Angel investment is a key milestone for many startup entrepreneurs — that important moment when they can boost their company’s prospects with external validation, funding, and mentoring. 

But like every aspect of modern business, the COVID-19 pandemic has impacted angel investors, leaving many early-stage entrepreneurs wondering if there will still be that financial lifeline available to their emerging company? 

The good news, according to Valhalla Angels co-founder Luke Krueger, is that angel funding will still be available, but entrepreneurs seeking it will have to strengthen their pitches and plans because it’s going to more challenging to obtain. 

As the head of one of Canada’s most active and successful angel groups, Krueger has been in constant contact with his group of investors and has found cautious optimism, and even an appetite for increased deal flow – under the right circumstances.

 

Krueger also sees his investors playing a key role in helping the Canadian economy emerge stronger and more resilient, even as we are still experiencing the immediate effects of the pandemic.    

That cautiously optimistic outlook doesn’t mean there haven’t been valid concerns expressed amongst investors and entrepreneurs about the long-term impact that COVID-19 might have on the availability of investment capital. 

For the early-stage entrepreneur who had intended to seek angel capital, Krueger believes they shouldn’t feel dissuaded, but they need to focus on where the world is going, not where it may have been.  

That aligns with advice that TechAlliance’s Venture Growth & Corporate Innovation has been offering to clients. 

If you have questions about funding for your business, start a conversation with our Venture Growth & Corporate Innovation to see review your options. 

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