2020 Report on Angel Investing In Canada

TABLE 1 Profile of Angel Groups: An Overview of Participants

Angel Group Characteristics

All Respondents 2018 (32)

All Respondents 2019 (30)

Groups that Participated in 2018 and 2019 (20)

Median Age (Years)

7

8

11

Mean Age (Years)

7.2

9.1

10.7

Median number of members

59

60

60

Mean number of members

256

394

394

Table 1 presents a profile of the age and size of the 30 angel groups that participated in the 2019 survey. It highlights the continuing maturity of angel activity in Canada, with the average age increasing from 7 to 8 years old, reflecting the decline in the number of new groups being formed. Group size is also increasing compared with 2018. The average (mean) number of members went up from 256 in

2018 to 394 in 2019. However, the median number of members increased only marginally from 59 to 60 reflecting the skewed nature in the size distribution of angel groups, with a handful of large groups and a considerably greater number of smaller groups. The total membership of the Groups that responded is more than 6,500 individual angels.

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ANNUAL REPORT ON ANGEL INVESTING IN CANADA

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