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HBAN recruited more than 100 new business angels in 2019

Written by Robert McHugh, on 17th Jan 2020. Posted in Financial

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HBAN (Halo Business Angel Network) has today announced that it recruited more than 100 business angel investors last year – significantly higher than its projected 75 new angels. 

Halo is the all-island organisation responsible for the promotion of business angel investment, and an initiative of Enterprise Ireland, InterTradeIreland and Invest Northern Ireland, The organisation is now aiming to sign up a further 100 angels in 2020, with its recruitment drive kicking off next month at HBAN’s All-Island Conference.

HBAN say that business angel investment is continuing to grow across the island of Ireland and in December last year, HBAN announced that its members have now invested more than €100M in start-ups since 2007. This represents a doubling of the €50M figure reached in 2015 thanks to increasing angel numbers and activity.

Through its 2020 recruitment drive, HBAN aims to sign up 100 angels with €20M available to invest in Irish start-ups. This will begin at the All-Island Conference in Powerscourt Hotel, Wicklow, on Thursday, 6th February 2020.

Under the theme of ‘driving value with exits and data’, a series of talks, panel discussions and masterclasses will provide attendees with the skills and knowledge they need to build a lucrative portfolio. 

Speaking this week, all-island Director at HBAN, John Phelan said, "The average angel investment on the island of Ireland is €25K, so many people are discovering that angel investment isn’t just an activity reserved for high-net-worth individuals. The All-Island Conference is all about giving prospective investors the confidence and knowledge to become successful angel investors. Of course, everyone wants to achieve as many exits as possible, so this year’s conference will show how the clever use of data can yield better returns for investors and the companies in which they invest."

Source: www.businessworld.ie

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