EXECUTIVE SUMMARY Investment Activity in 2022
36
years. The median size of investment in 2022 was $82,500, marginally lower than in 2021 ($85,000) and much low- er than in earlier years. The mean size of investment in 2022 was also lower than in 2021 ($220,275 compared with $385,483). The proportion of follow-on investments was higher in 2022 than in 2021, ac- counting for 32% of investments com- pared with 26% in 2021. However, this was still below the level in previous years. Follow-on investment as a share of the total amount invested was also higher in 2022 than in 2021, accounting for 36% of the amount invested, compared with 21% in 2021.
Funding Success Funnel FIGURE C
100% (7,982)
Application
20% (1,584)
Presentation
Due Dilligence
8% (632)
7% (554)
Funded
2023 ANNUAL REPORT ON ANGEL INVESTING IN CANADA
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