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The National Angel Capital Organization (NACO) has released its annual report on angel activity in Canada for 2016.

The report, which is based on a survey of 35 angel groups across Canada that represent 3,300 active angels, was developed in partnership with the Government of Canada, BDC Capital, RBC, Ryerson Incubate, and Innovate Network Canada. The report highlights key trends and statistics of Canada’s angel market, and finds that more angel groups are participating in larger syndicated deals and follow-on investments in Canada.