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Archangel Network of Funds is a Canadian venture capital network founded in April 2020. The organization was established to address the funding gap in the Canadian startup ecosystem, particularly in the transition from angel investing to institutional venture capital. The network comprises experienced entrepreneurs, business leaders, and seasoned investors who leverage their expertise to guide portfolio companies towards successful exits.
Currently, Archangel manages a fund size of CAD $10 million and has invested in 41 companies across various sectors. The team is dedicated to fostering innovation and supporting early-stage companies, particularly those developing advanced technologies. Archangel operates from its office located at 137 Glasgow St. Unit 210, Kitchener, ON, N2G 4X8, and is a member of the Canadian Venture Capital & Private Equity Association (CVCA).
Since its inception, Archangel has focused on building connections between portfolio companies and angel-stage investors, creating a collaborative environment that promotes shared insights and mutual success. The network's notable milestone includes the acquisition of portfolio company DarwinAI by Apple in March 2024, showcasing the potential of its investments.
Archangel Network of Funds primarily invests in early-stage Canadian companies, particularly those developing advanced technologies in sectors such as artificial intelligence (AI), healthcare, and smart manufacturing. The organization targets investments at the pre-seed, seed, and seed-plus stages, with check sizes ranging from CAD $100,000 to CAD $300,000. This structured approach allows Archangel to provide larger checks and more consistent deal flow compared to traditional angel investing.
The investment strategy emphasizes building connections between portfolio companies and angel-stage investors, facilitating an ecosystem of shared insights and mutual success. Archangel seeks to bridge the gap between angel investing and institutional venture capital in Canada, focusing on tech companies with innovative solutions. The organization aims to provide accessible diversification for investors looking to build a portfolio of high-quality companies.
Archangel Network of Funds has a diverse portfolio of 41 companies, showcasing its commitment to supporting early-stage innovation. Notable portfolio companies include:
Additionally, the network has seen notable exits, including the acquisition of DarwinAI by Apple in March 2024, highlighting the potential of its investments in the tech sector.
Stephanie Aivaliotis: Marketing Administrator with experience in managing communications and outreach for the network.
Peter Barr: Independent Board Director, providing governance and strategic oversight.
Todd Bissett: Legal Advisor, offering legal guidance and support for portfolio companies.
Jacky Chen: General Partner with a background in venture capital and technology investments.
Ellen Fang: General Partner, specializing in early-stage tech investments and portfolio management.
Amber French: Principal, focusing on deal sourcing and portfolio development.
Danielle Graham: General Partner and Investment Committee Lead, overseeing investment decisions and strategy.
Randall Howard: General Partner with extensive experience in leading tech investments and managing funds.
Thealzel Lee: General Partner, contributing expertise in technology and startup growth.
To pitch Archangel Network of Funds, founders should use the preferred channel of email, sending their pitch deck to admin@archangelnetwork.ca. The pitch deck should include essential elements such as the business model, market analysis, team background, and financial projections. Archangel values clarity and conciseness in presentations.
Response times can vary, but founders should expect to hear back within a few weeks. Warm introductions are beneficial, as they can enhance the likelihood of a favorable review. Archangel encourages startups to showcase their innovative solutions and how they align with the network's investment focus.
In March 2024, Archangel Network of Funds celebrated a significant milestone with the acquisition of portfolio company DarwinAI by Apple, marking a notable exit for the network. This acquisition highlights the potential of Archangel's investments in the tech sector.
Additionally, Archangel published a blog post titled "Archangel Turns Five: Reflecting on 2025 and the Road Ahead," indicating ongoing engagement with their community and stakeholders. This reflects the organization's commitment to transparency and sharing its journey with investors and portfolio companies.
What are Archangel's investment criteria?
Archangel Network of Funds invests in early-stage Canadian companies, particularly those in the AI, healthcare, and smart manufacturing sectors. The organization focuses on pre-seed, seed, and seed-plus stages, with check sizes ranging from CAD $100,000 to CAD $300,000.
How can startups apply or pitch to Archangel?
Startups can pitch to Archangel Network by visiting their website at archangelnetwork.ca or by emailing their pitch deck to admin@archangelnetwork.ca. It is recommended to include a clear business model, market analysis, and team background in the pitch.
What makes Archangel different from other venture capital firms?
Archangel Network of Funds bridges the gap between angel investing and institutional venture capital, providing larger checks and more consistent deal flow. The organization emphasizes building connections between portfolio companies and angel-stage investors, fostering a collaborative environment for shared insights.
What is Archangel's geographic focus?
Archangel primarily invests in Canadian tech startups, with a focus on the Toronto-Waterloo corridor. This geographic concentration allows the network to leverage local expertise and resources effectively.
What is Archangel's post-investment involvement like?
Archangel Network adds value to its portfolio companies by providing access to a network of experienced investors and industry experts. The organization facilitates connections with angel-stage investors and offers strategic guidance to help companies navigate early-stage growth challenges.
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