FIGURE 10 Group Presentation, Funding and Application Success Rates
Application Success Rate
Funding Rate
Presentation Rate
100
80
60
40
20
0
3.3 Investments INVESTMENT ACTIVITY IN 2019 2 4
6
8
10
12
14
Angel Group
resulted from a decline in the average (mean) size of investment per company compared with 2017. Activity in 2019, however, illustrates a significantly lower number of investments than in the previous three years (Table 6). This may be attributable to variation in the composition of groups reporting this information or an emerging trend of fewer transactions with a focus on larger companies. Fewer startups receiving funding would reduce the pipeline of companies that “scale-up” in future years.
Canadian angel activity in aggregate over the past 10 years has crossed over $1 billion in total amount invested with a total of 2757 investments. In 2019, angel groups made 299 investments in 2019, in- vesting a total of $163.9 million (Table 6, Figure 11). This is the highest annual amount invested, up 14.8% on the 2018 figure and marginally exceeding the previous record amount in 2017. In comparison, the number of investments increased in 2018, while the dollar amount of investments decreased, which
TABLE 6 Angel Investment Trends
Total Number of Groups Reporting
Number of Groups Reporting Investments
Number of Investments
Amount Invested ($M)
2010
24
14
88
35.3
2011
24
20
71
35.7
2012
20
19
139
40.5
2013
29
25
134
88.7
2014
30
25
237
90.5
2015
32
31
283
133.6
2016
35
34
418
157.2
2017
43
35
505
162.2
2018
32
28
583
142.8
2019
30
25
299
163.9
40
ANNUAL REPORT ON ANGEL INVESTING IN CANADA
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