Funding round led by WxNW, HBAN’s newest angel syndicate
900,000 players and supporters of 52 sports in Europe, America and Asia benefit from Mayo-based Sportlomo’s service
Marks first investment from WxNW, which aims to double its number of angels from 12 to 24
Investment is part of a targeted push by HBAN to encourage investment in start-ups from West and Northwest of Ireland
HBAN, the all-island organisation responsible for the promotion of business angel investment, today announces the first-ever investment from its newest angel syndicate, WxNW (West by Northwest). The syndicate has backed innovative Mayo-based sports technology start-up, Sportlomo. The €270,000 investment is co-funded by Enterprise Ireland and will see the creation of 25 jobs in the company.
Funding round led by the Halo Business Angel Network (HBAN) Food Syndicate with support from Enterprise Ireland
Investment will support 10 jobs in Soopa Pets over the next three years
Announcement reflects HBAN’s ‘smart money’ approach; combining investment with strategic support
Soopa Pets, which makes healthy dog treats, is expanding into international markets
HBAN, the all-island group responsible for promoting business angel investment, today announces an investment in Soopa Pets, the maker of healthy and nutritious dog treats. The €400,000 funding was led by business angels from the HBAN Food Syndicate, with support from Enterprise Ireland, and will see the creation of 10 jobs in Soopa Pets.
What is Impact Investing?
Impact Investing is a particular type of investment made in organisations, companies and funds that have the purpose of creating social and environmental impact with a financial return on capital, responding to social needs not satisfied. The Third Sector needs of innovative model and of entrepreneurship to find new solutions for the distribution of existing services and also for the construction of new solutions of collective interest.
What is your risk apetite?
HBAN plans to welcome its' newest members with an introductory webinar on Wednesday 13th April. During this short informative session John Phelan, National Manager HBAN, will be discussing the do's and don'ts of business angel investing, as well as how to get the most out of being part of the network.
A competition announced today is offering entrepreneurs the chance to win a share of a prize fund of €70,000, as well as paid positions, office space, business coaching, and two all-expenses-paid trips to Germany.
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.