Long Island experts expect a strong year for angel investing in 2018, mirroring national trends. One expert says he’s seeing a “historically high volume” of local firms looking to pitch to investors.
Angel investors, or high net-worth individuals as they’re known, invested larger amounts in fewer deals last year, according to the Center for Venture Research at the University of New Hampshire.
Total investments nationwide in 2017 were $23.9 billion, an increase of 12.6 percent over 2016, while the number of entrepreneurial ventures that received angel funding — 61,560 — was down 4.4 percent, according to the center’s data.
The numbers bode well both locally and nationally for entrepreneurs.