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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