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Ellie Donnelly - Independent.ie
HBAN’s Business Angel Roadshow raised a total of €6m in new angel funding and recruited 35 new angels in just 48 hours last November
HBAN, the all-island group responsible for the promotion of business angel investment in Ireland, has won the best Business Angel Week award at the European Business Angel Awards.
Angle investment provides capital for business start-ups, often in exchange for a share of ownership in the company.
HBAN, which is a joint initiative of InterTradeIreland and Enterprise Ireland, won the prestigious European accolade based on the success of its Business Angel Roadshow that it held last year.
The roadshow took place over the course of 48 hours in four locations: Waterford, Dublin, Cork and Galway and raised a total of €6m in new angel funding.
“We are delighted to have won this European award that recognises the success of our Business Angel Roadshow campaign,” John Phelan, national director of HBAN said.
Since 2007, HBAN angels have invested €73m in 362 separate deals.
When the €113m invested by other funds in those deals is added, this is an overall total of €186m invested in Irish start-ups in the last 10 years.
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