2023 Report on Angel Investing in Canada 121923W6

PREFACE Seeding Innovation

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However, they currently face pressures on multiple fronts. When harmonized with the economic magnitude of large, high-growth companies, SMEs are a potent and dynamic force with unparalleled potential. Success stories like Shopify, Hootsuite, and Slack, which transformed from small startups to global lead- ers, exemplify the transformative impact of angel in- vestments. These companies leveraged access to capi- tal, mentorship, and collaborative networks to fuel their extraordinary growth. The angel-backed entrepreneurs showcased on the cover and within this report, under- score the tangible impact of angel investments. Looking ahead, our goal is to cultivate a thriving eco- system that embodies a renewed spirit of collaboration, coordination, and national strength at the early-stage of the entrepreneurial journey. Our angel investors are hyperlocal, and NACO is increasingly local as we inten- sify our partnerships across our national network of 100+ organizations, including angel groups, early stage funds, incubators, and accelerators.

KESHIA CHANTÉ, SINGER, TELEVISION PERSONALITY, AND ENTREPRENEUR AT MOONSHOTS 2030

2023 ANNUAL REPORT ON ANGEL INVESTING IN CANADA

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