April 28th, 2017
AngelList Syndicates now available to startups and investors across Canada
Betakit | | Mar 28, 2017
Last October, BetaKit reported on the long-awaited arrival of AngelList Syndicates to Canada, albeit in limited form, following the Ontario Securities Commission’s (OSC) decision to allow Ontario investors to lead and participate in AngelList Syndicates as part of a two-year trial program. Back then, AngelList’s advisor to Canada, Alex Norman, said it would be “just a matter of time until it’s across Canada.”
“Founders are building great companies from coast to coast and we can now help them succeed.”
As of today, AngelList Syndicates are available across Canada. Any Canadian startup can now raise funds on the platform, and accredited Canadian investors can now apply to invest on the platform (unsure if you’d qualify? read our extensive breakdown of how AngelList works).
“We are excited that the CSA [Canadian Securities Administrators] has approved AngelList Syndicates countrywide,” Norman told BetaKit. “Founders are building great companies from coast to coast and we can now help them succeed by providing access to capital/funding via the AngelList platform.”
As part of the October announcement, Creative Destruction Lab and NEXT Canada were identified as the two launch members of the OSC’s Approved Incubator Program, which allows investors to invest in a subset of companies and not count towards the Ontario investor limit (more on that here). Since then, the OCE and YEDI have been added to the AIP list, and is looking to take applications from organizations across Canada. Interested incubators, accelerators, “technology transfer offices” and organizations that meet the criteria listed below should drop AngelList a line via email.
The National Crowdfunding Association of Canada (NCFA Canada) is a cross-Canada non-profit actively engaged with both social and investment crowdfunding stakeholders across the country. NCFA Canada provides education, research, leadership, support and networking opportunities to over 1500+ members and works closely with industry, government, academia, community and eco-system partners and affiliates to create a strong and vibrant crowdfunding industry in Canada. Learn more at www.ncfacanada.org.