you're seeking funding from angel investors, you have to know where to strike.

Angel investors are most likely to back Internet, health-care and mobile technology startups in their own backyard. That's according to data on angel deals completed in the first three months of 2014 and collected through a partnership between the Angel Resource Institute (ARI), Silicon Valley Bank (SVB) and CB Insights.

In three out of four angel deals completed in the first quarter of the year, the angel investor or group backed an entrepreneur located in the same state, according to the study, called the "Halo Report."

Related: Who Should Be Deemed 'Sophisticated' Enough to Be an Investor?

Angel investors were seen putting most of their cash into high-tech businesses during the quarter, meaning you might need to go elsewhere to raise capital if an ice-cream shop is what you have in mind. The Halo Report tracked zero investments in the computer hardware sector and virtually no deals in the energy and utility sectors. Meanwhile, more than 7 in 10 angel investments inked in the first quarter were in the Internet, health-care and mobile industries.

If that's your sweet spot, how much money should you ask for? The median investment round funded entirely by angels in the first three months of the year was $980,000, according to the Halo Report. When angels or angel groups contributed to a single funding round that includes other investors, like venture capitalists, the median round was $1.65 million.

Take a look at the infographic below to find out more about where and how angel investors are playing the current market.

Click to Enlarge+
Want Angel Investors? Here's What You Need to Know Right Now. (Infographic)
Catherine Clifford

Senior Entrepreneurship Writer at CNBC

Catherine Clifford is senior entrepreneurship writer at CNBC. She was formerly a senior writer at Entrepreneur.com, the small business reporter at CNNMoney and an assistant in the New York bureau for CNN. Clifford attended Columbia University where she earned a bachelor's degree. She lives in Brooklyn, N.Y. You can follow her on Twitter at @CatClifford.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Side Hustle

The Remote Side Hustle a 43-Year-Old Musician Works on for 1 Hour a Day Earns Nearly $3,000 a Month: 'All From the Comfort of Home'

Sam Ziegler wanted to supplement his income as a professional drummer — then his tech skills and desire to help people came together.

Business News

Costco CFO Reveals Uncertain Fate of $1.50 Hot Dog and Soda Combo

CFO Richard Galanti reveals that the price will stay the same — but only "for a while."

Business News

The Most Unexpectedly Popular Side Hustle of the Decade Has Low Startup Costs and High Markups

A new report shows that vending machines are a popular investment — and the industry is set to grow up to $3 billion by 2031.

Marketing

Ever Wonder Why Certain Websites Rank Higher Than Yours? This SEO Expert Reveals The Secret to Dominating Search Results

It's often the smart use of SEO, now supercharged with AI, particularly in keyword optimization.

Business News

AI Is Impacting Jobs. Here Are the Gigs Affected the Most, According to an Analysis of 5 Million Upwork Postings

The researcher said in the report that freelance jobs were analyzed first because that market will likely see AI's immediate impact.

Leadership

Former Interrogator Shares 5 Behaviors Liars Exhibit and How to Handle Them

Five deceptive behaviors to look for and how to respond to those behaviors when you encounter them.