2021 Report on Angel Investing in Canada

I N V E S TME N T ACT I V I T Y I N 2 0 2 0 Dea l S t r uc t u r es

106

FIGURE 15

A. Deal Structures

B. Deal Structure ICT Sector

C. Deal Structure Manufacturing Sector

6%

4% 1%

3% 3%

7%

14%

32%

34%

48%

26%

18%

45%

28%

30%

Common Shares Preferred Shares Convertible Debt (Including Convertible Notes) SAFE Notes Debt

Preferred Shares Convertible Debenture/Note Common Shares

Preferred Shares Convertible Debt (Including Convertible Notes) SAFE Notes Warrants

SAFE Notes Loan (Debt) Warrants

202 1 ANNUAL REPORT ON ANGEL I NVEST I NG I N CANADA The Chang i ng Landscape

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