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The latest news from HBAN

HBAN’s MedTech Syndicate led initial €1.2M investment in Bluedrop Medical

By hban.org Thursday, 19th September 2019 | 0 comments
Filed under: Deals Done, 2019.
HBAN announces that Bluedrop Medical, a Galway based Medical device start up, has secured €3.7M in funding to help manage one of the most devastating complications of diabetes – the diabetic foot. An initial seed investment of €1.2M was led by HBAN’s MedTech Syndicate - which itself invested €340K in the seed round. Enterprise Ireland and the Western Development Commission also invested in the funding round along with other members of the investment community.  A €2.5M grant was awarded through the European Innovation Council.

CroíValve Secures €4M in Additional Funding to Initiate Clinical Trials

By hban.org Thursday, 12th September 2019 | 0 comments
Filed under: Deals Done, 2019.
HBAN investors have contributed towards €4 million in additional financing that has been secured by CroíValve, a high potential start-up (HPSU) supported by Enterprise Ireland developing a treatment for tricuspid regurgitation (TR). This is an issue affecting over half-a-million people every year in the US and EU alone, for which there is currently no suitable solution. The financing includes €2.5 million from the European Union under their Horizon 2020 SME Instrument grant and €1.5 million from Broadview Ventures and current investors (HBAN MedTech and Irrus Syndicates, Atlantic Bridge University Fund and SOSV Ventures). The funding will accelerate the development of the company’s novel technology into First in Human studies.

Boole Syndicate Open Event & Deal Lead Masterclass

By hban.org Monday, 9th September 2019 | 0 comments
Filed under: 2019.
The HBAN Boole Syndicate, based in Cork, is recruiting new members and holding a Deal Lead Masterclass on Monday 14th of October at 12.15 pm alongside their regular pitching event for potential investors to learn more about business angel investing.

Sourcing Angel Investment to Scale event in Castlebar on 25th of September

By hban.org Thursday, 5th September 2019 | 0 comments
Filed under: Events, 2019.
Looking to Invest in Start-Ups or Looking for Investment for your Start Up? – then this event is for you! Join us for this event themed ‘Sourcing Angel Investment to Scale’ on Wednesday 25th September at 5.30pm in Castlebar, Co. Mayo (Room Y108 of the main GMIT Campus Building). This event, comprising short talks presentations and networking, is designed to attract potential new private investors in the region as well as potential exciting new investment opportunities and provides an introduction to angel / private investing.  At the event, speakers and experts will talk about their experiences of angel investing, both as investors and investees, leveraging their networks and the experience of private investment and syndicate investment groups.   This is an ESIL (Empowering Early Stage Investors Launchpad) event run in conjunction with HBAN, Galway Mayo Institute of Technology and supported by WestBIC, the GMIT iHUBs / Empower Programme, Enterprise Ireland, Údarás na Gaeltachta, WDC and Local Enterprise Office.

Seraf Toolbox: Modeling Tool for an Early Stage Investment Portfolio

By hban.org Tuesday, 25th June 2019 | 0 comments
Filed under: 2019, Angel advice.
One of the biggest challenges faced by early stage investors is to assemble a portfolio of investments that in aggregate return more than 2 times the original amount invested in the total portfolio. In the language of Venture Capital, the goal of a successful early stage investor is to achieve a Distributed to Paid-In (DPI) ratio greater than 2X. In other words, for every dollar you invest in your portfolio, you want to get two dollars back over time. And, if you want to be one of the top decile early stage investors, you want to shoot for a DPI of 3X or greater.

HBAN-backed Phorest scoops major European angel investment award

By hban.org Thursday, 20th June 2019 | 0 comments
Filed under: HBAN in the Media, 2019.
HBAN, the all-island organisation responsible for the promotion of business angel investment and a joint initiative between Enterprise Ireland, InterTradeIreland and Invest Northern Ireland, today announces that its winning streak at the European Business Angels Network (EBAN) annual congress has continued. Phorest, the HBAN-backed salon software company, was named most successful business financed by early stage investors at this year’s event in Helsinki.

Angel Investing Exits: The Good, the Bad, and the Ugly

By hban.org Friday, 14th June 2019 | 0 comments
Filed under: 2019, Angel advice.
After a year or two down the path of building a diversified portfolio of angel investments, many individual angels are faced with some uncertainty about their path forward. The questions on many experienced angels’ minds are “Will I make a good enough return on my angel investments to justify the risk? Should I continue to invest?”  

HBAN London Syndicate meets on 20th June

By hban.org Friday, 14th June 2019 | 0 comments
Filed under: Events, 2019.
Are you an investor and in London on June 20th? If so, join us at the HBAN London Syndicate to see some of the best investment opportunities from the island of Ireland. Did you know the HBAN London Syndicate invested €700k into 5 companies within the first 9 months? This active group of investors welcomes new members at their next meeting on 20th of June in London.                  The HBAN London Syndicate is a group of likeminded individuals seeking qualified deal flow with a UK focus from the island of Ireland. The syndicate usually co-invests alongside a local Irish lead investor, with due diligence documents available.

Deciphex Finalise 2.3m Equity Fundraising to Accelerate Commercialisation and Research Programs

By hban.org Thursday, 25th April 2019 | 0 comments
Filed under: Deals Done, 2019.
Deciphex an Irish based technology player, applying AI in pathology, has announced the conclusion of a €2.3m equity funding and convertible debt conversion event which will empower the company to accelerate its research and development in Artificial Intelligence and ramp up market entry in preclincial/toxicologic digital pathology.

Introductory Business Angel Investing Seminar in Wexford

By hban.org Wednesday, 24th April 2019 | 0 comments
Filed under: Events, 2019.
HBAN, a joint initiative of Enterprise Ireland, InterTradeIreland and Invest Northern Ireland, will host an Introductory Business Angel Investing seminar at the Wexford Chamber Offices, Hill Street, Wexford, Wednesday 8th May from 5.30pm. The seminar will feature a session with seasoned angel investor Brian McDonald and networking opportunities with members of South East Business Angel Network.

HBAN Food Investor Forum

By hban.org Wednesday, 24th April 2019 | 0 comments
Filed under: Events, 2019.
HBAN will hold the first Food Investor Forum of 2019 on 21st May in Dublin . The half-day event will bring together current HBAN Food Syndicate Investors, other HBAN Investors interested in the food sector and New Investors interested in getting involved in food investing. It will also bring together other key stakeholders in the food industry including Kerry Group, Finistere (a later stage US and Irish Food and Agtech focused VC), and leaders of successful scaled Food companies to share their market insights and experience. A selection of 4 food sector entrepreneurs from across the broad food supply chain (from production, packaging and distribution) will pitch to investors to raise investment.

Signum Surgical Receives €3.6 Million in Grant Funding to Support Launch of Therapy for Patients with a Common Colorectal Disease

By hban.org Monday, 8th April 2019 | 0 comments
Filed under: Deals Done, HBAN in the Media, 2019.
Signum Surgical, a company dedicated to developing minimally invasive technologies to treat colorectal diseases, today announced the company has secured €3.6 million ($4 million) through two grant funding awards. The grants include €2.3 million from the European Union Horizon 2020 SME Instrument, and €1.3 million from Ireland’s Disruptive Technologies Innovation Fund (DTIF). Funds from these grants will support regulatory and clinical programs leading to the commercialization of the company’s BioHealxTM device, which is designed to treat anal fistula, a painful colorectal condition that affects one in 5,000 people worldwide.

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