2020 Report on Angel Investing In Canada

ANGEL GROUP CHARACTERISTICS

2.1 Introduction

This section profiles angel groups in Canada. The evidence confirms the growing maturity of Canada’s angel market, reflected by the growing presence of longer-established groups.

ANGEL GROUP CHARACTERISTICS

2.2 Organizational Structure

Angel groups can potentially organize themselves in a variety of ways. In Canada, the majority of groups - 73% - are structured as not-for-profit entities. A further 23% are for-profit entities (Figure 1). This is similar to previous years.

FIGURE 1 Corporate Legal Structure of Angel Groups (n = 22)

For-Profit Corporation Not-for-Profit Organization Other

Note: Category “other” includes a transitioning not-for-profit entity,

5%

and a General Partner and Limited Partner structure.

23%

73%

28

ANNUAL REPORT ON ANGEL INVESTING IN CANADA

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