Start-Up Investors Manifesto
A brief guide to grow early stage investment to
€15 billion and generate 1.5 million new jobs by 2017
Startup investors from across Europe compiled a 15-actions manifesto that aims to change the European early stage investment landscape. Actions and policies proposed address the following areas:
1. Inspiring a co-investment culture amongst different market stakeholders
2. Taxes as drivers for innovation and reallocation of funds
3. Increasing market liquidity to avoid equity gaps
4. Raising awareness and changing mindsets towards a favourable risk culture
5. Making investment easier and clearer for both businesses and investors
Considering the major role of policy makers in the implementation of many of the proposed actions, it is worth noting the public support addressed by the Vice-President of the European Commission for the Digital Agenda Neelie Kroes who claimed "business angels have an essential role to play ensuring finance for small businesses across Europe". [see video]
According to Candace Johnson
, President of EBAN and one of the signers of the document, "the Startup Investors Manifesto is a landmark document for Europe in that it is the first time different early stage investors join together to outline a common strategy to attain a single market for startup investment".
Be great at what you do: help boost the reach of this initiative by mobilising your community.
Sign the Manifesto!
Angel Investment grows to €5.5 billion...
Business angels' investments increase 8,7% in 2013
The 2014 edition of EBAN's research reveals market growth in all early stage investment areas with particular highlight to angel investment activity which grew both in amounts invested as well as in number of deals funded. Amongst the most relevant findings of the data collection, we emphasise the fact of 97% of deals were subject to any sort of co-investment, with clear preference for co-investment with other business angels. Learn more with the summary presentation
...and its impact is well beyond expectations
EBAN, in partnership with Deusto University
and Business Angels Network Crecer+
, conducted a groundbreaking research on the economic impact of angel investment. According to the researcher Lourdes Moreno
and building on the data collected from 1661 startups across Europe that have received angel investment, the impact of angel investment goes well beyond previous expectations. Amongst the most significant results we learn that in three years
funded companies increase their employees by 231,1%
and their revenues and assets by over 150%
. More information can be retrieved in the presentation delivered at the EBAN Congress
14th EBAN Congress | Global Learnings in a Nutshell
By many considered as the best EBAN Congress ever, the gathering in Dublin was for the least a privileged concentration of leading investors and early stage investment experts. Check below some of the resources and results of the Congress:
9th Annual Awards
Alongside the 14th Annual Congress, EBAN selected the most remarkable players who have demonstrated excellence and commitment to driving business angel investment over 2013. The distinguished award-winners were:
European early stage investor of the year: Jari Ovaskainen
. Two major milestones on his credit: exists from Iobox in 2000 (€230 Million) and Supercell
in 2013 (€1.1 Billion).
Most successful firm financed by early stage investors: DecaWave.
Decawave is a semi-conductor company operating in micro-location (indoor GPS) with origin in Ireland and France which was able to raise investment from 171 business angels since 2007.
Best individual in globally engaging
early stage investors within the entrepreneurial ecosystem: Baybars Altuntas
for his commitment in representing both angel investors and entrepreneurs in multiple events and initiatives across the Globe.
Best EBAN member: Business Angels Copenhagen
. BA Copenhagen is a top performing network with 87 investments and 14 exits in 2013 which demonstrates a positive progress following the membership with EBAN.
Best EBAN newcomer: Estonian Business Angels Network
. Angel activity in the Baltics has seen a considerable boom since EstBAN was created. In its first full operating year EstBAN counted 4,6million Euros of investment into 83 companies and managed to exit 17,6% of the businesses.
Best European Business Angel Week Initiative: Greece/ Startech Ventures
. Greece not only joined the 1st European BA Week as its angel investors took the opportunity to create the first Greek Business Angel Network.
The Awards Ceremony also distinguished the following personalities for their commitment with the European early stage investment sector:
Richard Pelly, former CEO of the EIF for the launch of the European Angel Fund initiative
Paulo Andrez, President Emeritus of EBAN
Albert Colomer, Lifetime achievement
Francisco Banha, Lifetime achievement
Michael Culligan, Host of the EBAN Congress
EBAN welcomes 5 new members!
MIF Advisory, Belgium (Network)
MIF is an independent corporate finance and business development firm offering variety of services to a wide range of clients, from early-stage start-ups, through growth companies to established players and financial investors at both national and international level.
Mena Apps, Jordan (Business Accelerator)
Mena is a Business Accelerator which aims to provide entrepreneurs with an incubator-like logistic support. Initial investments are provided through the MENA Apps Seed Fund, while additional investment can be provided through the MENA Apps’ global network of angel investors.
Redalpine Venture Partners, Switzerland (Early Stage Fund)
Redalpine provides venture capital to highly scalable European startups. Our mission is to help talented entrepreneurs turn an ambitious vision into reality by providing money, experience, coaching and door opening: early stage investment by entrepreneurs.
CorkBIC, Ireland (Network)
CorkBIC is a private-sector led organisation, specifically set up to identify & build knowledge intensive companies. It also helps entrepreneurs the minefield of raising finance, sorting out business propositions, arranging agreements with shareholders and investors.
Martijn Blom, Netherlands (Affiliate Member)
Martijn is a social entrepreneur and informal investor, co-founder of De Investeerdersclub and co-author of the ‘Handboek Informal Investment’. He is currently advising on the set up of a Social Impact Fund.
EBAN Members & Partners' News & Updates
13x Return for LBA and its Associates From Partial Exit in Brandwatch
LBA Angel investors and its Associates from a deal that goes back to 2007 have been able to realise a partial exit on up to 30% of their initial £500k seed investment at a circa 13x multiple.
Media Deals Leads "Connect Investor Club"
The Club - which already counts a few members of EBAN - is open to other members interested in accessing investment opportunities across Europe in the content and digital networks’ sector. The Club aims at develop some syndicated investments at the cross-border level in the content and digital networks’ sector.
Why Angel Funding Matters | One Startup’s Perspective
DynaOptics is an innovative startup backed by Sierra Angels who led the investment. Co-founder and CEO Li Han Chan talked to ACA about the importance of angel investing to their business.
The Finish software venture Holvi managed to partner up with Austrian Speedinvest; the business angel fund invested approximately one million euros in the banking services firm and wants to support its expansion throughout Europe.
Lower European angel investment deal volume was made up for by an increase in aggregate deal value in May - totaling 14 transactions with a combined worth of EUR 62 million.
EARLY STAGE MARKET
Female Francophone Entrepreneur Award
This award is targeted to foster Women Entrepreneurship and consists of a prize for the sum of €13,500, in parallel to
a mentorship to develop the business proposal.
Call for expression of interest - Business coaches
The coaching support will focus on developing organizational capabilities to equip the beneficiaries with the necessary skills to ensure commercial growth based on the company’s SME Instrument project. The role of the business coaches is to provide business coaching and leadership development support to companies. Read the text of call for expression of interest before applying
An annual survey, undertaken on behalf of the EVCA by PEREP Analytics, collects comprehensive and robust activity data on fundraising, investment and divestment from about 1,800 private equity and venture capital firms in Europe. Data is updated quarterly and may be subject to change.
US: The Angel Investor Market in 2013: A Return to Seed Investing by Center for Venture Research.
The angel investor market in 2013 continued the upward trend started in 2010. Total investments in 2013 were $24.8 billion, an increase of 8.3% over 2012, according to the Center for Venture Research (University of New Hampshire).
Spotlight on the Market is a research report released by J.P. Morgan and the Global Impact Investing Network (GIIN). The report reveals market growth amidst greater government support, new product and fund launches, and widespread impact measurement.