Archangel closes first fund with new model that seeks to fill Canadian startup investment gap

Front left to right: Todd Bissett, Benton Leong, Amber French, Jacky Chen and Ehsan Mirdamadi; Back left to right: Danielle Graham, Randall Howard, and Peyvand Melati. Amy Bissett

A year after launching a network of funds meant to fill a gap in Canada’s early-stage venture capital landscape, a group of investors from the Toronto-Waterloo corridor have closed their first $10-million funding round. 

The Archangel Network of Funds is spreading the raise across three individual funds, which will identify early-stage and pre-revenue opportunities in which to co-invest under the Archangel umbrella.

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