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Investment Activity Overview Executive Summary
T his report is based on responses from 29 active an- gel organizations, representing a diverse cross-sec- tion of Canada’s angel community. Of the 29 organiza- tions surveyed, 24 had made investments in 2020. This is similar to the number of organizations reporting on their investment activity in previous years. These angel organizations made 416 investments totalling $102.9 million. This is a 39% increase in the number of invest- ments compared with 2019 but was a lower figure than in 2018. In contrast, the total amount invested by re-
sponding angel organizations – $102.9 million – was lower than in both 2019 and 2018. There was also a decline in the size of investments. The average (mean) amount invested per company in 2020 was $289,792, which was significantly lower than in 2019, although similarly reflects the average per company early-stage round size seen in 2018. The median size of investment in 2020 – $100,000 – was also significantly lower than in both 2019 and 2018.
202 1 ANNUAL REPORT ON ANGEL I NVEST I NG I N CANADA The Chang i ng Landscape
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