in Angel Investors, Canada, Resources, Venture Capital |

National Survey of Canadian Angel Group Activity

Snow Angel by Syymza

Today, the National Angel Capital Organization (NACO) released statistics regarding Canadian Angel group investment activity in the Investment Activity by Canadian Angel Groups: 2010 Report.

This study looked at the ‘visible’ portion of the Angel investor community – those that are members of Angel groups – as it is almost impossible to survey the entire Angel community. Different countries estimate the visible Angel community represents between 3% (US) and 12% (United Kingdom). Understanding this,  the findings presented below represent only a fraction of the actual Angel investment across Canada. They do, however, provide us with the most accurate snapshot of the activity in the community that we have today.

Significant findings of this report include:

  • 90% of companies funded by Angel groups in 2010 were new, not follow-on.
  • Angel groups collectively received around 1,850 business plans. 14% were considered in detail, 32% received investment.
  • Angels groups invested CAN$35.3 million in 88 deals; an underestimate as some groups did not report the amount invested.
  • Co-investors were involved in 58% of investments and invested at least a further CAN$29.4 million.
  • Angels invested in a wide range of industries but with a strong technology focus: ICT sector (43%), Life Sciences (18%), and Clean Tech (16%).
  • 74% of funded businesses had revenue in 2010.

Download a copy of the full report here: http://www.angelinvestor.ca/2010_Investment_Activity_Report.asp

Bryan J. Watson is a champion of entrepreneurship and early-stage investment and maintains concurrent roles as Executive Director the National Angel Capital Organization and CEO Fusion, a Director of Precarn Incorporated and the Canadian Advanced Technology Alliance, and Advisor to the R.I.C. Center.

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  1. great pointer here, thanks Bryan….will take a bit to digest same…but timely & spot-on!

    :-)Jim

  2. Jim – You are most welcome! If you need any clarification on the statistics, please just let me know.

  3. Zephyr recently marketed an Angel deal, start-up, pre-revenue and pre-FDA (Zephyr is a medical device company – http://www.zephyrsleep.com), fully-diluted pre-money $3.2MM, with founders already funding $750,000 in cash, governed by an independent board.  We have closed on $1 million from 12 new independent angel investors.  We presented to Alberta Deal Generator, Venture Alberta and VANTEC and didn’t get one interested investor from any of them; in fact, we only got two follow-up meetings.  I suspect our experience is quite common … just sayin’

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