Posted: February 11, 2022


No Fixed Amount

Type of Program:



Founded in 2009, the Capital Angel Network (CAN) has been investing in startups in the National Capital Region for almost a decade.

CAN actively engages with the Ottawa startup ecosystem by integrating directly with local incubators and accelerators. We also host a bi-annual Mashup to showcase the best of what our community has to offer.

From there, companies apply to pitch on a monthly basis. Once screened, they are presented to the membership for investment.

This process ensures that only high-quality investment opportunities with strong potential for returns are presented to our membership.

Comments on Funding:

Most companies that approach CAN are raising between $500K & $1M.

When It Ends:

Accepting new applications for 2022


First Monday of the Month


Applicants must:

  • be Ottawa startups;
  • have already received funding from government grants and family & friends;
  • ideally have their product in the market with a growing customer base;
  • be prepared for an injection of capital that will accelerate their growth.  

CAN has invested in a diverse portfolio of companies ranging from a food waste recycler to a spectrum analyzer to a platform for bus rentals. However, given the background of CAN’s 50+ members their portfolio primarily consists of the following verticals:

  • B2B/Enterprise SaaS;
  • Internet of Things;
  • Artificial Intelligence;
  • Cybersecurity;
  • Health & Wellness Technology.

Applications Steps:

Applicants must:


create/have a company profile in Dealulm;


apply using their Dealulm profile;


make a pitch. All applicants will also automatically be entered for the Pitch Award.

After application submission, CAN prescreens the applications and up to 6 candidates are invited to the screening meeting where 2 or 3 will be chosen to present at the member meeting.

About the author 


Maurice (Moe) Muise learned the ins-and-outs of government while an employee of the Government of Canada in Ottawa for 10 years. His current focus is helping small businesses in Ontario to identify and maximize government grants to grow their business.
Click here to learn more about Moe's background and how he can help your business.


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