There is considerable variation in the size of investments between sectors and over time (Figure 19). There was very little difference in 2019 in the median investment size between sectors. This contrasts with the situation in previous years, with the ICT sector consistently having the lowest
median size of investment. One particularly large investment has skewed the mean investment size of the Other sector ($1.9m). The mean size of investments in Life Sciences ($538,000) is signifi- cantly higher than for ICT and Services ($388,000 and $321,000 respectively).
FIGURE 18 Valuations - Percentage of Investments by Industry (Amount Invested)
100%
3.2%
3.1%
4.4%
5.4%
4.7% 2.6% 5.8%
90%
12.2%
2.3% 2%
9.9%
31%
27.1%
80%
40.4%
70%
9.8%
6.8%
Energy ICT Life Sciences and Healthcare Services Manufacturing Others Cleantech
60%
3%
6.5%
3.6% 2.7%
47%
51.7%
50%
19.7%
40%
25.4%
22.2%
30%
20%
34.9%
30.1%
25.8%
27.5%
27.3%
10%
2018 1.4%
0%
2017 0.5%
2015 0.1%
2019 0.1%
0%
2016
Year
47
ANNUAL REPORT ON ANGEL INVESTING IN CANADA
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