Finding investors and raising enough money to fill a round is something many entrepreneurs and their deal leads have to endure. After exhausting friends and family money, most startups are financed using a process that we investors refer to as “syndication.” For entrepreneurs the syndication process can be long, arduous frustrating and tedious. And for deal leads it is not only a lot of work, there is some reputation at risk as well. However bad it is, there is something even worse: going through the process and failing.
HBAN the all-island organisation responsible for the promotion of business angel investment, and a joint initiative of Enterprise Ireland, InterTradeIreland and Invest Northern Ireland has announced that despite the pandemic-induced restrictions over the course of 2020, business angels invested over €14m in start-ups across the island of Ireland. The announcement comes as HBAN prepares to host its annual Conference virtually on the afternoon of Thursday 11th February 2021. The four-hour event will stream live online from 1:30-5:30pm.
HBAN (Halo Business Angel Network), the all-island organisation responsible for the promotion of business angel investment, and a joint initiative of Enterprise Ireland, InterTradeIreland and Invest Northern Ireland, today announces that investors in its WxNW Syndicate along with Enterprise Ireland have invested €650,000 in Ronspot Solutions. HBAN angel investors have contributed €400,000 to this funding round, while Enterprise Ireland has invested €250,000. Angels from HBAN’s Dublin, London and Singapore groups have also invested.
HBAN (Halo Business Angel Network), the all-island organisation responsible for the promotion of business angel investment, and a joint initiative of Enterprise Ireland, InterTradeIreland and Invest Northern Ireland, today announces that investors in its South East Business Angel Network (SEBAN), along with Enterprise Ireland have invested €570,000 in fintech startup Loanitt. The company has already grown staff numbers to 15 people in less than 12 months, with plans to target a headcount of 40 people by year-end 2021. SEBAN angel investors have contributed €270,000 to this funding round, while Enterprise Ireland has invested an additional €300,000.
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
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.
If you‘re a high potential Start Up that has a new innovative product or service ready for commercialisation and/or have achieved some early traction and are raising finance to scale internationally please contact us.