The National Angel Capital Organization (NACO)
released the sixth annual Report on Canadian Angel Investing Activity on
July 13, 2016. The report outlined that 2015 was the third
consecutive year of substantially-increased angel investment
activity in Canada. It attributed much of last year's growth to
increased follow-on deal activity, which more than doubled as
compared to 2014. The report found that 32 Canadian Angel groups
made 283 investments in Canadian startups in 2015, amounting to
$134 million. The average deal size totalled $1.16 million, and
total invested capital was up 48% relative to 2014.
The report highlighted the geographic locations of Angels and
investments, with the majority (1109 investors, $105.6 million
invested in 200 investments) being located in Central Canada.
Western Canada (459 investors, $27.5 million invested in 65
investments) and Eastern Canada (85 investors, $0.43 million
invested in 18 investments) also showed significant growth.
