October 14, 2025 – The Angel Capital Association publishes the Angel Funders Report annually to increase awareness about angel investor activity and build a deeper understanding of the investing environment. The report provides context for seemingly disparate data points, identifies trends, and highlights innovative ways that ACA members are working together to fuel the entrepreneurial ecosystem.
The Angel Funders Report is based on direct investment data solicited from ACA member groups. The organization collects data directly from a broad spectrum of angel investors, including leading angel groups across North America, and the resulting report provides powerful first-hand information on the current state of early stage investing. ACA angel investing experts analyze and enhance the data with their knowledge of trends and best practices, developing a comprehensive insider’s view to share with the broader investment community. The angel organizations that provide the information for the report take many forms—groups of ACA members, angel networks, angel funds, networks with sidecar funds, and more.