3.8 Investment Characteristics – Region INVESTMENT ACTIVITY IN 2019
Angel investment activity continues to be dis- tributed unevenly across Canada. Central Cana- da (Ontario and Quebec) accounted for 86% of investments compared with 13% in Western Canada (Figure 22A) and 1% in Atlantic Cana- da. Central Canada is even greater in terms of the amount invested, accounting for 94% of the total (Figure 22B). We have seen some improvement in Western Canada with an increase in the number of investments from 11% in 2018. While Atlantic Canada declined from 3% in 2018, the emerging state of the ecosystem may explain this variation.
The number of investments made in Central Canada in 2018 remained the same in 2019 at 86%.
There are also regional differences in the propor- tion of new and follow-on investments. In Central Canada, 62% of investment dollars were new, compared with 64% in Western Canada, and 96% in Atlantic Canada. When calculated on a per cap- ita basis, the uneven distribution of investments persists and Central Canada ’s dominant position is confirmed (Table 7).
FIGURE 22-A Regional Distribution of Investments - Number of Investments
250
56
200
92
150
New Follow-On Unspecified
100
106
50
14
24
1
3
0
0
0
Western Canada (15% of Investment)
Central Canada (84% of Investment)
Atlantic Canada (1% of Investment)
Region
FIGURE 22-B Regional Distribution of Investments - Amount Invested
150000000
$97,302,722
100000000
New Follow-On Unspecified
$23,424,975.4
50000000
$0
$0
$5,744,325 $3,276,900
$665,000 $30,000
$38,861,993.3
0
Western Canada (5.3% of $ Invested)
Central Canada (94% of $ Invested)
Atlantic Canada (0.4% of $ Invested)
Region
51
ANNUAL REPORT ON ANGEL INVESTING IN CANADA
Powered by FlippingBook