# Purple Angel

Purple Angel is an Institutional Investor based in Nepean, Canada.

## Overview

- **Organization type:** Institutional Investor
- **Headquarters:** Nepean, Canada
- **Region:** North America
- **Address:** Nepean, Canada
- **Assets under management:** Undisclosed
- **Website:** www.purple-angel.com

## Regulatory record

- **Reports private funds:** No

## About

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.

## Sectors

- Institutional Investor
- Canada

## Questions

### 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.

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Last updated: 2026-07-13T03:07:58.000Z

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