Activity by angel investors was more or less flat in Canada last year, according to new data from the National Angel Capital Organization (NACO).

The group released its annual report on angel investing activity on Monday, which shows that the 30 angel groups it surveyed made a total of 237 investments in 181 companies, amounting to $90.5 million, in 2014. In 2013, $89 million was invested in 199 deals by 29 groups of Canadian angel investors, according to NACO.

In 2014, the average deal size was $1.2 million, the organization notes, and more than 80% of angel-funded startups fall into two sectors: information technology and life sciences, NACO reports. The clean technology sector ranks a distant third. Investments in life sciences firms tend to be double the size of IT or cleantech deals, NACO adds.

In addition, 75% of the deals in 2014 were syndicated, the organization reports, involving capital outside the angel group.

As well, there were nine deal exits in 2014, including one initial public offering (IPO) and eight M&A transactions.

According to the report, 63% of angel investors were located in Ontario, 30% are in Western Canada, and just 7% hail from Eastern Canada.

Angel groups “have identified a need to collaborate by sharing resources, tools, and best practices across groups as the key to supporting growth, better deal flow and outcomes,” the report concludes.