News

HBAN Impact Syndicate led €1.6M investment round for Thriftify

Thriftify, which acts as an online retailer for 98% of the country's charity shops, is expanding its workforce with 20 new jobss planned across the tech, e-commerce and sales and marketing sides of the business.

HBAN Invested Company Glofox is Aquired by ABC Fitness

Glofox, an HBAN invested company and one of the fastest-growing fitness management platforms servicing the boutique gym and studio sector has announced it has entered into a definitive agreement to merge with ABC Fitness Solutions (ABC), the leading technology and related services provider for the fitness industry. The strategic combination significantly expands ABC’s global reach and amplifies its ability to serve fitness organizations of all sizes with a company that shares its values, commitment to its teams and customers, and proven track record in developing innovative solutions that allow fitness operators to thrive. The transaction is expected to close later this year.

HBAN-backed CropBiome receives €1.3M investment

HBAN (Halo Business Angel Network), our 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 HBAN angels have participated in an oversubscribed €1.3M funding round in agri-tech start-up, CropBiome. The deal was led by  DeepIE Ventures Management Company Ltd and Our angels from HBAN Singapore and HBAN Bloom Equity syndicate invested €405K in the business,  Enterprise Ireland High Potential Start-Ups Funding.  

Angel Syndication for Deal Leads: Three Syndication Traps to Avoid

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. 

Seemehired.com closes £300,000 investment round from HBAN private investors and funds

Belfast-based applicant hiring software solution business SeeMeHired.com has closed a £300,000 funding round which will be used to fuel further growth of its business across the UK and Ireland.

HBAN’s WxNW Syndicate helps Ronspot raise €650,000 for workplace management platform

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 Kerry Angel Network (KAN) Company Event

We are delighted to invite you to the company launch event of the HBAN Kerry Angel Network (KAN) on 27-November 1pm. To register please click here

HBAN Calls for Increase in Investor Tax Relief to Address Start-Up Funding Challenges

Economic impact of COVID-19 leading to investments in early-stage businesses being delayed, stalled or abandoned In order to stimulate growth and employment, HBAN proposes temporarily increasing EII tax relief to 60% HBAN’S proposal to Dept of Finance also calls for annual amount eligible for tax relief to be increased from €250k to €1m Angel network argues current administration of EII Scheme is not fit for purpose and proposes significant changes in order to incentivise investments Some investors still waiting for tax certificates two years after application

Funding and Business Support

These are uncertain times for both investors and entrepreneurs alike – however even in the downturn there is always opportunity. A quick scroll through twitter will reveal how our community has come together to support each other and the start-up ecosystem in Ireland.

Payslip €2.7m investment perfectly timed to solve Covid19 remote work management

Automation & Integration technology company raises €2.7m funding
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