2020 Report on Angel Investing In Canada

TABLE 2 Investment Activity by Angel Groups - Overview

Angel Group Characteristics

2018 All Respondents (32)

2019 All Respondents (30)

2018 Groups that

2019 Groups that

Participated in 2018 and 2019 surveys (20)

Participated in 2018 and 2019 surveys (20)

Groups (n) that made investments

28

25

16

17

Investments (k) made by group members

583

299

308

231

Median number of investments

10.5

9

10

9

Mean number of investments

19.43

11.96

19.25

13.58

Per angel group median investment amount

$2,055,810

$1,697,914

$2,147,962

$1,965,095

Per angel group mean investment amount

$5,101,259

$7,126,990

$6,184,768

$8,068,229

Groups reporting detailed investment information

n = 27, k = 507

n = 23, k = 284

n = 16, k = 308

n = 16, k = 225

Per company median investment amount

$120,000

$190,000

$150,000

$150,000

Per company mean investment amount

$282,167

$585,431

$394,248

$658,631

Total Investment amount (all groups)

$142,835,246

$163,920,775

$98,956,285

$129,091,668

5 CVCA (2020) Venture Capital Canadian Market Overview 2019. https://central.cvca.ca/wp-content/uploads/2020/03/CVCA_EN_ Canada_VC_2019_Final.pdf 6 The European Business Angel Network (EBAN) estimates that the visible market – which they define as comprising investments made by angels operating as part of a network which either has a direct relationship with EBAN or reports through a federation, reports through a national venture capital association or which appear on investment databases where start-up investments are reported and specify investors – comprises just 10% of total angel investment. However, other commentators suggest this figure is too low.

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ANNUAL REPORT ON ANGEL INVESTING IN CANADA

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