2021 Report on Angel Investing in Canada

P R E FAC E Look i ng Fo rwa r d

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Building differently means identify- ing and amplifying new voices and creating new systems and struc- tures that provide all entrepre- neurs with the tools they need to bring their ideas to life. Entrepre- neurship can build and grow local communities by generating wealth, creating jobs, and introducing new innovations that provide a greater quality of life for our citizens. Together, we can build an innovation ecosystem that lifts up all Canadians.

We are fortunate to have partners who are committed to working alongside NACO and our mem- bers to bring increased levels of diversity and investment capital to communities across Canada. And we wish to thank our members, community partners, corporate partners and government part- ners for joining us in this import- ant and ambitious work. In order to create change in our early-stage capital ecosystem, we will need to walk in lockstep with community leaders, policy-makers, educators, entrepreneurs and investors to- wards the goal of an equitable startup ecosystem.

MA RY LONG - I RW I N Board Chair National Angel Capital Organization

C L AUD I O ROJ AS CEO National Angel Capital Organization

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

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