Angels group invested $5.8 million in '06

From The Seattle Times:

The Alliance of Angels said that in 2006 the organization invested $5.8 million in 31 companies. Of those startups, 11 received a follow-on investment, meaning they had received money from the membership in the past.

In 2005, fewer companies received a record-breaking $7 million. The 2005 numbers were skewed by two of the 21 companies receiving about half of the total invested.

Alliance of Angels sets up new seed fund

From The Seattle-PI:

In other news emerging from the Technology Alliance annual luncheon, P-I reporter Todd Bishop notes that the Alliance of Angels is setting up a new seed fund to help more entrepreneurs in the state access capital.

Dan Rosen, chairman of the Alliance of Angels, said the concept has been in "stealth mode" as they work out the details. He did not say how much money would be contributed to the fund.

"The AoA seed fund will leverage investment opportunities and deal flow and infrastructure of the Alliance of Angels, bringing them to a wider audience of investors, so that we can make even more capital available to promising young companies," he said.