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 I nves tment s

98

Mean Size of Investment, Median Size of Investment, and Total Amount Invested FIGURE 12

Angels made smaller investments in 2020. The mean size of investment was $233,000, a lower figure than in any of the previous five years. There was a 28% decrease in the mean size of investment compared to 2019 when it was $325,784. How- ever, as Figure 12 shows, with the exception of 2019, the average size of investment has declined in each year since 2015, suggesting that the further decline in 2020 is not nec- essarily COVID-related. More re- search is required to determine the cause of this decline.

Total Amount Invested ($M)

Mean size of investment

Median size of investment

500

400

300

200

100

0

2015

2016

2017

2018

2019

2020

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

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