2021 Report on Angel Investing in Canada

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Creating Pathways to Investing Preface

A ngel investing is crucial to ensuring we have a strong pipeline of growing companies and the need to bring new investors into the ecosystem is more important now than ever before. To activate a new com- munity of angel investors, we will need a multi-pronged approach that includes creating accessible entry-points, complementary policy mechanisms, education and out- reach initiatives, many of which are well underway.

We have seen an increase in women angels thanks in part to the work of NACO members The51 and Wom- en’s Equity Lab, and the launch of new groups aimed at addressing the needs of underrepresented founders, such as Backbone Angels. In communities across Can- ada, angel organizations are not only creating new path- ways to capital for entrepreneurs but are creating new pathways to investing by activating new investors and addressing structural barriers.

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

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