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

107

D. Deal Structure Services Sector

E. Deal Structure Life Sciences and Healthcare Sectors

6%

4%

6%

30%

28%

40%

30%

28%

30%

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

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

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

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