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Why Angels Like Software Startups

September 23, 2016

Angel investors love software companies.

Since 2002, when the Center for Venture Research at the University of New Hampshire first reported the results of its annual survey of angel investment activity, software has been the number one industry sector for angel investments in every year.

And our friends in the Granite State aren’t the only ones showing angels’ affection for software companies. The 2015 Halo Report — a joint publication of the Angel Resource Institute at Willamette University and Pitchbook — shows that more angel investment dollars went to software start-ups last year than went to start-ups in any other industry.

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