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Investment Activity by Organization 2.7
T here is considerable variation among organizations in terms of their level of investment activity (Figure 7). This is a long-standing feature. In 2021 two organiza- tions (5%) did not make any investments. 20 organiza- tions (51%) made between one and five investments and 16 organizations (41%) made more than 10 investments, with six making more than 25 investments.
ty, with smaller organizations making fewer investments than larger organizations (Table 3).
The most active organizations in 2021 that responded to NACO’s 2021 survey are located in Central Canada (specifically, Ontario and Quebec) (Table 4). There is some consistency over time in the most active organiza- tions, with the Northern Ontario Angels (NOA) consis- tently featuring in the top five rank since 2015 in terms of both amount invested and number of investments,
Not surprisingly, there is a relationship between organi- zation size (number of members) and investment activi-
2022 ANNUAL REPORT ON ANGEL INVESTING IN CANADA
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