A group of angel investors in the Ottawa area is one of Canada’s top five angel groups in 2012, according to a new report by the National Angel Capital Organization.
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The 2012 Report on Angel Investing Activity in Canada ranked the Capital Angel Network first when it comes to the number of investments made that year, placing it in a three-way tie with two other angel groups.
The Ottawa investors ranked fourth, by dollar value of investments, when compared to 20 other angel groups across Canada.
Angel investors are high net-worth individuals who invest their own funds in unrelated businesses. While many angels invest individually, some are increasingly looking to pool their resources and knowledge by joining groups.
Respondents to the NACO survey, around two-thirds of identified angel groups in Canada, made 139 investments totaling $40.5 million in 2012.