Zalarma
Research

Angel activity by sector: what US angels say they fund

Updated 2026-11-01 · 6 min read

The short answer

Of the 5,982 US angels and syndicates in our database, the most listed sectors are B2B SaaS & enterprise software (3,097), Consumer & retail (2,729) and Fintech (1,644).

  • 5,982 US angels and syndicates are in our database.
  • B2B SaaS & enterprise software is the most listed sector, then Consumer & retail and Fintech.
  • Angels often list several sectors.
  • In thin sectors, operator-angels from your industry matter most.

The headline

Our database lists 5,982 US angels and angel syndicates. The sectors they most often list are B2B SaaS & enterprise software (3,097), Consumer & retail (2,729) and Fintech (1,644). Angels often list several sectors, so the shares add up to more than 100%.

US angels by sector focus

B2B SaaS & enterprise software3,097
Consumer & retail2,729
Fintech1,644
Healthcare & digital health1,638
Machine learning & data1,340
Biotech & life sciences1,114
Deep tech & hardware1,070
Climate & energy717
Media & content650
Education technology604
Crypto & web3499
Manufacturing & industrial476
Marketplaces365
Proptech & real estate355
Cybersecurity237
Food & beverage215
Source: Zalarma investor database, as of 2026-11-01. Counts under 10 are not shown.

All sectors

SectorAngels listing itShare of US angels
B2B SaaS & enterprise software3,09752%
Consumer & retail2,72946%
Fintech1,64427%
Healthcare & digital health1,63827%
Machine learning & data1,34022%
Biotech & life sciences1,11419%
Deep tech & hardware1,07018%
Climate & energy71712%
Media & content65011%
Education technology60410%
Crypto & web34998%
Manufacturing & industrial4768%
Marketplaces3656%
Proptech & real estate3556%
Cybersecurity2374%
Food & beverage2154%

What it means for founders

  • In a crowded sector, specificity wins: angels who list B2B software see many decks, so lead with your buyer and traction.
  • In a thinner sector (food, proptech, manufacturing), every relevant angel matters more; look for operator-angels who built in your industry.
  • Angels who list a sector but are generalists still invest on team and traction; do not skip them.
  • Read how to approach angels and use the cold email templates.

Method

Angels are records whose investor type includes angel or angel syndicate. Sector focus comes from the focus areas, industry and sector fields each record lists; one angel can count in several sectors. Counts under 10 are suppressed.

Frequently asked questions

What sectors do angel investors fund most?

In our data the most listed sectors among US angels are B2B SaaS & enterprise software, Consumer & retail, Fintech and Healthcare & digital health.

Do angels invest outside their listed sectors?

Often, yes. Many angels invest on the team and early traction. A listed sector is a signal of interest, not a rule.

How do I find angels in my sector and city?

Filter by sector, stage and location, then look for operator-angels from your industry. Zalarma can build a matched shortlist for you.

Sources

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