2022 Highlights from Report on Angel Investing in Canada

2022 REPORT HIGHLIGHTS Investment Activity Overview

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MARY LONG-IRWIN Board Chair National Angel Capital Organization

CLAUDIO ROJAS

CEO National Angel Capital Organization

“2021 was a phenomenal year for investment in Canadian startups. Our priority at NACO is to sustain this momentum in the face of mounting pressures and volatility in the broader economy. We see tremendous opportunity to develop new mechanisms to drive investment at the critical early stages of company growth, creating a strong pipeline of VC-ready, high-growth companies.”

“In 2021, we saw a wide-ranging shift from traditional modes of angel investing, with SPVs and early-stage funds contributing to a vibrant ecosystem. We also saw a conscious approach to breaking down systemic barriers for women and underrepresented entrepreneurs. It’s a year that reflects in many ways how our community is leading change in the broader economy.”

2022 ANNUAL REPORT ON ANGEL INVESTING IN CANADA The Changing Landscape

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