Desert Angels invest $2.8M in early-stage companies

The Desert Angels invested more than $2.8 million in 2010 – a year the organization said is its most successful investment year since its founding 11 years ago.

Thirteen early stage companies received over $2.8 million from members of the investment group among which were 11 Tucson businesses. Five of these companies were first-time investments for the Angels and the other eight were follow-on investments in existing portfolio companies.