Press Release: Global Business Angels Day brings communities across Canada together

Open Angel Canada disrupts Vancouver’s investing community

VANCOUVER - November 20, 2014

Meet Open Angel Canada, an innovative Vancouver Angel group dedicated to connecting Angels with startup Founders.

Angel investing is a relatively new phenomenon in Canada, and is significantly impacting Canada’s startup community. NACO, Canada’s leading industry association of Angels, knows this to be true. With more than 2,000 members across the country and 30 Angel groups, they are building a strong and vibrant Angel community in Canada.

As part of Global Entrepreneurship Week, an event recognized by 125 countries with over 7 million participants, NACO members will become key participants in Thursday’s Global Business Angels Day (GBAD). Allowing Angels to develop their regional entrepreneurial ecosystems, GBAD will globally highlight the role that Angels play in helping new firms start and scale through local events, competitions, programs, research, and networks.

Open Angel Canada, a Vancouver-based Angel network and NACO member, is one of the Canadian organizations embracing GBAD and the Angel community this Thursday. Founded by Ed Levinson, Steven Forth, and Boris Mann, OAC was created to connect high-impact founders with active funders through modern, informative, and regionally focused Angel events. Thursday’s event is part of an attempt to build a better, more cohesive Angel community in Vancouver.

“Rather than creating something that was purely regional, we recognized the importance of leaning on great online tools like Angel List, as well as connecting in person. Open Angel Canada offers a brand and platform as a way for local digital innovation focused investors to connect in their region - a place in the market that is underserved by the traditional investor,” says Mann.

“We work with companies to help them become investment ready, improve deal speed, and raising the bar on both sides of the pitch. We’ve found that the companies that are prepared and using technology innovation to change the market have the potential to rewrite industries and generate enormous shareholder wealth.”

Quick Facts:

  • Last year alone, $89 million was invested in 199 deals by 29 Canadian Angel groups. The data was captured in NACO’s 2013 Report on Angel Investing Activity in Canada.
  • The most active Angel groups, by number of investments, all made between 11 and 25 investments.
  • FedDev Ontario Minister of State, Gary Goodyear announced earlier today an investment of up to $3.85 million to the Angel investor community in Southern Ontario.

About the National Angel Capital Organization - Toronto, ON:

The National Angel Capital Organization accelerates a thriving, early-stage investing ecosystem in Canada by connecting individuals, groups, and other partners that support Angel-stage investing. NACO provides intelligence, tools and resources for its members; facilitates key connections and networks across borders and industries; and promotes a strong Canadian Angel investment asset class. For more information, please visit www.nacocanada.com or follow them on Twitter at @AngelCapCanada.

About Open Angel Canada - Vancouver, BC:

Open Angel Canada is dedicated to providing entrepreneurs with free and open access to active Angel investors. It is a members-only organization of accredited investors seeking investment opportunities with early-stage businesses. For more information, please visit www.openangel.ca or follow them on Twitter at @OpenAngelCanada.

About Global Entrepreneurship Week:

During one week each November, thousands of events and competitions around the world inspire millions to engage in entrepreneurial activity while connecting them to potential collaborators, mentors and even investors. In six years, Global Entrepreneurship Week has expanded to 150 countries—building and strengthening entrepreneurial ecosystems around the world. Powered by the Ewing Marion Kauffman Foundation and sponsored by Dell, the initiative is supported by dozens of world leaders and a network of roughly 10,000 partner organizations. For more information, visit www.gew.co or follow them on Twitter at @unleashingideas.

For More Information:

NACO - Yuri Navarro, Executive Director of the National Angel Capital Organization 416-575-9689 media@nacocanada.com.

Open Angel Canada - Boris Mann, Co-founder of the Open Angel Canada and Managing Partner at Full Stack boris@fullstack.ca.