Organizations like Canada’s Capital Angel Network (CAN) play an important part in the country’s effort to provide small firms with access to capital. CAN is committed to realizing the region’s full entrepreneurial potential as the biggest network of angel investors in the Ottawa-Gatineau area and one of the top five most active angel organizations in the nation. Since its founding in 2009, CAN has had a profound effect on its aim to increase the number of investment possibilities available to qualified investors.
Nurturing Startup Ecosystem
CAN collaborates with local incubators and accelerators to actively participate in the Ottawa and regional startup ecosystem. Having this connection in place helps CAN to anticipate new developments and network with innovative business owners. More than that, CAN organizes a big party called Mashup every year, where all the coolest new businesses in the area can be shown off. Investors and business owners may network and discuss possible partnerships at this event.
Fueling Growth in Diverse Verticals
CAN focuses on investing in startups that have already received funding from government grants or family and friends. While not mandatory, it is preferable for the product to be in the market with a growing customer base. CAN’s investment sweet spot lies between $500,000 and $2 million, supporting companies at a critical stage of growth.
The organization’s investment portfolio reflects the diverse backgrounds and expertise of its 40+ members. CAN has invested in various sectors, including green technology, B2B/Enterprise SaaS, deep tech, artificial intelligence, cybersecurity, health and medical technology, and agriculture technology. This diversity showcases CAN’s commitment to supporting innovation across a wide range of industries, nurturing a thriving entrepreneurial ecosystem in the region.
Since its establishment, CAN has invested $66 million in 160 early-stage enterprises, 85% of which are in the National Capital Region. Grants, syndication with other angel groups, and startup capital firms have raised nearly $500 million from this initial financing. CAN fosters startup investment diversity with 25% female members.
CAN continues to drive Ottawa-Gatineau innovation and entrepreneurship via its targeted strategy, collaborative engagement with the startup ecosystem, and varied investment portfolio. To know more, visit https://www.capitalangels.ca/.
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