The Bank of Ireland Kernel Capital Early & Growth Stage Funds have invested €1.7M in Sytorus Ltd, this is in addition to simultaneous investment from Enterprise Ireland and private investors. Established by Dr. John Ghent (CEO), Mike Morrissey (COO) and Hugh Jones (CPO) in 2013, Sytorus’s flagship software ‘PrivacyEngine’ is a dynamic GDPR and Data Protection SAAS product. It provides end-to-end data protection solutions to corporate clients. The Company, with over 50 staff, is scaling rapidly and today has over 300 hundred fee paying corporate clients worldwide. Sytorus has opened offices in Stockholm and London, and this latest investment will facilitate a new office to open in Frankfurt.
HBAN are going to London September 27th with four more great companies to pitch!
As part of the HBAN community, we would like to invite you to join us and to please share this invite with any colleagues/contacts that you have who are based or work in London, and where this event may resonate with or who would be interested in joining a HBAN London Syndicate Group.
Experienced investors have a vital role to play in sprinkling some magic dust on emerging enterprises
HBAN (Halo Business Angel Network), the all-island organisation responsible for the promotion of business angel investment, and a joint initiative of Enterprise Ireland and InterTradeIreland, today announces that a number of the original HBAN investors in software developer Phorest have been bought out for a sum averaging 10 times their initial investment.
Angels talk a lot about mentoring, but how many know what it really means? If you can’t describe what a great mentor does, you’ve probably never been one. A great mentor relationship is actually a pretty rare and special thing. It doesn’t come about all that often, and it’s not something that can be forced.
HBAN (Halo Business Angel Network), the all-island organisation responsible for the promotion of business angel investment, and a joint initiative of Enterprise Ireland and InterTradeIreland, today announces that it was crowned Globally Networked Organisation 2018 at the EBAN (European Business Angel Network) Awards Ceremony held in Sofia, Bulgaria, on Monday 25th June.
CB Insights recently published a study on the most common reasons startups fail. They looked at the cause of death on 101 start-ups and, not surprisingly, "Market," "Cash" and "Team" were major factors. But what might surprise many is that all three of those factors out-ranked "competition" as a source of death. There is an adage that start-ups don’t get killed, they commit suicide. CB Insights' study lends some credence to that idea.
The European Business Angel Network (EBAN), which is the pan-European community for the early stage investors covering over 150 member organizations in more than 50 countries announced its new President today. Peter Cowley, serial entrepreneur, invested investor and UK Angel of the Year 2014-15, has been appointed by the association to take the lead of the organisation for the next two years.
One of the most controversial topics in the startup community relates to the issue of investing through convertible notes vs. investing through preferred stock. Much has been written about this topic for the past decade, and the debate continues to rage in the blogosphere even today.
Enterprise Ireland today launches its 2017 Seed and Venture Capital Report which details the four venture capital initiatives undertaken by Enterprise Ireland in partnership with the private sector. In 2017, the Enterprise Ireland Seed and Venture Capital Scheme supported 87 Irish based companies, with a total investment of €72 million.
There can be tremendous advantages to working with angels in groups. The key is the speed with which an entrepreneur can find her champions. There is more process, but the results justify the effort.
HBAN (Halo Business Angel Network), the all-island organisation responsible for the promotion of business angel investment, and a joint initiative of Enterprise Ireland and InterTradeIreland, today announces that its new London Syndicate plans to invest €3 million in Irish start-ups over the next three years.
First 50 HBAN members to get discount ticket!
The next Halo Business Angel Network’s (HBAN) London Syndicate event on June 13th at 17.30 in Rocketspace, 40 Islington High St, Angel, London. Annually HBAN presents 100 plus qualified deals to the Network and close out between 40 and 50 in any one year. The average angel investment in a deal a €285k, however, due to the syndicated nature of the deals 60% of individuals invest less than €50k per deal, with 30% less than €25k.In our first year with New York and Singapore we closed out 4 and 2 deals respectively and we are aiming to close out 3 to 5 deals with each annually.