HBAN (Halo Business Angel Network), the all-island umbrella group responsible for stimulating angel investment, today announces that the newly formed business angel Food Syndicate has invested in its first company, Elivar.
Elivar has raised €700,000 from multiple sources including the HBAN food syndicate, Enterprise Ireland and other private investors, to support the ongoing development of its sports nutrition products and brand.
Irish company, Induction Manager, has raised €400,000 investment to support its growth strategy. Business angel investors from Boole Investment Syndicate provided €100,000 of the investment, with the remainder raised from Enterprise Ireland and other private investors.
Groups are the future for angel investing says research study from the university of Glasgow. Entrepreneurs looking for risk capital to fund growth will need to get to grips with the rise of the angel group, according to the latest research by leading academics into business angel activity.
Attracted by the rude health of the tech economy, wealth that has remained in Ireland following the property bust is homing in on the start-up scene. That focus is fostering a buzzing angel-investor community, aided and abetted by strong seed-funding activity.
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.