.jpg)
2 hours ago
1
Article content
TORONTO, Oct. 30, 2025 (GLOBE NEWSWIRE) — The National Angel Capital Organization (NACO) today released its 2025 Annual Report on Angel Investing in Canada, revealing that overall angel investment increased 27.2% to $146.2 million in 2024—a significant rebound that signals renewed confidence but underscores the need for stronger domestic capital infrastructure.
THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
SUBSCRIBE TO UNLOCK MORE ARTICLES
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
REGISTER / SIGN IN TO UNLOCK MORE ARTICLES
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account.
- Share your thoughts and join the conversation in the comments.
- Enjoy additional articles per month.
- Get email updates from your favourite authors.
THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account
- Share your thoughts and join the conversation in the comments
- Enjoy additional articles per month
- Get email updates from your favourite authors
Sign In or Create an Account
or
Article content
Article content
Article content
Article content
NACO Members, Partners and Champions at NACO Reception
Article content
By signing up you consent to receive the above newsletter from Postmedia Network Inc.
Article content
Among angel organizations that reported in both 2023 and 2024, total investment rose 13.9% from $112.4 million to $128.0 million, with the number of investments increasing 7.3%. The larger overall growth reflects both increased activity among existing angels and expanded participation across Canada’s angel ecosystem.
Article content
This 160+ page report, authored by Colin Mason, Emeritus Professor of Entrepreneurship at the University of Glasgow, provides rigorous analysis of angel investment trends with policy recommendations based on international best practices.
Article content
Comparable data reveals a notable shift in investment patterns. Median investment size grew by 50 per cent, while mean investment size rose by 14 per cent, indicating that investors are backing promising founders with meaningfully larger cheques—a sign that angels are willing to take larger bets on ventures they believe can scale.
Article content
Yet the data also highlight that Canada’s innovation economy remains fragile. The rebound in angel activity is encouraging, but early-stage capital continues to contract while founders increasingly turn to foreign investors—and without a coordinated national capital strategy, many of Canada’s most promising ventures could struggle to scale domestically.
Article content
Article content
“Behind every data point in this report is a founder working tirelessly to build something extraordinary — often against the odds,” said Claudio Rojas, CEO of National Angel Capital Organization. “Their determination is the foundation of Canada’s innovation economy. Our collective responsibility is to match that ambition with the risk capital needed to turn it into lasting national advantage.”
Article content
Moonshots Top 20 Ventures™: Meet Canada’s Next Generation of Builders
Article content
Featured throughout this year’s report are NACO’s Top 20 Moonshot Ventures™ of 2025, exceptional Canadian founders who are redefining what’s possible across frontier sectors—from artificial intelligence and cleantech to defence, dual-use technologies, and digital health.
Article content
Together, these high-growth ventures have raised more than $190 million, demonstrating the depth of entrepreneurial talent emerging from every region of the country. The Moonshot founders embody Canada’s capacity for world-class innovation and signal what can be achieved when ambition and ingenuity are matched by networks of mentorship and early-stage support.
English (US)