Investments by Canadian angel groups on the upswing - report
A new report released by the National Angel Capital Organization (NACO) found that the deal-making of angel groups in Canada increased in 2012. Based on the activity of NACO members, angel groups invested a total of $40.5 million in 139 companies last year, up from $35.7 million invested in 71 companies in 2011. Angels invested over half of their dollars in IT sectors, with life sciences and clean-tech accounting for the balance. The report notes that 75 percent of angel groups were formed in the last five years, and that the majority of these groups have less 50 members.
10 September 2013•2 mins read
