Type of Program:
York Angel Investors provides early stage start-ups with seed funding, and importantly advisors who counsel portfolio companies. They mainly invest in B2B AND B2C SAAS, IOT & ICT, Industrial Automation, Fintech, Insure Tech, CPG, Cleantech, Health Tech, Marketplace Solutions.
Comments on Funding:
The typical aggregated investment from York Angels is between $75,000 and $300,000 per round in early stage companies.
The preferred investment structures for York Angels is either preferred equity or convertible debt.
When It Ends:
Their typical Portfolio Companies (link to PortfolioCompanies) have pre-money valuations from $2,000,000 to $5,000,000 and raised between $250,000 – $1,000,000.
submit a pre-screening application (online form) to check eligibility and might be contacted for a brief phone interview;
present the company to York Angel Investors' screening committee (a subset of our membership) at their semi-monthly screening meeting, if invited;
deliver a 10 minute pitch, followed by 15 minutes of Q&A to York Angels Investors' full membership at their monthly investment meeting, pending approval of the screening committee;
have a due dilligence initial discussion of valuation and terms to make sure the two parties are within working distance of each other and that due diligence can proceed.
Please note that there is a small fee of $35+HST to cover administration costs. Once applicants have paid the application fee, they will be redirected to an online application form.
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.