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A ngel organizations were asked whether they had observed any changes during 2022 in the types of businesses that had approached them seeking finance. Responses were varied, with some angel organizations identifying changes while others had not. The most frequently cited change was an increase in the num- ber of businesses in the CleanTech and climate change space seeking investment. Increased demand from HealthTech and AI was also noted. Market Changes in 2022 4.3
tions on angel investment preferences. The only consis- tent theme, noted by some angel organizations, was an increasing emphasis among angels on social and envi- ronmental impact, with angels looking to invest in busi- nesses that benefit people or the environment. Spe- cifically, decarbonisation opportunities and CleanTech businesses were attracting increased interest among investors. However, one respondent observed that the ability of angels to measure carbon output remains a challenge in their assessment of such businesses. Some respondents also identified a growing interest among
Angel organizations were also asked for their observa-
2023 ANNUAL REPORT ON ANGEL INVESTING IN CANADA
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