Seattle based Alliance of Angels invested $5.8 million in ’06

A group of Seattle-area angel investors plans to announce today that it funded more fledgling companies last year than in any other period in the organization’s 10-year history.

The Alliance of Angels http://www.allianceofangels.com said that in 2006 the organization invested $5.8 million in 31 companies. Of those startups, 11 received a follow-on investment, meaning they had received money from the membership in the past.

By Tricia Duryee

Seattle Times technology reporter

Full Story: http://seattletimes.nwsource.com/html/businesstechnology/2003545691_btalliance29.html