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Angel Investor (Group)
purple-angel.com

Investments

16

Portfolio Exits

2

About Purple Angel

Purple Angel is a group of angel investors formed in early 2001 by several retired alumni of Bell Northern Research (BNR). Purple Angel prefers to invest in companies in the Ottawa-Gatineau region. They invest in early stage companies but that are beyond the concept stage.

Headquarters Location

Ottawa, Ontario,

Canada

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Latest Purple Angel News

Shell Completes Acquisition of Offshore Blocks in Colombia

Dec 28, 2020

Illustration; Deepwater drillship - Image by nikkytok - AdobeStock Colombian oil and gas company Ecopetrol has informed that Shell has completed the previously agreed acquisition of 50 percent interest in three Colombian deepwater oil and gas blocks. The two companies signed an agreement in February which entailed Shell acquiring a 50% operating-stake in the Fuerte Sur, Purple Angel, and COL-5 offshore blocks located in the Colombian Caribbean deepwater, where a new gas province was discovered including the Kronos (2015), Purple Angel and the Gorgon (2017) wells. According to Ecopetrol, the transaction was completed on December 23. "The transaction is aligned with the strategic priorities of Ecopetrol's business plan, focused on reserves and production growth under strict capital discipline. With the closing of this transaction, the relationship with a strategic partner, highly experienced in the development of offshore areas, such as Shell, is also strengthened," Ecopetrol said. When first announcing the proposed transaction back in February, the two companies said they would drill an appraisal well in the area by the end of 2021, and carry out the first production test.

Purple Angel Investments

16 Investments

Purple Angel has made 16 investments. Their latest investment was in Gonuggets as part of their Pre-Seed on July 7, 2022.

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Purple Angel Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

7/15/2022

Pre-Seed

Gonuggets

Yes

1

1/1/2022

Pre-Seed

Zealy

$3.5M

Yes

3

6/6/2018

Series A - II

IRYSTEC

No

2

9/19/2016

Series A

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10

9/14/2015

Seed VC

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$99M

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10

Date

7/15/2022

1/1/2022

6/6/2018

9/19/2016

9/14/2015

Round

Pre-Seed

Pre-Seed

Series A - II

Series A

Seed VC

Company

Gonuggets

Zealy

IRYSTEC

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Amount

$3.5M

$99M

New?

Yes

Yes

No

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Co-Investors

Sources

1

3

2

10

10

Purple Angel Portfolio Exits

2 Portfolio Exits

Purple Angel has 2 portfolio exits. Their latest portfolio exit was IRYSTEC on July 06, 2020.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

7/6/2020

Acquired

$99M

1

1/26/2016

Acquired

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$99M

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10

Date

7/6/2020

1/26/2016

Exit

Acquired

Acquired

Companies

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Valuation

$99M

$99M

Acquirer

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Sources

1

10

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