An angel investor group provides initial investment money for startup businesses, usually in exchange for ownership equity in the company. In Canada out of 40+ Angel groups, 9 are designated by NACO to participate ini the Startup VIsa Due Dilligence and Letter of Support issuance.
An Angel investor group or an individual from the group must invest at a minimum of $75,000 (seventy five thousand dollars) into the business in order to validate the reason why Letter of Support is issued.
Yes, most Angle investors in Canada invest between $300000 and $500,000 into businesses that are in Canada, but if the startup is too early in the development stage, than there is a minimum that is set.
