Angel Research

EBAN Impact Investing Report

EBAN Impact’s Investing Report is based on a survey launched in April 2020 led by Juan Alvarez de Lara, board member of EBAN, chairman of EBAN Impact, and founder of Seed&Click, and sponsored by Dr. Lisa Hehenberger and Dr. Kai Hockerts, professors at ESADE Business School and Copenhagen Business School respectively.

How Investors Can Support the Journey to Net Zero - UKBAA

This report draws heavily on our community’s views regarding where the opportunities in this area lie, as well as recommendations on how private finance and corporates can work together to move towards the UK’s 2050, net-zero target.REGISTRATION REQUIRED

EBAN Statistics Compendium 2020

EBAN’s Statistics Compendium is based not only on the information provided by European business angel networks, Federations of BANs, individual business angels and but also based on data published in 35 other sources amongst which include: Dealroom.co, Crunchbase, PitchBook, the European Commission, National Venture Capital Associations, national and regional research studies on angel investment.

HBAN 2019 Year in Review

The landscape of business angel investment has evolved dramatically over the last few years. In this report, we explore the attributes of a “typical” angel investor, trends in investment activity and the returns that can be achieved. These findings are based on a survey carried out on HBAN members and provide an insight into the business angel market in Ireland.

EBAN Hockeystick Report

EBAN has published the pilot results of its new research project in which HBAN particpated which was conducted in collaboration with Hockeystick, a data analytics platform that also powers angel market reports for the Angel Capital Association and NACO Canada.

Funding for growth: The Business Angels Market

A 2016 study of the characteristics, investment patterns, behaviours and attitudes of Business Angels on the island of Ireland; the outcomes of Business Angel investing (particularly evidence on ‘exits’); and the role of tax incentives and other supports in supporting Business Angel investing based on the views of 100 angels.

HALO 2018 Report

The 2018 HALO Report provides economic developers, community and business leaders, entrepreneurs and early-stage investors with best-in-class research reports to better understand how startups are funded. The report is based on extensive data collected on 2,570 deals.

EBAN Statistics Compendium 2019

The Statistics Compendium is Europe’s most extensive annual research on the activity ofbusiness angels and business angel networks. It provides information on the overall earlystage market and on how business angel networks operate, as well as insight into theirinvestment attitudes.

UKBAA Business Angel spotlight

A report published in 2017 examing the profile & experience of business angels, factors influencing investment decisions and the performance of current portfolio and exits. British Business Bank published with UK Business Angels Association.

Return to Angel Investors in groups

A report from Robert Wiltbank published in 2007 in partnership with the Angel Capital Association in the US. The findings of the study are based on the largest data set of accredited angel investors collected at that time, with information on exits from 539 angels.

NESTA Report 2009 – Siding with the Angels

This research greatly improves our understanding of angels’ investment approach and experience, what returns are being made and what factors affect successful investment. It provides invaluable information to enable us both to formulate policy proposals to government to support further development and stimulation of the market.

Syndicates in Scotland an exploratory study of gatekeepers

A study of the ever-evolving business angel market in Scotland and the importance of the gatekeepers in these groups. This comprehensive report makes 5 recommendations based on the extensive research carried out.

A Review of the Equity Investment Landscape In Ireland

A Review of the Equity Investment Landscape In Ireland with a view to introducing actionable steps (enterprise supports, tax, etc.) to support equity investment in productive firms. A report published in 2012 by Forfás, the Department of Jobs, Enterprise and Innovation, the Department of Finance and Enterprise Ireland

Evaluation of EU Business Angel Markets & Policies

The study considers both members and non-members of Business Angel networks (BANs). The terms of reference placed emphasis on including the “non-measured” market because relatively little is known about this market segment and yet it is a very significant as a source of risk capital funding.

Taking the Pulse of the Angel Market in 2013 - Deloitte

This report issued by Deloitte in partnership with the UKBAA surveyed 62 angels and analysed over 250 angel deals to explore what the market looks like in the UK. Views were taken from individual angels, angels in networks, syndicates, new angels in their first year of investing and the new breed of ‘super angels’.

Informal investors and the venture capital market

This paper uses data from the Global Entrepreneurship Monitor to outline the extent and nature of informal venture capital activity in Ireland. Results suggest that Family, Friends and Colleagues provided at least €195m to new businesses in 2011, and Business Angels invested €80m.

Financing High-Growth Firms: OECD Report 2011

The OECD launched a project to study seed and early-stage financing for high growth companies in OECD and non-OECD countries, with a primary focus on angel investment. The project included interviews with over 100 practitioners, experts and policymakers in 32 countries.

The Transformation of the Business Angel Market

Scotland has experienced particularly rapid growth in angel groups, this paper examines the drivers of this change, the characteristics of the groups; their investment activity and outcomes and the investment process of angel groups.