Angel Network Pulse: The First 101 Deals

101 deals. 72 networks. 15 countries. $288M in funding raised.

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Released October 23, 2025 - get the latest angel network market intelligence

WHAT’S INSIDE

  • Full Infographic + 9 Charts

  • 101 Company Profiles

  • 72 Angel Network Profiles

  • Analysis of $288M in funding raised

FINDINGS

  1. Texas dominates. 10 Texas-based angel networks made 22 investments - more than any other state. Central Texas Angel Network, North Texas Angel Network, and Baylor Angel Network led activity.

  2. Angels invest cross-border. Capital flowed from 72 networks across 27 states and 12 countries into startups based in 30 US states and 15 countries.

  3. Healthcare + AI everywhere. Healthcare and life sciences captured 34% of deals. 64% of startups across all sectors incorporated AI into their value proposition, regardless of industry.

  4. Angel groups write meaningful checks. Disclosed investments averaged $329K per deal, representing approximately 7% of average round sizes.

Presented by the Angel Capital Association

Angel networks are one of the most exciting yet underplayed parts of the early-stage funding ecosystem, and that's exactly why reports like this matter so much. This snapshot of 101 deals over nine months represents roughly 8-10% of the activity we track through the annual Angel Funders Report, and it tells an important story about how the ecosystem is actually working. The strength of what you see in this data reflects years of work building a more connected, more capable angel investing community.

- Pat Gouhin, CEO, Angel Capital Association

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The 72 Angel Networks

Every network featured over the last 9 months. Subscribe to access full profiles, contact information, and application links.

MOST ACTIVE NETWORKS

  1. Central Texas Angel Network - 5 deals

  2. Baylor Angel Network - 4 deals

  3. New Mexico Angels - 4 deals

  4. North Texas Angel Network - 4 deals

  5. Queen City Angels - 4 deals

  6. Country Roads Angel Network - 3 deals

  7. Cowtown Angels - 3 deals

  8. Latvian Business Angels Network - 3 deals

  9. New World Angels - 3 deals

  10. Sand Hill Angels - 3 deals

  11. VisionTech Angels - 3 deals

  12. Wolfpack Investor Network - 3 deals

ALL NETWORKS (A-Z)

Accelerating Angels • Aggie Angel Network • Alamo Angels • Ambassadors Impact Network • Angel Investor Forum • AngelNV • Archangels • Arizona Tech Investors • Axel Georgian Business Angel Network • Baylor Angel Network • Beacon Angels • BeAngels • Birmingham Angels • Boulder Angels • Brown Angel Group • Cambridge Angels • CAV Angels • Centennial Investors • Central Texas Angel Network • Chandigarh Angels Network (CAN) • Charlotte Angel Fund • Charlottesville Angel Network • Citrine Angels • Club degli Investitori • Country Roads Angel Network • Cowtown Angels • CS Angel • Daedalus Angels • Desert Angels • DFW Angels • Dingman Center Angels • DSI Business Angel Network • Estonian Business Angels Network (EstBAN) • Fbomb Angels • Gaingels • GC Angels • Golden Seeds • Gulf South Angels • Harvard Business School Alumni Angels of Greater New York • Houston Angel Network • Hyde Park Angels • IAN Group • Illini Angels • Italian Angels for Biotech • Italian Angels for Growth • Latvian Business Angels Network (LatBAN) • Lithuanian Business Angel Network (LitBAN) • Mumbai Angels • Nebraska Angels • New Mexico Angels • New World Angels • New York Angels • North Texas Angel Network • Ohio State Early Investor Network • OMA Business Angels • Oqal Angel Network • Oread Angels • Oregon Sports Angels • Park City Angels • Queen City Angels • RE Angels • SAN ANGELS • Sand Hill Angels • SideCar Angels • Spokane Angel Alliance • SVT Angels • SWAN Impact Network • The Angel Group • TiE Angels • VisionTech Angels • Vitalize Angels • Wolfpack Investor Network

The 101 Companies

Companies that secured angel network backing across 18 sectors. Subscribe to access full company profiles, funding details, and participating networks.

SECTORS REPRESENTED

  • Healthcare & Life Sciences (34%)

  • Energy & Industrial (20%)

  • Consumer & Commerce (19%)

  • Technology & Software (17%)

  • Other (10%)

ALL COMPANIES (A-Z)

1Logtech • 6P Color, Inc. • Advanced Optronics • ADVENTUM TECH • Aeronero • Alphyn Biologics • ARK Capture Solutions • Bagel AI • Ballin AI • Beat22 • BedConnect (formerly HeraWell Technologies) • BevBoost • Brite • BuildQ • BuyWander • Carson Life • Coologics • Corganics • Corral Data • Cosynd • CSignum • Cup of Coa • DeCharge • Delta Development Team • Doughlicious • Empirical Security • Enamel Pure • EndoShunt Medical • Ethical Apparel Africa • Eventuall • Exonicus • Faireez • Finlete • FIntegrate Technology • FLIT • Freyya • Glidance Inc • Gramiyaa • Green Steel Environmental • Gridflow • Growmentum • HAPPE Spine • Helios • Hinalea Imaging • Ideem • Imperium Technologies • Intero Biosystems • Invicta Water • Iris Finance • Iteright • Kioga • KLIPY • Left Main REI • Lōvu Health • Luna Robotics • MarkeDroid • Materna Medical • MgShell • NanoPattern Technologies • Nerveli • Neuranics • Noble Mobile • Nqoodlet • Nullspace • Omega 3 Nutrition • One Stop Wellness • Oro Muscles • Painterland Sisters • Peppermint Robotics • Pest Share • POSfinance • PS Fertility Inc. • Raya Power • Reach Neuro • Rebel Medicine • Recce • RevelAi Health • SalivIQ Diagnostics • Shift Thermal • SinuSauna • Sleep.ai • South Rampart Pharma • Spark Biomedical • SpayVac • Spiritus • Surgicure Technologies • Swirltex Inc. • TeamCentral • Terra Vera • TETmedical • TheNextLevel • True Meter • Tympanogen • UniteLabs • Unvale • Utila • Vinaver Medical • VQ Biomedical • Waveful • YEEO • Zelus

Bonus: The 5 Rules of Angel Investing

When you subscribe, you'll also receive "The 5 Rules of Angel Investing" - insights distilled from my 50+ interviews with experienced angels and VCs.

What's inside:

  • Why making only 3-5 investments is statistical suicide

  • The founder trait that matters more than traction

  • Why the smallest checks can create the most value

  • Why year 5-10 is where the magic happens

  • What makes solo angel investing so incredibly difficult

Unlock the Full Report

Get the complete analysis including:

  • Infographic + 9 additional charts analyzing deal flow patterns

  • Full profiles for all 101 startups and 72 angel networks

  • Geographic analysis across 30 US states and 15 countries

  • Sector breakdowns covering 18 subsectors

  • Analysis of angel group participation in $288M funding raised

  • Access to the live tracker (updated weekly)

  • BONUS: The 5 Rules of Angel Investing

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