Breaking down Capital Angel Network's 2017 investments
Summary
In its most active year yet, the Capital Angel Network invested $3.3 million in 20 companies, giving many up-and-coming local startups their first taste of funding. The organization, which brings together local angel investors to hear pitches from early stage startups, covered a range of industries with its investments. “There’s still a bit of a hardware history here as much as the world is going to software and AI.” Mike Foster, an investor with the group, said in a statement that he’s bullish on Ottawa’s cybersecurity potential. Startups that pitch at the monthly angel meetings have a chance to walk away with almost instant funding, as members can allocate their individual “shares” worth $2,500. Chair Jennifer Francis said in a statement that 2018 will be an even better year for Capital Angel Network, with a strong pipeline of Ottawa companies coming through the organization’s door.
