DecaWave scoops major European award as super angels come to Dublin for European Business Angel Congress

By Press Release
Tuesday, 20th May 2014
Filed under: Year2014

The 14th annual European Business Angel Congress commenced in Dublin Castle yesterday. The conference is hosted by HBAN, the all-island umbrella group responsible for stimulating angel investment. This is the first time the congress has come to Ireland and it has brought more than 350 elite business angels and investors from across Europe and the US to Dublin.  The congress was opened by the Minister for Jobs, Enterprise and Innovation, Richard Bruton TD. 

The ninth annual EBAN awards ceremony also took place in the Mansion House last night. These awards recognise European business angel federations, networks and investors who have demonstrated excellence and commitment to driving business angel investment over the last year.

The winners included: 
- European early stage investor of the year - Jari Ovaskainen (Finland)
- Most successful business financed by early-stage investors - DecaWave (Ireland)
- Best individual in globally engaging the early-stage investment within the entrepreneurial ecosystem - Baybars Altuntas (Turkey)

One of the highlight presentations of the day, "On the Wings of Angels”, was delivered by award winner, Ciaran Connell, CEO, DecaWave. Ciaran’s fascinating presentation detailed how he managed to secure investment of €20M from more than 171 different angel investors from Ireland, UK, the US and France. 

Other speakers included John Teeling, whiskey distiller, and serial entrepreneur; David S. Rose, “New York’s Archangel”; and Loretta McCarthy and David Beatty from Golden Seeds, the most active angel investment organisation in the US, whose network of 300 investors invest in female led organisations.

Michael Culligan, national director, HBAN said, “It is a privilege to host the European Business Angel Congress and to highlight the important role of business angel investment as an asset class. We are continually working to accelerate business angel activity in Ireland and the speakers and attendees in Dublin Castle are sharing a wealth of knowledge and experience. 

"We were delighted to see a local winner of a major European award. DecaWave is an inspirational Irish success and a unique example of how it is possible to build a well financed business with serious global ambitions, backed by such a large number of angel investors." 

The EBAN Congress 2014 is being supported by, among others, Eversheds, Enterprise Ireland and InterTradeIreland, all of whom are in attendance at the conference.