Last month the National Angel Capital Organization (NACO) compiled historical data for the past few years and published a report on the growing early stage investing scene in Canada. Authored by Paul Schure at the University of Victoria and NACO staffer Melissa Dodaro, the document provides great perspective into the Canadian entrepreneurial environment.
While membership in Angel groups has declined from 2100 in 2013 to approximately 1700 in 2014, the average quantity of investments per group increased.
The median sized deal jumped from $500,000 in 2013 to $883,000 last year. Median pre-money valuations stood at $4 million down from $5 million in 2013.
The total amount of angel investing has experienced solid growth in the past few years. According to the report, in 2012 just $40.5 million went into early stage firms. In 2014, angel groups channeled $90.5 million into startups, a slight increase over year prior. The leading angel group continued to be Northern Ontario Angels.
Angel groups play a vital role in supporting a startup ecosystem. It will be interesting to observe how these diverse networks integrate with the budding equity crowdfunding world. Global platform OurCrowd just announced the opening of an office in Toronto and SeedUps Canada has been leading the charge for years now.
The report is embedded below.
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