2021 Report on Angel Investing in Canada


Preface
9

Start-Up Visa
35

Executive Summary
36

01 Introduction
56

02 Angel Organization Characteristics
76

03 Investment Activity in 2020
90

A Closer Look at Syndication
101

Spotlight on Atlantic Canada
122

Member Spotlight on Pelorus Ventures
130

Startup Spotlight on Verafin
132

Spotlight on Alberta
135

Spotlight on NACO Startup of the Year
139

04 The Investment Environment
143

Pathways to Equity
151

Founder Spotlight
156

NACO Case Study
165

05 Conclusion
172

Participating Organizations
183

About NACO Canada
186

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