Alliance of Angels Invested $9.1M in 2009

Gregory T. Huang2/25/10

Seattle-based Alliance of Angels said today that it invested more money in 2009—$9.1 million in 29 companies—than in any previous year. The investments were made in software (33 percent of the money), cleantech (28 percent), retail and consumer products (12 percent), and other sectors like Internet, mobile, biotech, and medical devices. Besides direct investment, the group says it helped facilitate an additional $8.3 million in funding for its portfolio companies from other sources. Alliance of Angels is an angel investor organization focused on working with startups and entrepreneurs in the Northwest; it is a program of the Technology Alliance and has been investing in tech and other high-growth companies since 1997.

Gregory T. Huang is Xconomy's National IT Editor and the Editor of Xconomy Boston. You can e-mail him at gthuang@xconomy.com, call him at 617-252-7323, or follow him on Twitter at @gthuang.