The American Angel

Who is the American Angel?

Is a New Type of Angel Emerging?

Study Puts Faces on American Angels

  • They invested an estimated $25B= in 71,000 startup deals every year
  • They spur our economic engine
  • But little else is known

  • Young? Old? Male? Female?
  • Where do angels live and work?
  • What is the path to becoming an angel?
  • What does their background mean for how they invest?
  • This "face" can lead to more supportive public policy and the right information to grow the angel field.
  • Also helps entrprenuers understand where best to raise capital


The Report

Every year 200,000+ American angels invest an estimated $25B in more than 71,000 startup deals. Although angels have powerful impact, little else is known about these high-net worth individuals. This first-ever study will define the American Angel today. 

Jointly launched by the Angel Capital Association and Wharton Entrepreneurship, this ground-breaking campaign benchmarks the mix of angel investors across America by age, gender, ethnicity and pinpoint any commonalities such as the path that got them there or how they discover and fund early-stage companies. The 2017 results confirm some assumptions, but include many surprises.

Partners & Supporters

Angel Capital Association

ACA is the largest angel professional association in the world. More than 13,000 accredited angel investors and 240 angel groups, platforms, and family offices are members of ACA.


Wharton Entrepreneurship is part of the Wharton School of the University of Pennsylvania, and widely considered one the most influential centers of entrepreneurship in the world.

About Rev1 Ventures and The John Huston Fund for Angel Professionalism

The John Huston Fund for Angel Professionalism was created in recognition of John Huston, founder and former leader of the Ohio TechAngel Fund (OTAF) in Columbus, Ohio. The fund supports research and educational activities to promote angel investing best practices in partnership with the Angel Capital Association (ACA). John and OTAF were founding members of the ACA.  Rev1 Ventures is a seed-stage venture development organization that combines investment capital and strategic services to help entrepreneurs build products people want and companies that succeed.

Click here to learn more about the campaign supporters.