Angels invest $157.2 mln in Canada in 2016, up 15 pct: NACO

Angel organizations deployed more than $157.2 million across Canada in 2016, up 15 percent year over year, according to a survey published by the National Angel Capital Organization (NACO). The survey of 35 angel groups representing some 3,300 active angel investors, found disbursements went to 418 investments last year, up almost 50 percent compared to 2015. Angels were primarily active in information technology sectors, which accounted for 45 percent of total deals in 2016 and 26 percent of total dollars invested. However, the survey found angels put most of their money in life sciences sectors, which accounted for 15 percent of deals and 45 percent of dollars.

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