SWO Angel Group

10th Anniversary Key Events Recap

May 8, 2018

Author: Dennis Ensing

May 2006 
First investment: Scisence 16 London Investors

July 2007
Second investment: Scisense London Investors

August 2007
Formal Invite to London Investors to establish angel investing group

March 12, 2008
Letters Patent granted for “Southwestern Ontario Angel Group”

March 20, 2008
Board of Directors established with Hank Vander Laan and Dennis Ensing, appointed as Co-Chairs
Carmen Gicante appointed as Executive Director

March 26, 2008
Inaugural Meeting of members

April 2008
SWO Angels approved under Angel Network Program (now Angel Investors Ontario)

September 2008
SWO Angels becomes member of the National Angel Capital Organization (NACO)

June 2009
$1 million invested by SWO Angels members – three rounds in Scisense

June 2009
First investment post-formation: VanRX

February 2010
Peter Day appointed as Board Chair

June 2011
First exit: Scisense merged with Transonic Systems Inc.

September 2012
$5 million invested by SWO Angels members in 11 companies

March 2013
Second exit: Magor Communications Corp. listed on TSX-V

August 2014
SWO Angels formally establishes Windsor chapter, “Windsor Essex Capital Angel Network” (WECAN)

December 2014
$10 million invested by SWO Angels members in 15 companies

January 2015
John Pollock appointed as Executive Director

April 2015
Carmen Gicante appointed as Board Chair

September 2015
$400 annual membership fee introduced

January 2016
$25 million, including leverage from non-members, invested in 20 companies

March 2016
First venture with $4 million invested by SWO Angels members (VanRX)

January 2017
Dennis Ensing appointed CEO

March 2017
45 members

November 2017
Gord Hart appointed as Board Chair

March 2018
Launched simultaneous syndication pilot with Golden Triangle Angel Network (GTAN) (Kitchener/Waterloo) and Angel One Investor Network (Burlington)

Total invested
$19.5 million in 28 companies, leveraged into additional non-member investment of $32.5 million