13th August 2010
Irish Business Angels Get Internet Wings
Dublin, Ireland - August 13th2010: Halo Business Angel Network (HBAN)), the national network for angel investing in Ireland, hasintroduced a set of Internet-based collaborative tools to increase levels of domestic and international angel investing. HBAN, a joint initiative of InterTradeIreland and Enterprise Ireland, is the umbrella organisation for angel investing in Ireland.
By adopting the Angelsoft technology platform, HBAN aims to enhance the ability of Irish entrepreneurs to attract startup investments from angel investors in Ireland and throughout the world, while providing them with the means to effectively manage and streamline the funding process.
HBAN is linked to business angel networks in over 50 countries, including the national angel federations in the U.S., Canada and, most recently, Australia, in adopting Angelsoft as the country’s official Internet platform for connecting entrepreneurs with accredited angel investors and venture capitalists.
In addition to deal flow management for angels, the Angelsoft tools encourage investors to mentor entrepreneurs, providing angels with solutions for managing ongoing relationships with startups. Every angel investor within HBAN’s nationwide network will now be provided free access to Angelsoft’s online tools as a benefit of membership.
By giving its member groups open access to Angelsoft, HBAN has unifies the deal flow management systems being used, allowing investors from multiple groups across the country to pool their funds and resources in support of innovative Ireland-based startups.
Angelsoft’s comprehensive software-as-a-service will power the internal collaboration process in each HBAN-affiliated angel network, showing opportunities for prospective entrepreneurs and supporting sponsors and individual members. As the new standard deal flow management tool for all early-stage investing in Ireland, Angelsoft enables entrepreneurs to apply for funding throughout the country, and the world, using one unified application.
Each angel group’s internal screening committee will be able to use the Angelsoft collaboration system to review and rate funding applications from aspiring entrepreneurs, while individual angel investors can use advanced Internet tools to lead deals all the way through to investment. Thanks to Angelsoft, HBAN angels can greatly shorten the time it takes to finalize an investment, while improving the due diligence research that enables them to make stronger investment decisions.
“Today’s announcement by HBAN was made in the best interests of its syndicates of Irish angel investors and entrepreneurs. HBAN is responsible for the promotion of best practice in angel investing in Ireland and until today Irish investors have not had a unified solution in place to effectively manage and streamline their angel financing activities,” said Diane Roberts, National Director for HBAN.
“Angelsoft has built an impeccable track record of success with more 20,000 investors from 500 angel networks in 50 countries. We believe a strategic partnership with Angelsoft will help strengthen our relationships with investors throughout the world, and facilitate international investment into Irish start ups”.
“The adoption of Angelsoft by Halo Business Angel Network marks a significant step forward for Irish entrepreneurs and investors, whether in Ireland or elsewhere in the world,” said David S. Rose, Founder and CEO of New York-based Angelsoft.
“Through Angelsoft’s powerful tools, angel investors anywhere can tap into a very vibrant start up scene in Ireland, making cross-border investing a welcomed reality.”
With this partnership developed by HBAN, entrepreneurs and members of HBAN affiliated angel groups and networks throughout Ireland will receive full and immediate access to Angelsoft as part of their existing membership dues.
