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HBAN business angels invest median of €200,000 each in start-ups

Great to see strong angel investment across the island of Ireland. The recent HBAN (Halo Business Angel Network) report indicates that the median investment by HBAN (Halo Business Angel Network) angels across the island of Ireland is €200,000.

A new survey from the Halo Business Angel Network shows that HBAN business angels have invested a median of €200,000 each in start-ups on the island of Ireland.

(see pictured above John Phelan, the all-island director of HBAN)

HBAN, the all-island organisation responsible for the promotion of business angel investment, is a joint initiative of Enterprise Ireland, InterTradeIreland and Invest Northern Ireland.

HBAN surveyed 114 business angel investors across the island of Ireland about their portfolios, expectations and plans for the future.

"Angel investing is high risk, but it can be extremely rewarding and that is why we see business angels investing in multiple start-ups," commented John Phelan, all-island director of HBAN.

He said that HBAN was delighted to have such a high proportion of first-time angel investors registered, which he said is reflective of the continued growth of the network and the greater interest seen in angel investing.

"Those with an interest in investing, and who have industry knowledge that they can impart with start-ups, are realising that they don't need to be high-net-worth individuals to become angel investors and have a positive impact on the start-up community," he added.