News

HBAN angels drive €1.2M FoodMarble investment round

FoodMarble has developed the world’s first personal digestive tracker, helping users to control food intolerances Funding to be used for R&D and to support expansion into the US and Canada, where the company has deals with Best Buy and Amazon Company achieved €1M in sales in 2019, its first year of sales, and predicts sales of €4M by year-end 2021 Funding follows €160K HBAN angel investment last year

Gray's Clip Closes £350,000 Funding Round From HBAN Angels and CoFund NI

A Northern Ireland start-up which appeared on TV’s Dragons’ Den earlier this year has successfully closed a £350,000 funding round with local business angels to bring its innovative new insulated cable clip to market. Gray’s Clip, run by Lisburn-based co-founders Davy and Julie Gray, secured £250,000 of investment from a group of nine private investors through the Halo Business Angel Network (HBAN) and a further £100,000 from Co-Fund NI, part of Invest Northern Ireland’s Access to Finance portfolio. The company’s product, ViperClip, is a fully insulated cable clip which works with its specially designed battery powered stapler to secure 110v to 240v electrical cables to wooden joists and structures. Both of these products were created and designed by electrician Davy, who knew there was a need for a faster, easier and safer way to secure electrical cables to joists without having to hammer in individual clips. Davy and Julie appeared on the BBC’s popular Dragons’ Den show in March this year and received offers of investment from four of the Dragons, initially accepting an offer from Deborah Meaden.

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

HBAN on Newstalk Business Breakfast

All-Island HBAN Director John Phelan joined Newstalk Business Breakfast Monday June 22nd to discuss how HBAN has adapted to continue pitching throughout COVID-19. He also offered important insights and advice for Irish start-ups and discussed HBAN's plans for the future.

BOATYARD DISTILLERY SECURES SIGNIFICANT INVESTMENT AND ADDS HAND SANITISER TO PRODUCT RANGE IN RESPONSE TO COVID-19

The Boatyard Distillery said today that it has successfully closed a £634,000 investment round through the Halo Business Angel Network (HBAN) from private investors and Co-Fund II. It also announced that it has started producing a new range of hand sanitiser in response to the coronavirus pandemic.

Overwatch Close Oversubscribed Seed Round in Bid to Accelerate Drug Development

Life science software company Overwatch has closed a significant funding round that will accelerate product development and enable the company to grow its existing customer portfolio across both Europe and the USA.

Irish insolvency tech start-up Cerebreon raises €1.69m

Cerebreon, a Donegal-based insolvency tech start-up, has closed a £1.5 million (€1.69 million) seed round led by Delta Partners.

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

Automation & Integration technology company raises €2.7m funding

HOW DATA IS DRIVING BETTER INVESTMENT DECISIONS

Claudine Owens is HBAN Coordinator in NI and Portfolio Manager at Clarendon Fund Managers
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