Financing High-Growth Firms: The Role of Angel Investors

OECD, 2011


This report covers seed and early-stage financing for high-growth companies in OECD and non-OECD countries with a primary focus on angel investment.

Angel investment is the primary source of outside equity financing and support for start-ups in a number of countries, yet it is frequently overlooked as angel investors are often not visible. Following the recent financial crisis and continued difficult economic environment, angel investors have been playing an important role in filling financing gaps left by banks and venture capital firms.

Financing High-Growth Firms: The Role of Angel Investors