Start-up funding by angel investors reached $9.2 billion in the first half year of the year, climbing 3.1 percent compared with the same period in 2011, according to the Center for Venture Research at the University of New Hampshire.
The amount of money flowing from wealthy individual investors into early-stage companies still fell short of levels prior to the 2008 economic collapse when angel investments hit $12.4 billion in the first half of that year.
But the sector is recovering, and more angels around the country and in the Boston area are investing, said Jeffrey Sohl, director of the Center for Venture Research at UNH, which puts out the semiannual report on angel spending. The sector is undergoing “steady and sustainable growth,” he said, as individual investors “enter the game cautiously.”
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