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D emand for angel funding in 2022 was higher than in each of the previous three years. These organi- zations received 7,982 approaches for funding. 26 organizations reported deal flow information for 2022. These organizations received 7,982 approaches for funding. This is a 3% increase from 2021, the third annual increase — and is higher than in every year since 2015, save for 2017 (Figure 8) - but with the usual caveat that annual trends are influenced by differences in the number of organizations reporting this information each year. Demand for Angel Funding 3.1
Number of Businesses Seeking Funding from Angel Organizations: Trends over Time FIGURE 8
8000
6000
4000
2000
2015 2016 2017 2018 2019 2020 2021
2022
2023 ANNUAL REPORT ON ANGEL INVESTING IN CANADA
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