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Gender of Organization Membership 2.6
T he majority of angel investors continue to be men. However, the proportion of women who are mem- bers of angel organizations has been increasing year- over-year since this information was first collected in 2017 (Figure 6), with women accounting for 37% of the members of angel organizations in 2022, up from 27% in 2021 and more than doubled since 2019.
ada who are women is not out of line with international comparisons, higher than in many countries (e.g. UK) 2 and similar to the USA. 3 4
A key driver of this growth in women angels has been the formation of angel organizations with a higher pro- portion of women members, or exclusively for women, with most of these angel organizations making invest- ments in women-led businesses. Five of the 24 orga- nizations that provided detailed investment information on the number of their members who identified as men
There is very little comparative data available on the proportion of angels who are women. But as far as can be discerned the proportion of angel investors in Can-
2023 ANNUAL REPORT ON ANGEL INVESTING IN CANADA
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