2022 REPORT HIGHLIGHTS Investment Activity Overview
12
Funding Success Funnel FIGURE 7
100% (7,753)
Application
Of the 7,753 businesses that approached an- gel organizations in 2021, 20% were selected for presentation to investors. Angels undertook due diligence on 29% of the businesses that reached the presentation stage. This represents 5% of the businesses that initially approached these groups for funding. Even when they are not funded, entrepreneurs still receive valuable guidance and training throughout the process. 2021 saw a continued increase in demand for angel capital with 7,753 businesses approaching angel organizations in 2021 compared to 6,539 in 2020.
20% (1,553)
Presentation
Due Dilligence
6% (461)
5% (413)
Funded
2022 ANNUAL REPORT ON ANGEL INVESTING IN CANADA The Changing Landscape
Powered by FlippingBook