2022 Report on Angel Investing in Canada 110822

EXECUTIVE SUMMARY The Investment Environment

56

Angel organizations reported an increasing willingness of investors to invest as 2021 progressed. However, the in- terest of investors in businesses with a COVID-angle is no longer evident.

Many angel organizations transitioned their activities online, building innovative online engagement strategies with investors and entrepreneurs to replace in-person activities in response to the restrictions on face-to-face meetings and travel introduced in March 2020. Angel organizations continued to operate virtually during 2021, with some in- troducing hybrid events when possible. But some organizations reported difficulties in maintaining engagement via virtual meetings and digital communications compared with live, in-person options. By the fall of 2021, some angel organizations had reinstated in-person meetings as pandemic restrictions were lifted. Some organizations are now operating a combination of in-person and online events, while others will continue with online meetings.

Claudio Rojas , CEO, NACO Randall Howard , Founder and General Partner, Verdexus Pierre Chadi , Angel Investor

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