Alliance of Angels Says 2010 Investments a Record $10.3M

2/23/11Follow @curtwoodward

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.

Curt Woodward is a senior editor for Xconomy based in Boston. Email: Follow @curtwoodward

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