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Investment Activity in 2020 Executive Summary
T wenty-four angel organizations reported their deal flow information for 2020. These angel organiza- tions received 6,539 approaches for funding. This is a 24% increase on the figure reported for 2019 – but the relatively small number of angel organizations reporting this information in 2019 is likely to mean that the scale of this increase in 2020 is exaggerated. Nevertheless, deal flow in 2020 was higher than in every year since 2015, apart from 2017. It would therefore appear that
COVID-19 has not had a negative impact on demand for finance from angel organizations with more entre- preneurs than ever before looking for angel investment. However, this raises a cause for concern as there was less aggregate capital available to a larger number of entrepreneurs. Indeed, this emphasizes the need for greater capacity-building to increase the amount of available capital to meet this increased demand.
202 1 ANNUAL REPORT ON ANGEL I NVEST I NG I N CANADA The Chang i ng Landscape
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