2022 REPORT HIGHLIGHTS Investment Activity Overview
10
40
Decreased Variation in Valuations FIGURE 5
30
Overall, valuations were lower in 2021 than in 2020. The median valuation in 2021 was $5 mil- lion, a decrease from $6 million in 2020. There is less variation in valuations in 2021 compared to 2020 with half of investments valued between $2 million and $6 million and slightly more than half (55%) valued at $6 million or less. 27% of early-stage investments were made at valuations of $10 million and above (similar to the proportion in 2020).
20
10
Up to $2m $2-4m $4-6m $6-8m $8-10m $10m+
Valuations in Millions of $
2022 ANNUAL REPORT ON ANGEL INVESTING IN CANADA The Changing Landscape
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