Since being Founded in 2009, the Capital Angel Network (CAN) has invested more than $40 million into 150 startups. 90 percent of these firms are based in Canada's Capital.
CAN's early funding is leveraging hundreds of millions of dollars in additional investments through government contributions, syndication with other angel groups, and venture capital funds.
Membership includes 60+ angel investors, 20 percent of whom are women. In 2021, a record year, members made 29 new investments and eight follow-on investments, overall injecting close to seven million dollars into the ecosystem.
The CAN Process
CAN actively engages with the Ottawa startup ecosystem by integrating directly with local incubators and accelerators. We host an annual Mashup to showcase the best of what our community has to offer.
Companies from across Canada apply to pitch on a monthly basis. Once screened, they are presented to the membership for investment. Only high-quality investment opportunities with strong potential for returns are presented to our membership.
Our FocusStartups approaching CAN should already have received funding from government grants and/or family & friends. Although this is not mandatory, your product is ideally in the market with a growing customer base. Your startup is now prepared for an injection of capital that will accelerate your growth. Most companies that approach CAN are raising between $500K & $1M. CAN has invested in a diverse portfolio of companies ranging from a food waste recycler to a spectrum analyzer to a platform for bus rentals. However, given the background of CAN’s 60+ members our portfolio primarily consists of the following verticals:
Board of Directors and Team