VA Angels

Managing Directors Steve Nowina and John Marcus oversee deal sourcing and investment committee decisions. Individual deals are led by sector-specialist members who conduct diligence and negotiate terms, with final approval from the investment committee.

The network sources deals through relationships with Canadian universities, accelerators, and regional economic development organizations. Deal flow concentrates in the Calgary-Edmonton-Vancouver corridor, with members also bringing proprietary opportunities from their professional networks.

No. VA Angels is a membership-based angel investment network. It pools capital from accredited High-Net-Worth individual investors on a deal-by-deal basis, rather than operating as a single family office or commingled fund.

VA Angels invests primarily at Seed and Series A stages. Individual check sizes typically range between $250,000 and $1 million per round, with follow-on participation in later rounds when portfolio companies achieve milestones.

The network generally avoids pure biotech/pharma, commodity-based natural resources, and businesses requiring heavy regulatory approval timelines. It focuses on technology-enabled ventures with clear exit paths through regional acquirers or public markets.

Yes. VA Angels regularly co-invests alongside other Canadian angel networks, regional venture capital firms, and government-backed co-investment funds such as those from Alberta Enterprise Corporation. Co-investors share due diligence and board representation in many portfolio companies.

There is no separate philanthropic vehicle publicly identified. Individual members may engage in charitable activities independently. The firm itself focuses exclusively on for-profit early-stage venture investing.