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National Angel Capital Organization → NACO members have invested $1.66 billion into more than 2,000 Canadian companies. Incorporated in 2002, NACO is Canada’s professional association for 4,000 angel investors and the national umbrella for 100+ organizations including angel groups, incubators and accelerators, and early-stage venture funds. 

Angel investors are individuals and pre-institutional funds that put their capital at risk in the early-stage ecosystem. This includes individual Limited Partners (LPs) that invest passively or semi-actively in venture capital funds; family offices and funds that invest in pre-seed and seed stage companies, and individuals that invest directly into early-stage companies on their own or with the support of an angel collective.

Angel-backed companies that went on to achieve successful outcomes include Slack and Thinkific in BC; Verafin in Newfoundland and Labrador; WealthSimple and ApplyBoard in Ontario; Paper in Quebec; and Jobber and Neo Financial in Alberta. Angel investment fuels the pipeline of companies that grow to raise venture capital and scale into the global success stories of the future.