iAngels Survey Finds Angel Funding, Not VCs, Behind Biggest Exits

August 27, 2014 | Equity crowdfunding platform iAngels conducted a survey which found that venture capital firms actually had little to do with startup exits over the past three years. The figures, which measured high tech and technology companies (including biomedical companies), showed that 45 percent of the 20 most profitable exits were based exclusively upon angel investments. In addition, the survey found that the most profitable exit since 2011 was Cyvera that sold in March 2014 to Palo Alto Networks for $200 million. Second place was taken by Playtika, which sold to casino giant Harrah’s for $145 million after raising just $1.5 million from investors and third by Crossrider, which was acquired by Teddy Sagi for $37 million after raising $2 million.