According to the Center for Venture Research angel funding was up 10% last year nationwide.

It seems like the move to later stage investments in the angel market is a national trend. According to the press release:

“While angels continue to represent the largest source of seed and start-up capital, market conditions and the capital gap in the post seed investing stage are requiring angels to engage in more later-stage investments. New, first sequence, investments represent 63 percent of 2006 angel activity, indicating that some of this post seed investing is in new deals. This restructuring of the angel market has in turn resulted in fewer dollars available for seed investments, thus exacerbating the capital gap for seed and start-up capital in the United States”

The full report in pdf format is available.