INVESTMENT ACTIVITY IN 2022 Investment Characteristics: Industry Sector
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ilar to the 2021 figure while its share of the amount invested (19%) is similar to the 2020 and 2021 figures. In contrast, the Services sector, which had accounted for a sharply increasing proportion of investments, fell back quite sharply in 2022 (12% of investments com- pared with 28% in 2021; 9% of the amount invested compared with 19% in 2021). CleanTech also saw a sig- nificant increase in its share of investments, up from 3% in 2021 to 6% in 2022. However, the CleanTech and Energy sectors continue to account for a relatively small proportion of total investments (7%) and amount invested (4%) (Figures 17A; 17B). There is considerable variation in the average size of investments between sectors (Figure 17). The ‘Other’ category had the highest mean size of investment in 2022 ($232,548), as it had done in most of the previous years, and slightly higher than ICT ($224,825). Life Sci- ences had the highest median investment ($150,000), a position that it has held in six of the past eight years.
Number of Investments by Sector FIGURE 15
ICT 39.0%
HealthTech 14.4%
Services 12.4%
Manufacturing 7.8%
Others 7.7%
Life Sciences 7.1%
CleanTech 5.6%
AgTech 3.5%
Energy 1.8%
Aerospace 0.5%
Nanotechnology 0.2%
2023 ANNUAL REPORT ON ANGEL INVESTING IN CANADA
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