Briefing

Canadian angel investment hit 10-year high of $163.9 million in 2019

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The amount invested is a 14.8 per cent increase from 2018 and the highest level seen in 10 years of records maintained by the National Angel Capital Organization (NACO). (The Logic)

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Talking point: Angel investment is heavily concentrated in Quebec and Ontario, which received 86 per cent of all investments last year. Western Canadian firms attracted 13 per cent of investments, while Atlantic Canada brought in one per cent. Some angel investors are looking to change those numbers. In February, NACO announced a Calgary-based office tasked with expanding investments in Western Canada, as well as new educational programming in Atlantic Canada. However, the pandemic is likely to dampen new investments, according to a recent survey by NACO. The industry group wants the federal government to encourage investment by issuing tax incentives, reiterating a request it’s been making since well before the pandemic.