Wednesday June 22, 2022
Northern Ontario Angels (NOA) named & awarded:
Top Angel Organization in North America by Investment Dollars
#1 Angel Organization in Canada by Investment Dollars & Deals
Northern Ontario Angels announced that it was named one of the top Angel Organizations in North America by Investment Dollars. This announcement came from the 2021 Angel Funders Report conducted by the Angel Capital Association (ACA), of which NOA is a standing member. The data collected for the Angel Funders Report was from 71 angel groups across the United States and Canada.
The top 15 angel groups are; Northern Ontario Angels followed by in no particular order, Tech Coast Angels, 757 Angels, New York Angels, Anges Quebec, Golden Seeds, Florida Funders, Venture South, Launchpad Venture Group, North Coast Ventures, St. Louis Arch Angels, Houston Angel Network, Central Texas Angel Network, Maine Angels, Queen City Angels.
Since inception in 2009, Northern Ontario Angels has closed 465 deals worth a total of $663,781,700. Specifically, NOA Investors contributed $206,725,000, Entrepreneurs invested $139,973,000 plus $90,698,700 in Government and other funding, an additional $180,690,000 from conventional sources, and $45,445,000 from other Angel Groups. NOA entrepreneurs have created and maintained over 5,000 full time jobs across Northern Ontario.
The non-profit organization is made up of a volunteer Board of Directors from across Northern Ontario, chaired by Donna Smith in Thunder Bay. The operations of NOA are led by NOA Executive Director Ian Lane who is supported by part-time consultants covering Sudbury, Sault Ste. Marie, North Bay, Timmins, Parry Sound/Muskoka, Thunder Bay, Kenora and the Far North. The consultants also recruit accredited angel investors to NOA. There are no fees to apply to become a member of NOA.
“We are very proud to be named the #1 Angel Organization in Canada over the past 10 years and continue to be one of the top in North America. This accreditation has put NOA on the map of connecting our Northern Ontario entrepreneurs and businesses to the world! Our continued success can be attributed to our unique organization model, which is led by our NOA Executive Director Ian Lane, our team of consultants, staff and Board of Directors who work diligently every day! Together we are a global success! We also thank our funding agencies FedNor, NOHFC, and our Partners across the region for their continued support. Thank you to our angel investors – your commitment to our organization shares this achievement!” Donna Smith, Chair, NOA Board of Directors. To see a full list of our Partners, please go to https://northernontarioangels.ca/#!/partners.
Ian Lane, Executive Director