Seattle’s Alliance of Angels said its investments hit a record $10.3 million last year, with $9 million of the total coming from individual members and the balance pouring from the group’s seed fund. That’s up from a reported $9.1 million in 2009.
The biggest single chunk of the money went to software and software-as-a-service companies, about 30 percent of the total. Cleantech was second at about 25 percent. Follow-on investments accounted for 22 deals, with 11 companies getting Alliance money for the first time.
Author: Curt Woodward
Curt covered technology and innovation in the Boston area for Xconomy. He previously worked in Xconomy’s Seattle bureau and continued some coverage of Seattle-area tech companies, including Amazon and Microsoft.
Curt joined Xconomy in February 2011 after nearly nine years with The Associated Press, the world's largest news organization. He worked in three states and covered a wide variety of beats for the AP, including business, law, politics, government, and general mayhem.
A native Washingtonian, Curt earned a bachelor's degree in journalism from Western Washington University in Bellingham, WA. As a past president of the state's Capitol Correspondents Association, he led efforts to expand statehouse press credentialing to online news outlets for the first time.
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