The Seattle-based Alliance of Angels investors report record year, fund 29 companies

The Seattle-based Alliance of Angels http://www.allianceofangels.com/ invested record amounts in Northwest companies last year, pouring $9.1 million into 29 early stage ventures, the organization announced today.

It was the biggest year so far for the 12-year-old group that connects individual investors with entrepreneurs. Its previous record was $7 million to 20 companies in 2005.

"We experienced our strongest year ever in terms of dollars flowing to entrepreneurs, even in the midst of a severe downturn," Alliance chairman, Dan Rosen, said in the release.

Posted by Brier Dudley

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