Alliance of Angels Invests $6.4 Million in 36 Pacific Northwest Based Companies in 2008

The Alliance of Angels http://www.allianceofangels.com/ (AoA), the Pacific Northwest’s premier non-profit angel investor organization, announced today that its members invested a total of $6.4 million in Northwest-based companies in high-growth sectors in 2008, an increase of 64% over 2007 and the second-highest yearly total in AoA’s 11-year history.

Nineteen of the 33 companies that presented to the AoA members for the first time last year received investment. In all, 36 companies received investment through AoA in 2008: in addition to the 19 new deals, members funded seven companies that returned to deliver a progress update after previously pitching to AoA, and made follow-on investments in another 10 companies that did not appear before the full membership in 2008 but had presented and received initial funding in prior years.

Full Story: http://www.technology-alliance.com/about/releases/pr022709.html

(Many thanks to http://www.nasvf.org for passing this along. Russ)