HBAN business angels invest median of €200,000 each in start-ups
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 its latest survey results which found that HBAN business angels have invested a median of €200K each in start-ups on the island of Ireland.
HBAN surveyed 114 business angel investors across the island of Ireland about their portfolios, expectations and plans for the future. It found that the average angel has invested in 6.3 companies. The majority (66%) of angels prefer to invest as part of a syndicate, rather than alone.
HBAN data that shows that the industries that attracted the largest number of angel investors in the last 12 months were ICT and FinTech; MedTech; and Life sciences. The survey showed that in the next 12 months, angels will continue their interest in these sectors, while also considering sectors including engineering, manufacturing and electronics (40%); food, beverages and agriculture (31%); and business services (29%). Survey respondents said that they expect to hold shares in investee companies for an average of 5.5 years.
Of those surveyed, 32% of investors report to have achieved at least one exit. 22%, meanwhile, are currently planning their first angel investment.
“We are delighted to have such a high proportion of first-time angel investors registered with us, which is reflective of the continued growth of the network and the greater interest we are seeing in angel investing.
“One of the primary reasons for this is that angels tend to invest in syndicates, sharing deep domain knowledge across multiple sectors. Those with an interest in investing, and who have industry knowledge that they can impart with start-ups, are realising that they don’t need to be high-net-worth individuals to become angel investors and have a positive impact on the start-up community.
“The survey results also show a strong appetite among investors to back companies operating in high performing sectors. Our MedTech syndicate, based in Galway, has been particularly active recently and we expect this level of activity to increase in the next 12 months.”
If you would like to learn more about angel investing join us for the HBAN All-Island Business Angel Conference on 2nf of Feb.
This news has also been featured in:
- RTE.ie - HBAN business angels invest median of €200,000 each in start-ups
- Irish Tech News - HBAN BUSINESS ANGELS HAVE INVESTED MEDIAN OF €200K EACH IN START-UPS
- Think Business - Irish business angels have invested a median of €200k each
- Head topics - Business angels invest average of €200,000 in start-ups
- Silicon Republic - These are the sectors Irish angel investors are most interested in