TORONTO, July 5, 2011 /CNW/ - 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 importance of Angel capital to the growth of Canada's high-potential companies.
Significant findings of this report include that:
- 90% of companies funded by Angel groups in 2010 were new not follow-on.
- Angel groups collectively received around 1,850 business plans. 14% were considered in detail. Roughly 32% received investment.
- 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 only and do not include individual Angel investments.
- Angels invested in a wide range of industries but with a strong technology focus including: ICT sector (43%), followed by life sciences (18%) and clean tech (16%).
- 74% of investee businesses had sales revenue in 2010.
To read the full, original article click on this link: NATIONAL ANGEL CAPITAL ORGANIZATION | First-Ever National Survey of Canadian Angel Groups' Investment Activity Released
