INVESTMENT ACTIVITY IN 2022 Valuations
122
There was also considerable variation in the valuations of both new and follow-on investments. The valuation of new investments was not as low as might have been expected. Just over one-quarter (26%) of new invest- ments were valued at less than $4 million, with a fur- ther 24% valued at $4 million to $6 million. However, 39% of new investments had a valuation of $10 million and above. Similarly, just over half (53%) of follow-on investments were valued at under $4 million, with 30% valued at over $10 million.
FIGURE 14
Wide Variation in Valuations
A. Total
35
30
25
20
15
10
5
Valuations Up to $2M $2-4M $4-6M $6-8M $8-10M $10M+
2023 ANNUAL REPORT ON ANGEL INVESTING IN CANADA
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