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Early-Stage Funding Is Back in Canada — With a Catch
Plus: Are Layoffs Ever The Right Answer?
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Early-Stage Funding Is Back in Canada — With a Catch
Are Layoffs Ever The Right Answer?
Notable Spotlight: Hockey Hall of Fame Induction Weekend
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Early-Stage Funding Is Back in Canada — With a Catch
Canada’s angel investment scene is bouncing back. Early-stage funding jumped 27% in 2024, reaching about $146 million across 500 investments, according to the National Angel Capital Organization (NACO). The average funding per company also rose, signaling growing confidence among investors. But despite the rebound, the industry says Canada still needs stronger federal support to keep the momentum going—through matching funds, tax credits, and operational grants for angel networks.
Key Takeaways:
Strong Rebound: Angel investment in Canada hit $146.2 million in 2024, up 27% from the year before.
Bigger Cheques: The median investment climbed from $84,000 to $111,000, showing investors are writing larger, more confident cheques.
Undercounted Growth: The reported data only includes 38 networks, meaning real totals are likely even higher.
Call for Support: NACO is urging Ottawa to introduce new programs—like a $450 million matching fund and a 30% refundable tax credit—to strengthen the ecosystem.
Critical Timing: With venture capital still slow, angel investors are becoming a key lifeline for early-stage startups in Canada.
Why It Matters:
For Canadian founders, this resurgence is good news. Angel investors are stepping up where venture capital has pulled back, helping new ideas get off the ground. But long-term growth depends on policy support. If Canada wants to stay competitive in the global innovation race, it needs to empower early-stage investors who take the biggest risks and fuel the next generation of startups.
🌐 AROUND THE INTERWEBS
As the economy dips, most larger firms are considering rounds of layoffs…but is this really the right approach or is it failure to plan better as businesses?
🔦 NOTABLE SPOTLIGHT 🔦
Hockey Hall of Fame Induction Weekend
The Hockey Hall of Fame is set to welcome hockey’s newest legends, Class of 2025 Inductees!
🔌 NOTABLE PLUG
🎙️ Get Into It: The Worst Idea of All Time. Two comedians watch the same terrible movie every week for a year—and riff on it. Completely absurd, deeply hilarious, and strangely addictive. Listen on Apple Podcasts and Spotify.
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🌍 Notable Destinations: Toronto to Vancouver ($186 1247 ) Dates: Jan 17-26, 2025. Click here to see the link for this flight.
🧠 Today We Learned: Music can change your heart rate. Fast beats speed it up; calm rhythms slow it down.
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Disclosure: While we utilize artificial intelligence (AI) to assist with certain aspects of content development, all information provided in our content is thoroughly vetted and edited by our team of humans. We strive to ensure the accuracy and reliability of all information. However, we recommend that readers conduct research or seek professional advice to make informed decisions. This email may contain sponsored content.