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Business angels key to €12m investment in tech start ups, 344 new jobs

The €12m includes €6m from angel investors, with the balance being directly leveraged from organisations such as Enterprise Ireland, venture capital companies and founders.

HBAN 29 business receive investment in 2011, 143 jobs created by end 2012

29 businesses received investment 143 new jobs to be created within 12 months 344 new jobs within 3 years A further eight companies received investment via Halo Northern Ireland “Despite the significant wealth destruction that has occured in this country, these results demostrate that there are still investors with cash and an appetite for the risk/reward opportunities presented by technology start-ups.” Michael Culligan, national director, HBAN April 12th, 2012, Dublin:Halo Business Angel Network (HBAN), the all-island umbrella group responsible for stimulating angel investment, announces that 2011 was a record year for business angel investment on the island.  A joint initiative of InterTradeIreland and Enterprise Ireland, HBAN in partnership with the Irish BICS helped 29 companies raise €12 million, which will lead to the creation of 143 new jobs in 2012 and 344 jobs by the end of 2014.  An incremental €1M (£850K) was raised in eight deals completed by Halo Northern Ireland.
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