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Yukon and Saskatchewan.
syndicated with 2+ angel investors. That is a significant amount of col- laboration and it is promising to see syndication happening across prov- inces and internationally as well. On the West Coast, The51, based in Calgary, reported that approximate- ly 23% of its deals were syndicat- ed with US investors, 18% of deals were syndicated with investors in Toronto, and 44% were syndicat- ed with investors in Vancouver. For 2020, VANTEC reported that 70% of its deals were syndicated in BC and 30% were syndicated with in- vestors internationally. Angel Fo- rum reported 90% BC-based in- vestment and 10% across Alberta,
In 2019 the Southwestern Ontario Angel Group reported that 67% of their deals were syndicated and in 2020 that percentage increased to 90%. It is also interesting to note that data analysis suggests that VANTEC and Angel Forum report a 66% increase in deals syndicated. The51, VANTEC, Canadian Interna- tional Angel Investors, and East Val- ley Ventures reported that 100% of their deals are syndicated with other funds or other angels. Data averag- es from across Golden Triangle An- gel Network, AngelOne, and South- western Ontario Angels show that approximately 90% of the groups’ deals are syndicated with other angel investor groups and 65% are
In Central and Atlantic Canada, there is also evidence of nationwide syndication. Southwestern Ontario Angels reported that based on the dollar amount invested, on average 10% of their deals were based in BC and 5% are based in the US. Cana- dian International Angel Investors reported that 29% of their deals are in Nova Scotia while 72% are On- tario-based. East Valley Ventures’ investments span New Brunswick, PEI, Nova Scotia, and Ontario. While COVID-19 put a stop to in-per- son meetings, this investment col- laboration did not stop and invest-
202 1 ANNUAL REPORT ON ANGEL I NVEST I NG I N CANADA The Chang i ng Landscape
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