Two of Canada’s largest angel investor networks, TEC Edmonton and VA Angels Edmonton Chapter, are merging to become TEC Venture Angels.
TEC Venture Angels will build a bigger investor network, offer investment services and streamline connections between Northern Alberta angel investors and regionally-based early stage tech companies. A more sophisticated entrepreneur class and a healthier innovation ecosystem in Northern Alberta will result.
TEC Venture Angels will be run by not-for-profit innovation business incubator and accelerator TEC Edmonton. TEC Edmonton will initially screen, then assist start-up companies wishing to approach TEC Venture Angels for investment capital. No government money will be invested. Start-up companies will pay no fees or commissions to TEC Venture Angels.
In the last two years, operating independently, TEC Edmonton and VA Angels Edmonton have helped early stage companies raise more than $100 million.
VA Angels Edmonton leader Randy Thompson will be Director of TEC Venture Angels.