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Investment Activity Executive Summary
D emand for angel funding increased in 2021. The organizations that reported deal flow information 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. The usual caveat needs to be added that year-on-year trends are influenced by annual differences in the number of organizations re- porting this information each year. 20% of these busi- nesses were selected for presentation to investors. An-
gels undertook due diligence on 30% of the businesses that were invited to present, ultimately investing in 90% of these businesses once due diligence was complete. This represents 5% of the businesses that initially ap- proached these organizations for funding. The organizations which reported their investment ac- tivity made 600 investments in 2021, investing a total of $212.9 million.
2022 ANNUAL REPORT ON ANGEL INVESTING IN CANADA
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