As we enter 2025, the Archangel Network of Funds is energized and focused on building upon the successes of the past year while setting ambitious goals for the future. Here’s a look at our mission, highlights from 2024, and aspirations for the year ahead.
Our Mission
The Archangel Network of Funds is dedicated to empowering innovative startups and entrepreneurs, driving growth through strategic investments and active collaboration within Canada’s dynamic ecosystem. We invest in promising early-stage Canadian companies, guided by an unwavering commitment to fostering innovation and excellence.
We source founders with vision, resilience, and determination to address large-scale problems—prioritizing companies that develop advanced technology with a clear competitive edge—unlocking their potential to scale and generate meaningful returns.
As a network of funds, we are proud to accelerate Canada’s transition to an innovation economy, continuously reinvesting in the nation’s vibrant tech ecosystem.
2024 Accomplishments
Investment Milestones
In Vintage 2024, Archangel closed 22 investments across 17 companies, marking a significant year of growth and impact. This brings Archangel’s portfolio to a total of 64 companies.
Operational Enhancements
To improve the efficiency of our operations, we adopted TotemVC, a cutting-edge data management and reporting platform. This implementation has streamlined our operations and provided enhanced reporting capabilities.
2024 Highlights
Events
Our team actively participated in several key ecosystem events, further strengthening our network and industry presence. Notable event highlights include:
- DiscoveryX – It was a pleasure to connect with several of our portfolio companies, engage with founders in the Investor Zone, and gain valuable insights from our teammates and ecosystem partners as they spoke on panels at DiscoveryX 2024!
- Collision – Congratulations to our portfolio company Voxcell BioInnovation, for winning PITCH at the 2024 Collision Conference in Toronto!
- Elevate – The Archangel team had a blast at Elevate with our very own Phoenix Fire Fund sponsoring a pre-elevate event panel and our Adrenaline Fund sponsoring a panel on Innovation Ecosystems.
- Techtoberfest – Communitech hosted an incredible event with informative panels and promising pitches.
- Shenzhen Sci Innovation and Entrepreneurship Competition – A number of our portfolio companies represented Canada on the world stage. Congratulations to our portfolio company, ENVGO, for placing first in the Marine Economy category!
These events not only allowed us to connect with entrepreneurs and investors but also provided opportunities to share insights and collaborate with ecosystem leaders.
Ecosystem Support
Throughout 2024, Archangel continued to champion Canada’s most active angel groups, including:
- Brampton Angels
- CVCA
- GTAN
- Maple Leaf Angels
- NACO
- NORCAT
- The Firehood
- VanTech
Our collaborative efforts remain at the heart of our mission, ensuring the sustainability and growth of Canada’s startup ecosystem.
Vintage 2025
We are starting Vintage 2025 off strong with a return to our usual selection committee schedule. Archangel currently has 4 deals in negotiations and 4 deals in due diligence.
Our 2025 New Year Resolutions
- Expand Our Portfolio: Continue to source and identify transformative founders and companies across diverse sectors.
- Support Our Portfolio Companies: Provide mentorship and exposure to guide our founders toward growth and success.
- Enhance Ecosystem Engagement: Deepen our partnerships with angel groups, accelerators, and ecosystem partners.
- Leverage Technology: Continue to optimize operations to further enhance investor and founder experience.
We’re excited to embark on another year of growth and impact. To our founders, partners, and community members: thank you for your ongoing support. Here’s to a successful and innovative 2025!
