ANGEL ORGANIZATION CHARACTERISTICS Gender of Organization Membership
92
and women have only women members, with member- ship ranging in size from 30 to 165 members. However, of every angel organization reported having women an- gel investors, 58% had fewer than 25% of women angel members. The median is 18%, slightly improved com- pared to the previous year. The proportion of women angels is highest in Central Canada (34%) and Western Canada (48%) but lower in Atlantic Canada (13%). When analysed by RDA region, the proportion of women angels is highest in the Prai- ries (90%) and Southern Ontario (55%), lower in West- ern Canada (31%) and is lowest in Northern Ontario (22%), Quebec (14%), and Atlantic Canada (13%). These variations reflect the locations of the angel organiza- tions with higher proportions of women angels.
Women Angel Membership of Angel Organizations FIGURE 6
Overall Women Angel Participation
60%
40%
37%
27%
24%
20%
17%
17%
14%
2017
2018 2019 2020 2021
2022
2 UKBAA (2022) Women Angel Insights: The impact of female angels on the UK economy. September https://ukbaa.org.uk/wp-content/uploads/2022/09/Women-An- gel-Insights%E2%80%94The-impact-of-female-angels-on-the-UK-economy%E2%80%942022-report-final.pdf Also see Sifted (2022) Only 14% of angel investors in the UK are women, report finds. https://sifted.eu/articles/female-angel-investors-in-the-uk/ 3 Jeffrey Sohl, “The Angel Market in 2021: Metrics Indicate Strong Market”, Center for Venture Research, University of New Hampshire, 20 May 2022. https://paulcollege. unh.edu/sites/default/files/resource/files/fy_2021_analysis_report_final.pdf 33.6% in US in 2020 4 Forbes. ‘Women Angel Investors: A Movement That Has Taken Off’, 3rd August 2022. https://www.forbes.com/sites/geristengel/2022/08/03/women-angel-investors- a-movement-that-has-taken-off/
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