Capital Angels Network

What Capital Angels Network does

Capital Angels Network (CAN) is a private, membership-based angel investment group founded in 2010 in Ottawa, Ontario, and operated as the largest network of early-stage investors in the Ottawa-Gatineau-Kanata region, with reach extending across Ontario's Innovation Corridor from Montreal to Waterloo. The organization connects accredited individual angels, super angels, family offices, VC firms, and corporate members with pre-seed and seed-stage technology and tech-enabled startups, applying a structured screening process (40–110+ monthly applications, Selection Committee reviews of 50+ pitches per year) and shared due diligence through its monthly Member Investment Meetings, the annual Capital MASHUP festival, and the CANLABS masterclass series. CAN has backed 180 portfolio companies across software, hardware, clean tech, agtech, biotech, and SaaS, with members cumulatively deploying $77M since 2010, including $41M since 2021 — a 2X acceleration versus the prior five-year period. Average investment size is approximately $200K per deal, ranging from $50K to $2M for later-stage portfolio companies.

The business model is a subscription-style recurring revenue model built on annual membership fees: $1,500 CAD for individual accredited angel investors, $2,800 CAD for VC firms and family offices, and custom corporate memberships, supplemented by event sponsorship (e.g., MASHUP26) and ecosystem programming. CAN's core technology is the third-party Dealum platform used for company applications and digital dealroom management; the organization does not develop proprietary technology products. The group's go-to-market is community-led and event-driven, anchored by flagship programming (Capital MASHUP, CANLABS) and ecosystem partnerships with Invest Ottawa (including the co-developed SheBoot program for women founders), TiECon Canada/TiE Ottawa, Wesley Clover, L-Spark, NACO, and corporate supporters including Dentons and CIBC. Governance is led by Executive Director Suzanne Grant and Chair Jennifer Francis.

Name

Capital Angels Network

Legal name

Capital Angel Network

Website

https://capitalangels.ca

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

51–100 employees

Short description

Capital Angels Network is a private, membership-based angel investment group founded in 2010 in Ottawa that connects accredited investors with pre-seed and seed-stage technology startups across Canada's Innovation Corridor, screening 40–110+ monthly applications and having backed 180 companies with $77M in cumulative member capital.

Ownership category

akta.pro rank

Product category

Angel Investing Network

NAICS

Portfolio Management and Investment Advice (523940), Other Investment Pools and Funds (5259)

SIC

Investment Advice (6282)

akta.pro primary industry

Micro-VC & Angel Funds (FSANAAAI)

akta.pro secondary industry

Accelerators & Incubators (Investor-Operated) (FSANAAAM)

Keywords

• Angel investment network
• Early stage investing
• Seed stage funding
• Startup investor community
• Venture capital membership

Headquarters

HQ city

Kanata

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Membership Fees: Individual accredited investors pay annual membership fees to join Capital Angels Network, gaining access to screened dealflow, shared due diligence resources, educational programs, and the investor community. Venture Capital firms and Family Offices pay a higher annual fee. Corporate memberships are also available.

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels10 records

Core offering

Capital Angels Network operates a membership-based angel investment network that connects accredited investors, family offices, VC firms, and corporate members with rigorously screened pre-seed and seed-stage technology startups in the Ottawa-Gatineau-Kanata region and across Ontario's innovation corridor. The network provides members with shared due diligence, a Dealum-powered digital dealroom, monthly investment meetings, and educational programming (EdCom, CANLABS), while founders receive capital ($50K–$2M per deal, averaging $200K), mentorship, and introductions to the broader Canadian investor ecosystem.

Product overview

Capital Angels Network is a platform-plus-program architecture offering angel investment network services. The core offering is the CAN Investment Network, which facilitates investment in early-stage Canadian startups through a structured screening and selection process managed via the Dealum platform. The network is complemented by programming including MASHUP Pitchfest (annual pitch competition and networking festival) and CANLABS Masterclass (investment readiness training). The SheBoot program, co-founded with Invest Ottawa, specifically supports women founders. CAN has backed 180+ portfolio companies across software, hardware, cleantech, agtech, biotech, and SaaS sectors.

Differentiator

Problem solved

Functional benefit

Products and services

• CAN Investment Network Membership Core membership offering that gives accredited individual investors, VC firms, family offices, and corporate members access to screened multi-vertical dealflow, shared due diligence, monthly investment meetings, the digital dealroom, and the EdCom investor learning program.
• Dealum Digital Dealroom Access

Quantifiable outcome

• 2X increase in investment — $41M invested in the past five years vs. prior five-year period
• +5 more outcomes

Named customers10 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Eleven partnerships are on record, tiered supporting and core.

