– HBAN business angels to invest €10M in regional Irish start-ups over the next three years
– Syndicate has already made 38 investments to the value of €6M
– Syndicate is seeking five additional angels
– Syndicate invests in companies in the ICT, food and manufacturing sectors
HBAN (Halo Business Angel Network), the all-island organisation responsible for the promotion of business angel investment announced last December that investors in its South East Business Angel Network (SEBAN) plan to invest €10 million in start-ups from the region over the next three years.
A joint initiative of Enterprise Ireland and InterTradeIreland, HBAN’s South East-based syndicate has a strong track record of investing; over the last decade, SEBAN has invested more than €6 million in a total of 38 deals. The syndicate has invested across companies in the ICT, manufacturing and food sectors, with a focus on, but not restricted to companies located in, or connected to, the South East.
SEBAN is part of the National HBAN network, and one of the benefits of joining the syndicate is the access to the best investment opportunities from across the island and in a wide range of sectors. The syndicate has only five angel investor places left for its regular investor forums and pitching events. SEBAN is looking to recruit successful business people and entrepreneurs with the knowledge, expertise and insight to enable local start-ups to grow and scale their businesses, and achieve national and international success. It is inviting interested parties to attend one of its regular investor forums and pitching events.
HBAN’s South East angels have a wide variety of backgrounds and are interested in companies from a range of sectors including technology, agriculture, food, manufacturing and tourism. The angels provide not only funding but mentorship, support and access to their networks to assist these start-ups in growing their businesses into success stories.
Aidan Shine, HBAN Coordinator for South East Region, said: “Among other HBAN syndicates, we have a strong track-record of investing in local companies, with more than €6 million invested to date, and plan to invest a further €10 million in South East-based businesses. A key part of our success is the fact that companies that pitch for investment to our angels have been vetted, prepared and confirmed as investor-ready, high potential start-ups by HBAN. We are looking for new members to join SEBAN and access the unique opportunities that HBAN offers its network of angels.
“HBAN is on a drive to boost the amount invested in Irish start-ups by HBAN angels to €25 million per year by 2020. Increasing the number of business angels in the six regional Irish HBAN syndicates is essential to reaching these targets.
“Angel investors fill an important gap in the start-up ecosystem in Ireland, as this type of investment offers support and guidance as well as funding, so it’s smart money. Getting new investors is a priority for HBAN’s South East Syndicate. We would strongly recommend that any potential investors get a real sense of what SEBAN in about by test-driving the experience at one of the regular forums and pitching events.”
For more information on becoming a member of HBAN’s South East Business Angel Group, or for further information on pitching to the group, then please contact Aidan Shine on 051 356300 or aidans@hban.org.
On Thursday, 8th February 2018, HBAN will host its National Conference, Quality deal flow and leveraging the HBAN network, in the Royal Hospital, Kilmainham. The event is Ireland’s only angel investment-focused national conference and is targeted at new angels who are looking for structured and quality deal flow. The event will also be of interest to those looking to invest and create de-risked portfolios with likeminded investors through syndicates.
The conference is open to non-HBAN members who want to see how the HBAN network works, connect with HBAN angels and listen to pitches from high-potential start-ups. Tickets for the conference are priced at €50 (free for members of HBAN) and are available now at www.hban.org/conference