TABLE 3 Number of Investments and Group Size
Membership Size
50 or less
51-100
Over 100
Median number of investments
5
12.5
8.5
Mean (average) number of invest- ments
6.3
16.8
21.5
There is less consistency over time in the most active angel groups based on the number of investments made. Just two groups were in the equivalent list in 2018 - Anges Québec and Northern Ontario Angels. However, these two groups have been amongst the top five most active angel groups measured by number of investments in every year from 2014.
The most active groups in 2019 that responded to the survey are located in Central Canada (Ontario and Quebec) (Table 4). The most active angel groups in terms of dollars invested show a high level of consistency over time, with three groups appearing in the top five rank in each year since 2016, and just one group (Valhalla Angel Investors) appearing for the first time in 2019.
TABLE 4 Top Canadian Angel Organizations by Investment Activity
Organization
2019 Rank 2018 Rank 2017 Rank 2016 Rank 2015 Rank
Anges Québec
1
3
4
2
3
Anges Québec Capital
2
5
•
•
•
Northern Ontario Angels
3
1
1
3
•
iGAN Partners Inc
4
2
2
1
1
Valhalla Angel Investors
5
•
5
5
4
• = Not in the top 5
35
ANNUAL REPORT ON ANGEL INVESTING IN CANADA
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