If you’re an angel-backed company looking for a second round of finance, the Network of Angel Organizations – Ontario wants to hear from you.
The NAO administers the Angel Network Program, which was created by the Government of Ontario in 2007 to address the investment gap faced by early-stage technology companies in the province. Now it’s moving on to a new phase, organizing an annual event where follow-on investment opportunities will be brought forward by Angel companies, as well as members of the Ontario Network of Excellence.
The first full-day Follow-On Investment Forum will take place on June 18 in Toronto, with a new focus on education.
According to the organization, attendees will see early-stage companies on the cusp of global growth make their pitch for funding, as well learn about current trends and issues and network with their peers. At least 100 attendees are expected, primarily angel investors, early-stage private equity and venture capital firms, angel-backed Ontario-based companies and community and government stakeholders.
“The growing ranks of organized angel investors have significantly helped early-stage companies fill their initial round of financing. With this follow-on investment forum, we aim to emphasize that extending Angel investment in next rounds helps strengthen our nations’ ability to retain and grow companies in Canada,” said Jeffrey Steiner, president and executive director of NAO-Ontario, in a statement.
The group has also issued a call for companies interested in presenting at the event, with an application deadline of May 22. The company must have received at least $250,000 from previous angel investors, one of whom must be prepared to introduce the, at the event.