As 2025 comes to a close, Archangel reflects on five years of investing in companies that are building the next generation of Canadian innovation. Since our earliest investments in 2020, Archangel has grown steadily in scale, reach, and impact, while maintaining a disciplined, early-stage focus.

To date, Archangel has raised $25 million in committed capital, with $16 million deployed across early-stage Canadian companies. By the end of 2026, deployed capital is expected to surpass $20 million, a meaningful milestone that highlights how far we have grown since 2020. 

Archangel’s four sub-funds—Adrenaline, Axion, Phoenix Fire, and StarForge—continue to back founders early, leveraging pooled capital and collective experience to identify high-potential opportunities across the country.

Archangel’s Sector Agnostic Approach

Archangel’s sector-agnostic approach has allowed the network to invest across a broad range of industries and market cycles. In the period following the COVID-19 pandemic, medtech and AI-driven companies emerged as particularly active areas of investment across the ecosystem, reflecting both urgent market needs and accelerating technological adoption.

Over time, Archangel’s portfolio has evolved to reflect changing innovation trends, while remaining anchored in a consistent focus on Tech and IP-driven companies solving complex, real-world problems.

To date, Archangel’s four funds have collectively made 162 investments across 79 unique portfolio companies covering an array of sectors including Health Tech, Industry 4.0, Sustainability, and Technology.

Looking ahead to 2026, Archangel remains focused on supporting companies with defensible intellectual property, strong technical foundations, and the potential to become category leaders, while continuing to adapt to emerging themes and opportunities across the Canadian innovation landscape.

Portfolio Spotlights

Several of Archangel’s portfolio companies reached important inflection points in 2025, reinforcing Archangel’s early-stage conviction and collaborative investment model.

EAIGLE, initially backed by Archangel during the COVID-19 pandemic, began by developing computer vision and data-analytics solutions to support health and safety screening. Since then, the company has evolved into an enterprise platform addressing security, logistics, facility operations, and building-space optimization, and has gone on to raise a Series A round at a significant uplift in valuation.

Rithmik Solutions applies AI and data analytics to mobile equipment management in the mining sector. ​​Archangel’s Phoenix Fire and Adrenaline Funds invested in the company in 2023. Since then, Rithmik has attracted high-profile customers and investors and recently closed a Series A financing at a significantly higher valuation.

OrderEase represents a particularly strong example of momentum across both operations and capital formation. In 2024, Archangel’s StarForge, Axion, and Adrenaline Funds invested in OrderEase, recognizing the company’s ability to modernize complex ordering and invoicing workflows across enterprise supply chains. In 2025, that conviction was reinforced with OrderEase’s most recent bridge financing, which generated greater investor interest than initially expected. The new financing reflects steady revenue growth, increasing enterprise adoption, and improving operating leverage as the company advances toward its next stage of scale.

A Collaborative Ecosystem

A defining feature of Archangel’s approach is its deep engagement with the broader innovation ecosystem. Across its portfolio, Archangel has co-invested alongside a wide range of respected angel groups, funds, and innovation organizations, benefiting from shared diligence, complementary expertise, and aligned long-term perspectives.

The network is grateful to have invested alongside organizations including GTAN, Capital Angel Network, Brampton Angels, NORCAT, Two Small Fish, Graphite Ventures, WhiteCap Ventures, Mars IAF, RiSC Capital, Anges Quebec, and eFund, among others. These partnerships strengthen deal quality, expand founder support, and reinforce the collaborative nature of early-stage investing in Canada.

2026…

Looking ahead to 2026, we are confident in our convictions to support Canadian early-stage tech. While physical goods and commodities face trade volatility, tech and IP-rich assets remain highly resilient, transcending barriers during times of uncertainty. 

As we enter Archangel’s final year of deployment, we remain focused on our mandate: identifying and supporting the next generation of Canadian founders. Our national competitiveness depends on funding Canadian companies as they progress toward their next stages of growth and liquidity. 

Interested in learning more about Archangel?

We welcome the opportunity to speak with you! Should you wish to learn more about Archangel and its sub-funds, please email admin@archangelnetwork.ca