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HBAN aims to raise €10m from 50 Irish female angels

Written by Robert McHugh, on 2nd Nov 2018. Posted in Financial

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HBAN (Halo Business Angel Network), the all-island organisation responsible for the promotion of business angel investment, and an initiative of Enterprise Ireland, InterTradeIreland and Invest Northern Ireland, today announces that it plans to recruit 50 new female business angel investors over the next three years.

HBAN will run a series of events to encourage more female investors to invest in ambitious start-ups based on the island of Ireland seeking to expand internationally. The new female investors will bring a combined €10 million of new business angel funds.

To encourage women to become more active as angel investors on the island of Ireland, HBAN will host a female investor masterclass on Wednesday, 21st November at 5.30pm, in Google Dublin. The event is the first in a series of masterclasses for existing, and those interested in becoming, HBAN business angels.

The female investor masterclass will provide an introduction to angel investing including details on making investments, due diligence and syndicate structures as well as an introduction to the HBAN network. Laura Lynch, strategic tax advisor to several HBAN Investment Syndicates will address key considerations on the most tax efficient ways to make, manage and exit investment and give an overview of the syndicate investment process.

The event will also include a panel discussion with experienced investors including PunamRane and Rowan Devereux. The panel discussion will provide an opportunity for the speakers to discuss their angel investing journey, offer advice on successful investments and how to minimise risks.

Attendees will also have the opportunity to listen to some pitches from early stage, innovative start-ups which will showcase the type of investor-ready companies that HBAN bring to the network. The evening will finish with a drinks reception and networking.

Since 2007, HBAN angels have invested €91 million in 436 separate deals. Together with investments from other funds amounting to €149 million, an overall total of €240 million has been put into start-ups in Ireland and Northern Ireland over the last 11 years.

Speaking this week, National Director at HBAN, John Phelan said, "Through conversations with our female angels, female entrepreneurs and other women working within the early stage start-up ecosystem, we’ve identified that a lack of information on the angel investing process, women not being seen as the typical investor, and a predominantly male environment are some of the barriers for women becoming involved in angel investing."

He added, "The purpose of the upcoming HBAN Female Investor Masterclass is to break down these barriers and to encourage more female investors to invest in high potential start-ups. We welcome anyone that is interesting in learning more about becoming an investor, and existing members of HBAN to the masterclass on 21st November."

Source: www.businessworld.ie

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