In 2013, nearly 30 angel groups made just under 200 investments totalling $89 million—more than double the amount invested by angel groups in 2012.
This is according to a report entitled Angel Investing Activity in Canada: Accelerating the Asset Class. Produced by the National Angel Capital Organization—with help from BDC Venture Capital, the government, and KPMG—the report delves deep into Canada’s angel investing scene and reveals that there are more than 2,100 angel investors across the country.
In 2011, just 71 investments combined for a value of less than $36 million. In 2012, 139 investments combined for just over $40 million, according to the report. It is worth noting that 2013’s massive dollar figure of $89 million was largely carried by follow-on investments, as new investments rose only modest over 2012 numbers.
In 2011, the average angel round size was $500,000. In 2012, that number actually dropped to just $300,000. However, last year that number skyrocketed to more than $900,000.