Updated:
Purple Angel
Purple Angel is an informal angel investment group formed in early 2001 by several retired alumni of Bell Northern Research (BNR), with headquarters in Nepean,...
Purple Angel
Purple Angel is an informal angel investment group formed in early 2001 by several retired alumni of Bell Northern Research (BNR), with headquarters in Nepean, Canada. The group adopted its name from the purple of BNR's logo. Purple Angel invests in early-stage companies in the Ottawa-Gatineau (National Capital) region, typically targeting companies beyond the concept stage. Prospective investments are reviewed collectively by the group, with a smaller subgroup working in detail with the company, though individual members make their own investment decisions. To date, the group has invested in 29 companies, all but two located in the National Capital Region. Notable transactions include a pre-seed investment in MarketLeap on July 15, 2022, and two portfolio exits, including IRYSTEC on July 6, 2020.
General information
Firm type
Institutional Investor
Location
Region
North America
Country
Canada
City
Nepean
Corporate office
Nepean, Canada
Sector focus
Frequently asked questions
What is Purple Angel's investment focus?
Purple Angel invests in early-stage companies in the Ottawa-Gatineau (National Capital) region, typically beyond the concept stage. The group has invested in 29 companies, with all but two based in the National Capital Region.
How does Purple Angel make investment decisions?
Prospective investments are reviewed collectively by the group, with a smaller subgroup working in detail with the company. However, individual members make their own investment decisions, as is customary with many organized angel groups.
Who founded Purple Angel?
Purple Angel was formed in early 2001 by several retired alumni of Bell Northern Research (BNR). The group's name was inspired by the purple color of BNR's logo.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
Need institutional-grade insight on investors?
Altss delivers:
Prefer a guided tour?
We’ll walk you through: