A Northern Ontario angel-investing group is earning top accolades for its work.
In a new report — the 2021 Angel Funders Report — the Angel Capital Association has named Northern Ontario Angels (NOA) the top angel-investing network in North America.
Data from the report was taken from 71 angel-investing organizations across the continent. NOA is standing member of the Angel Capital Association.
“We are very proud to be named the number one 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,” said Donna Smith, chair of NOA’s board of directors, in a June 22 news release.
“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.”
Since its 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.
Headquartered in Thunder Bay, NOA is a not-for-profit group overseen by a board of directors, with consultants covering the Far North, Kenora, North Bay, Parry Sound/Muskoka, Sault Ste. Marie, Sudbury, Thunder Bay, and Timmins.
The consultants also recruit accredited angel investors to NOA. There are no fees to apply to become a member of NOA.
