News

HBAN angels drive €1.2M FoodMarble investment round

FoodMarble has developed the world’s first personal digestive tracker, helping users to control food intolerances Funding to be used for R&D and to support expansion into the US and Canada, where the company has deals with Best Buy and Amazon Company achieved €1M in sales in 2019, its first year of sales, and predicts sales of €4M by year-end 2021 Funding follows €160K HBAN angel investment last year

Gray's Clip Closes £350,000 Funding Round From HBAN Angels and CoFund NI

A Northern Ireland start-up which appeared on TV’s Dragons’ Den earlier this year has successfully closed a £350,000 funding round with local business angels to bring its innovative new insulated cable clip to market. Gray’s Clip, run by Lisburn-based co-founders Davy and Julie Gray, secured £250,000 of investment from a group of nine private investors through the Halo Business Angel Network (HBAN) and a further £100,000 from Co-Fund NI, part of Invest Northern Ireland’s Access to Finance portfolio. The company’s product, ViperClip, is a fully insulated cable clip which works with its specially designed battery powered stapler to secure 110v to 240v electrical cables to wooden joists and structures. Both of these products were created and designed by electrician Davy, who knew there was a need for a faster, easier and safer way to secure electrical cables to joists without having to hammer in individual clips. Davy and Julie appeared on the BBC’s popular Dragons’ Den show in March this year and received offers of investment from four of the Dragons, initially accepting an offer from Deborah Meaden.

HBAN Calls for Increase in Investor Tax Relief to Address Start-Up Funding Challenges

Economic impact of COVID-19 leading to investments in early-stage businesses being delayed, stalled or abandoned In order to stimulate growth and employment, HBAN proposes temporarily increasing EII tax relief to 60% HBAN’S proposal to Dept of Finance also calls for annual amount eligible for tax relief to be increased from €250k to €1m Angel network argues current administration of EII Scheme is not fit for purpose and proposes significant changes in order to incentivise investments Some investors still waiting for tax certificates two years after application

HBAN angels cash out with up to 10 times return on investments

HBAN (Halo Business Angel Network), has announced that the last 12 months has seen HBAN angels celebrate exits of up to 10X their initial investments. Since August 2019, Irish start-ups Finovation, Decawave, Payslip and Iconic Translation Machines have provided investors with an opportunity to make significant returns on their investments.

HBAN on Newstalk Business Breakfast

All-Island HBAN Director John Phelan joined Newstalk Business Breakfast Monday June 22nd to discuss how HBAN has adapted to continue pitching throughout COVID-19. He also offered important insights and advice for Irish start-ups and discussed HBAN's plans for the future.

Record numbers of business angels attend HBAN’s online pitching events

HBAN  today announces the continuation of its pitching events to all-time-high numbers of investors.

HBAN Northern Ireland Hits £5M Worth of Investment in it's First 18 Months8 MONTHS

Network urges more high net worth individuals to consider becoming angel investors

BOATYARD DISTILLERY SECURES SIGNIFICANT INVESTMENT AND ADDS HAND SANITISER TO PRODUCT RANGE IN RESPONSE TO COVID-19

The Boatyard Distillery said today that it has successfully closed a £634,000 investment round through the Halo Business Angel Network (HBAN) from private investors and Co-Fund II. It also announced that it has started producing a new range of hand sanitiser in response to the coronavirus pandemic.

Pitching for Investment Virtually could be a Lifeline for Start-Ups

HOW we go about our every day lives has changed considerably in the last few weeks. While some businesses have unfortunately had to close their doors and many others have furloughed staff, pitches by start-ups to business angel investors are still going ahead remotely.
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