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Toronto-Based Angel Investor Group Paving Way Forward for Tech Startups

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The National Angel Capital Organization (NACO) recently published their 2014 Report on Angel investment activity in Canada. NACO represents over 2100 investors who are involved in assisting startups across the country, and their Reports are aimed at identifying key trends and statistics in the Canadian Angel capital market.

This year's NACO Report applauded a Toronto-based angel investor group focusing on tech startups, Igan Partners, and ranked it: 1st for "Top Canadian Angel Group by Dollar Amount Invested in 2014," and 3rd for "Top Young Canadian Angel Group by Number of Investments."

Igan Partners' slogan is: "Entrepreneurs Empowering Entrepreneurs," and it seems they are living up to this motto given their performance as recognized by NACO.

In a recent interview with the Financial Post, Igan founder Sam Ifergan noted that Canada's ecosystem for building tech companies is damaged, since most angels contribute too little money to get new startups through the commercialization or regulatory approval phase. This is where Igan is trying to step in to solve an existing problem. And with their group now completing a $50-million raise for a second fund, it seems they are having no trouble at all.

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