Angel Funded Startups in Canada
The 10 most recent angel rounds in Canada visible here span from March 2021 (RenovationFind, Edmonton) through May 2024 (Kanuk, Quebec), covering sectors f…
The 10 most recent angel rounds in Canada visible here span from March 2021 (RenovationFind, Edmonton) through May 2024 (Kanuk, Quebec), covering sectors from food and beverage to financial services and consumer electronics. Toronto accounts for five of the ten companies — Cultos, Apricotton, Just Boardrooms, OOt, and Kiri Innovation — making it the dominant hub for angel activity in this set. Quebec contributes two (Kanuk and Bobba), while Vancouver (Blossom Social) and Edmonton (RenovationFind) each appear once.
Of the five rounds with disclosed amounts, the largest is Bobba's $1M raise in April 2024, followed by RenovationFind's $800K in March 2021. The remaining disclosed rounds are considerably smaller: $300K for Blossom Social (Vancouver, December 2022), $100K for Kiri Innovation (Toronto, March 2022), and $50K for Apricotton (Toronto, March 2023). Five companies — Kanuk, Cultos, Leynek Medical, Just Boardrooms, and OOt — kept their round sizes undisclosed.
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Frequently asked
What are the largest disclosed angel rounds among these Canadian companies?
Bobba leads with a $1M raise in April 2024 out of Québec, followed by RenovationFind ($800K, Edmonton, March 2021) and Blossom Social ($300K, Vancouver, December 2022). The other two disclosed rounds — Kiri Innovation at $100K and Apricotton at $50K — are considerably smaller.
Which city has the most angel-funded startups in this data?
Toronto appears five times out of ten, representing Cultos, Apricotton, Just Boardrooms, OOt, and Kiri Innovation across financial services, clothing and apparel, real estate leasing, internet services, and consumer electronics. Quebec accounts for two companies (Kanuk, Bobba), with Vancouver and Edmonton contributing one each.
Which sectors appear most frequently in these Canadian angel rounds?
Financial services and internet services each appear twice — Cultos and Blossom Social in financial services; OOt and RenovationFind in internet services. The remaining six companies span commerce and shopping, food and beverage, health care, clothing and apparel, non-residential real estate leasing, and consumer electronics.
How many of these rounds have undisclosed amounts?
Five of the ten rounds — Kanuk, Cultos, Leynek Medical, Just Boardrooms, and OOt — do not include a disclosed dollar figure. Among the five with disclosed amounts, the range runs from $50K (Apricotton) to $1M (Bobba).
What time period do these Canadian angel rounds cover?
The rounds span from March 2021 (RenovationFind, Edmonton) to May 2024 (Kanuk, Quebec). Six of the ten closed between January 2022 and December 2023, with only Bobba's $1M round and Kanuk's undisclosed round dating to 2024.
Is there any health care activity in this segment?
Leynek Medical, based in Ottawa, Ontario, raised an undisclosed angel round in May 2023, the only health care company among these ten entries.
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