Rowan Devereux appointed Chair of HBAN’s Bloom Equity angel syndicate

By hban.org
Tuesday, 31st October 2017

Dublin, 31st October 2017HBAN (Halo Business Angel Network), the all-island group responsible for the promotion of business angel investment in Ireland and a joint initiative of Enterprise Ireland and InterTradeIreland, today announces the appointment of Rowan Devereux to the Chair of the Bloom Equity Syndicate. Rowan succeeds Anthony Bermingham as Chair and in his new role, he aims to recruit new angels, build the profile of the syndicate and work with HBAN in selecting high potential start-ups to present at monthly syndicate meetings.

Bloom Equity is a collection of experienced entrepreneurs who have successfully built companies in the technology sector, across areas including software as a service, software distribution, enterprise software, internet and telecoms. Since inception, the syndicate has invested €3 million in more than 20 companies.

Rowan, a well-known entrepreneur, is the founder and managing director of Roznat Investments, a privately held investment company that specialises in angel and early-stage tech start-up funding. However, Rowan is probably best known as the co-founder of multi-award winning Blue Insurances, which created brands such as Annual Multi Trip Travel Insurance, Gadget Insurance and Car Hire Excess Insurance. He successfully sold the business in 2013. In 2011, Rowan was an EY Entrepreneur of the Year Finalist.

Rowan Devereux, Chair of Bloom Equity, said: “I am honoured to be appointed to the Chair of Bloom Equity. Under the chairmanship of my predecessor, Anthony Bermingham, the syndicate has been a prolific investor in high potential start-ups, particularly in the tech space, over the last six years. Anthony has been the lead angel in several Bloom Equity deals which included investments into Bentel, iCabbi and Effective Software among others.

“During my tenure as Chair I’d like to build on Anthony’s great work by increasing the number of high calibre, serial investors we have by 25%. People may not realise it, but angel investing is a suitable alternative to property, and stock market investments, within a structured network like HBAN that vets, prepares start-ups to ensure they are investor-ready.

“I believe that Ireland is the world leader when it comes to innovation. The multi-national companies located here in the tech and pharma sectors particularly, have created a fertile ecosystem for people with the skills, experience and knowledge to set up innovative and exciting companies. This means that there is a consistent supply of great companies pitching at our monthly pitching sessions.”

With a background in fintech and insurance, Rowan has a broad investment portfolio which includes online marketplaces in the Middle East, facilities management software in Australia and a UK-based Global Equine Network. Since joining HBAN, Rowan has invested in a number of start-ups including Corlytics, Kong Digital and Little Vista Software. He is also an avid supporter of Enterprise Ireland’s HPSU matching fund initiative.

Rowan Devereux continued: “Prior to joining HBAN, I spent four to five years as a lone angel investor, and found this very demanding on time and other resources. HBAN provides a structured approach where the support team vets and prepares only high potential start-ups, making the angel investing process much more time efficient and rewarding.”

John Phelan, national director, HBAN, said: “We’re delighted to welcome Rowan as the new Chair of the Bloom Equity syndicate. Rowan has significant experience in angel investing; this along with his motivation and keen business acumen will be an asset to Bloom Equity.”

“One of our key aims for the next four years is to increase the number of active angel investors that we have in our network by 20% per year, and the HBAN syndicates are a vital element to realise this growth. I look forward to working with Rowan to achieve this.

“HBAN is a fundamental part of the start-up eco-system in Ireland. Since inception, 10 years ago, HBAN angels have invested €80 million in Irish companies. Where HBAN adds the value to angel investing is that it identifies high potential start-ups and brings these companies through a process that makes them investment ready. These start-ups go on to present to potential investors at different HBAN-organised investor forums and syndicate meetings.”

If you would like to join the Bloom Equity Syndicate or one of HBAN's other syndicates please call us on 016698525 for more information or submit an application or expression of interest here. 

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