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Demand for Angel Investment 3.1 N ACO’s 2021 Report on Angel Investment Activi- ty indicated that COVID-19 did not have a neg- ative impact on demand for funding from angels, with demand higher than in 2020. 26 organizations report- ed deal flow information for 2021. These organizations received 7,753 approaches for funding. This is an 18% increase since 2020 — and is higher than in every year since 2015, save for 2017, clearly indicating how entre-
preneurs’ demand for angel funding has continued to increase during the second year of the pandemic (Fig- ure 8) - but with the usual caveat that annual trends are influenced by annual differences in the number of organizations reporting this information.
2022 ANNUAL REPORT ON ANGEL INVESTING IN CANADA
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