The Maple Leaf Angels Corporation today announced the launch of MLA48, Canada’s first angel investment fund committed to a turn-around time of just 48 hours. The fund promises the ultra-quick decision making process to entice young companies in the information, communication, and entertainment sectors across Southern Ontario, where the fund aims to provide early stage financing. In addition, MLA48 will offer companies coaching and mentorship, networking opportunities, and access to follow-on funding from the Maple Leaf Angels network.
The fund was created after feedback from entrepreneurs revealed that the long lead times for other angel investment opportunities ranked as a significant hurdle to meeting their financial requirements. Based on this, MLA48 commits to deliver an investment decision to applicant companies to the Fund’s investment committee.
“Maple Leaf Angels is excited about increasing the investment opportunities for its members while further building the entrepreneurial ecosystem. We are proud of our affiliation with our network of public and private sector partners that are helping us to bring this initiative to the startup community.” said Gerard Buckley, Chair of the Board, Maple Leaf Angels. “In addition, members of MLA can benefit from the diversification of a portfolio approach to investment through participation in the MLA48 Fund.”
“We are looking forward to helping entrepreneurs by streamlining the early stage investment process and providing structured mentoring to investee companies. Helping startups grow is the cornerstone of MLA’s ecosystem presence and the Fund will enhance our activities in this area in a substantial way.” added Brandon Corman, Managing Director, Maple Leaf Angels Capital Corporation. “We are fortunate to have the support and involvement of a market leader in technology and innovation, such as Norton Rose Fulbright. They offer a deep understanding of start-up culture and operations, and have a global industry focus on technology and innovation.”
Established in 2007, Maple Leaf Angels is a not-for-profit organization. Funding Ontario’s most promising new companies, Maple Leaf Angels is an experienced group of high net worth private individuals who invest in seed and early stage technology companies. While investments are made individually, MLA members benefit from experience with best practices in early stage investing and from the collective knowledge and networks of the group.