On April 27, 2021, Archangel Network of Funds ("Archangel"), a new angel investment network founded by a consortium of superangels, announced that it had completed an oversubscribed first closing with commitments of over $10 million.

Archangel, based in the Toronto-Waterloo corridor, will invest in early-stage high growth Canadian technology companies across a wide range of sectors. The network is made up of three individual funds – Adrenaline, Axion, and StarForge – that often collaborate together on various deals depending on fund focus. 

Todd Bissett of Gowling WLG is legal counsel to Archangel and was closely involved in its design and formation.