FIGURE 11 Amount Invested: New and Follow-on Investments
$180.0
$160.0
$41.1
$140.0
$68.6
$120.0
$46.5
$25.5
$105
$76.7
$100.0
Unspecified Follow On New
$80.0
$60.0
$97.3
$25.4
$88.6
$87.1
$50.5
$40.0
$20.0
$32.1
$15.6
$0.0
$0
$0
2015
2016
2017
2018
2019
One of the significant attributes of angel groups is having the financial capacity to make follow-on investments. This is critical in enabling their invest- ee businesses to scale-up. Figure 11 shows the dis- tribution between follow-on and new investments. However, the significant increase in unspecified transactions in 2019 is likely an anomaly in the reporting process. As Figure 12 shows, follow-on
investments account for a significant and rising share of the investments that angel groups make. Figure 13 indicates follow-on investments ac- counted for 38% of the amount invested, margin- ally down from 2018 (40%). However, there is no discernible long-term trend in the share of the total amount invested that is accounted for by follow-on investments.
41
ANNUAL REPORT ON ANGEL INVESTING IN CANADA
Powered by FlippingBook