News & Updates

Spark Angel Network Was Ranked First Overall in Young Groups by Number of Investments

Jul 4, 2018

The National Angel Capital Organization (NACO) has just recently released their annual report for 2017, and the Spark Angel Network is pleased to announce we are ranked first overall in Canada, in  Young Groups by Number of Investments  [compared to being ranked third in 2016]! The Spark Angels invested in 21 deals in 2017, totaling over $1.2 million.

(Mason & Hunter, 2018)

We are so excited and humbled by this news. Our members have volunteered countless hours of their time watching pitches and meeting with companies in  Due Diligence  sessions. Thank you to all of our members and partners for helping us reach these numbers!

Every day we are becoming closer to reaching our goal of helping transition Durham’s economy from metal-bashing to knowledge-based and fulfill a 20/20/20 objective – 20 companies, with 20 employees by the end of 2020.

NACO is the champion of Angel investors, incubators, and accelerators in Canada. By providing education, research, and networking events to this unique and important asset class, NACO ensures investors are familiar with industry best practices while entrepreneurs have access to critical early-stage funding.

This was NACO’s eighth annual Report on Angel Investment Activity in Canada. It is based on responses from 43 active groups, with 28 of these groups also participating in the 2016 survey. The remaining 15 groups completed the survey for the first time.

Angel groups made 505 investments in 2017, investing a total of $162.6 million. This represents a reasonable increase in investment activity in 2016 (20.8% increase in the number of investments and 3.4% increase in the amount invested) and a continuation of the year-on-year increase since 2013.

We couldn’t have made it to where we are today without the help from our members, board of directors, sponsors, partners, and volunteers– so for that, we thank you!

Bring on the next five years!

Spark has brought together an elite group of experienced business people from all areas of business with the skills and the inclination to support a place for innovation and ideas.

Robert Killin
CEO, SmartDesk

A colleague invited me to a meeting and then I attended a couple of more meetings to get an idea of how the meetings ran and what the organization was all about. It peeked my interest and I liked the fact that there was this forum that was willing to help out new and up and coming entrepreneurs from both a financial and an experience aspect.

Clyde Catton
Tax Partner, BDO Canada

Spark Angels uniquely provides companies across the Durham Region with private equity funding or mentoring, to help scale their business. Executive Director, Malcolm MacTaggart, has a special vision ‘to change Durham’s economy from metal bashing to knowledge-based’. The Spark Angel Network is doing a great job at helping to create jobs in the Durham Region, and building Durham’s economy.

MP Mark Holland
City of Ajax

The Spark Angel network gives students the opportunity to experience first-hand the world of Angel Investing. Executive Director, Malcolm MacTaggart is passionate about giving students in the Durham Region the opportunity to gain workplace-based learning, which we value here at Trent University Durham GTA.

Hailey Wright
Manager, Community Relations and Articulation, Trent University Durham GTA

We found the entire process professional, well-organized and efficient and we received not only investment, but valuable business advice from our Angel.

Raymond Luk
Founder and CEO of Inc.

The Spark Angels group has made a difference in our community in many ways. They have brought together a local like-minded business people who care about the community, business, and the growth of the economy. This has, in turn, created friendships. And opportunities for fellow entrepreneurs.

Stephen Barry
Fairall Properties Ltd.

Our Strategic Partners

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