• TiE Ottawa / TiECon CanadasupportingGTM or Marketing Partner · 1 January 2022CAN partnered with TiE Ottawa to launch 'Investor Connect' at #TiEConCanada2022, TiE Ottawa's premier entrepreneurship conference. The program brought together experienced investors and early-stage founders. This partnership extends CAN's reach into the broader Canadian entrepreneurship community.
• Invest OttawacoreStrategic or Co-development Partner · 1 January 2021Invest Ottawa is CAN's primary ecosystem partner for founder programming. Together they co-developed SheBoot, the investment-readiness bootcamp for women founders, which has received NRC IRAP advisory services and up to $342,000 in funding. SheBoot graduates have secured more than $12.5M in investment. CAN and Invest Ottawa also partner on events, referrals, and the broader Ottawa startup ecosystem. SheBoot originated as a joint initiative and has since become a standalone entity.
• SheBootcoreStrategic or Co-development PartnerSheBoot is an investment-readiness bootcamp for women founders co-founded by CAN and Invest Ottawa. It prepares women entrepreneurs to pitch and secure funding. CAN provides angel investors and mentorship; Invest Ottawa provides operational support. The program has gone national with NRC IRAP support and has graduated multiple cohorts whose companies have collectively raised over $12.5M.
• DealumcoreTechnology or IntegrationDealum is the digital platform used by CAN for company applications, dealroom management, and member communications. Founders apply through Dealum, members access data rooms and company materials via the platform, and the investment process is managed digitally through the platform.
• L-SparksupportingOthersL-Spark is a SaaS accelerator in Ottawa. CAN's headquarters is co-located at L-Spark's office at 350 Legget Drive, Kanata. The organizations work together in the Ottawa startup ecosystem, with L-Spark founders potentially introduced to CAN for angel investment.
• Ontario's Top Accelerators (Innovation Corridor)supportingChannel Partner/ Reseller/ DistributorCAN receives dealflow from Canada's top accelerators across the innovation corridor (Montreal through Waterloo). These accelerators refer investment-ready companies to CAN for consideration. Dealflow is also sourced from CAN competitions, awards programs, and sister angel groups across Ontario.
• TCC CanadasupportingOthersTCC Canada (The Canadian Collaboration) is a venue partner for CAN events including Capital MASHUP26. Located at 150 Elgin Street, Ottawa, TCC Canada provides the event space for CAN's flagship annual festival.
• National Angel Capital Organization (NACO)supportingGTM or Marketing PartnerCAN collaborates with NACO on initiatives such as International Women's Month features celebrating women founders and angel investors. NACO is Canada's umbrella organization for angel investors and provides national visibility for CAN's programs and impact.
• Wesley CloversupportingGTM or Marketing PartnerWesley Clover partners with CAN on the TechTuesday Women's Pitchfest event, combining their platform with CAN's network of women founders and investors for a co-branded pitch competition celebrating women entrepreneurs.
• L-SPARKsupportingGTM or Marketing PartnerL-SPARK partners with CAN on the TechTuesday Women's Pitchfest, bringing their SaaS accelerator network and resources to the joint event focused on women-founded startups.
• SEO+supportingOthersSEO+ is listed among CAN's corporate members/supporters. The nature of the relationship appears to be a corporate membership providing mutual benefit and support to the CAN ecosystem.

Scale indicators12 records

Recent moves4 records

Expansion highlights7 records

Others

• National Angel Capital Organization (NACO): Canadian umbrella organization representing the angel capital community. CAN is a member network; NACO provides national-level advocacy, research, and programming that supports CAN's activities.

Broad incumbents

• Keiretsu Forum: International angel investment platform with multiple chapters including in Canada. Larger and more established than CAN with global dealflow; offers similar member-based early-stage investing with broader geographic reach.

Regional players

• Southwestern Ontario Angel Group: Angel network serving southwestern Ontario with a similar member-driven model. Comparable investment thesis but different regional focus, occasionally co-investing with other Ontario angel groups including CAN.
• Vancouver Angel Network: Western Canadian angel network with a comparable member-based early-stage investing model. Operates in a different geography (British Columbia) but pursues similar multi-sector pre-seed and seed investments.

Emerging players

• Front Row Ventures: Canadian student-run VC fund investing in Canadian university-affiliated founders at pre-seed. Adjacent rather than directly competitive with CAN, but draws from a similar founder pool in some markets.
• Relentless Venture Fund: Canadian early-stage VC participating in rounds alongside angel groups like CAN. Represents the institutional capital crowding into seed-stage that CAN members must increasingly compete against for allocation.

Direct peers

• Maple Leaf Angels: Toronto-based angel network investing in Canadian early-stage companies, typically at seed and Series A. Comparable in mandate (multi-sector Canadian startups) and member-based screening process, but operates in a larger market.
• Golden Triangle Angel Network (GTAN): Ontario angel network focused on seed and early-stage technology companies across southern Ontario. Similar member-driven angel investment model and shared dealflow ecosystem with other Ontario-based angel groups including CAN.
• York Angels: York Region-based angel group investing in Ontario early-stage startups. Similar membership model with shared dealflow and educational programming, competing for Ontario-based founders and investors.
• Angel One Investor Network: Ottawa-based angel investor network with a similar member-based model screening early-stage Canadian startups. Direct regional peer competing for the same founders and accredited investors in the National Capital Region.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/CapitalAngels
• LinkedInlinkedin.com/company/capital-angel-network
• Instagraminstagram.com/capitalangelnetwork

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments4 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Capital Angels Network