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Investment Activity by Canadian Angel Groups: 2010 Report
The National Angel Capital Organization (NACO) is pleased to announce the release of the Investment Activity by Canadian Angel Groups: 2010 Report. This report, the first of its kind, was completed in partnership with the Government of Canada and authored by Professor Colin Mason. It highlights the increasing importance of Angel capital to the growth of Canada’s high-potential companies.
Significant findings of this report include that:
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The vast majority (90%) of companies funded by Angel groups in 2010 were new as opposed to follow-on.
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Angel groups collectively received around 1,850 business plans from companies seeking finance. 14% of these were considered in detail. Of those, roughly 32% received investment.
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Angels groups invested CAN$35.3 million in the 88 deals for which we have information; an under-estimate as some groups did not report the amount invested. Co-investors were involved in 58% of investments and invested at least a further CAN$29.4 million. It should be noted that these statistics are for Angel groups that disclosed their investments only. They do not include the investments form individual Angel investors.
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Angels invested in a wide range of industries but with a strong technology focus. The biggest concentration was in the ICT sector (43%), followed by life sciences (18%) and clean tech (16%).
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Nearly three-quarters (74%) of investee businesses had sales revenue in 2010.
NACO would like to acknowledge Industry Canada and the Federal Economic Development Agency for Southern Ontario for their support of this research.
For further information: Media Contacts
Bryan J. Watson
Executive Director, NACO
T: 416-581-0009
E: bwatson@angelinvestor.ca
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