The secret sauce behind Ontario’s high-growth startups

The latest updated from the Network of Angel Organizations of Ontario tells us angel investment surpassed $91 million in 169 early stage companies in the province.

national angel organization ontario nao

Since 2007, members of the network have invested and leveraged $255 million of private direct investment into 169 Ontario companies, creating and sustaining more than 2,200 jobs. This $255 million is composed of $91.6 million in direct member investment (includes $61.5 million from ANP-supported group members), and $163.3M in co-investment and follow-on investment by other investors.

“Entrepreneurs still need the private sector for the capital and expertise needed to commercialize. By supporting the network, the government provides entrepreneurs an opportunity to attract growth capital from private investors province-wide, “ said Jeffrey Steiner Executive Director of NAO-Ontario.

“Alternatively, supporting groups that allow the private sector to collectively select and invest in early-stage companies helps ensure that high-value opportunities move forward. Angel-backed companies illustrate small business job creation at its finest and catalyze significant economic development throughout Ontario,” NAO-O board Chair, Dr. Patricia Lorenz added.

A. Traviss Corry
A. Traviss Corry
A. Traviss Corry is an entrepreneur and technologist with a focus on financial technologies. Since the beginning of internet commerce, Traviss has been helping tech startups launch globally, first as a coder and software engineer, and later, after completing a Swiss MBA with his thesis topic being Digital Currencies, as an investor and partner in a venture capital firm, and finally as a founder of two tech startup accelerators; the later being focused on the bitcoin and cryptocurrency financial technology space. Traviss’ acceleration program was listed by government studies as one of Canada’s top 6 such programs in 2013, which led to Traviss’ nomination by the Toronto Board of Trade for the Business Excellence Award, as one of the region’s top 30 most influential entrepreneurs. Traviss spends his time launching successful companies from Toronto’s Bitcoin Decentral, helping spur the new economy globally.

Would you recommend this article?


Thanks for taking the time to let us know what you think of this article!
We'd love to hear your opinion about this or any other story you read in our publication.

Jim Love, Chief Content Officer, IT World Canada

Featured Download

Latest Blogs

ITB in your inbox

Our experienced team of journalists and bloggers bring you engaging in-depth interviews, videos and content targeted to IT professionals and line-of-business executives.