European angel market grows 19% in 2012
EBAN logo
July 2013*
Flash #90
European angel investment statistics for 2012 by EBAN

€5.1 billion market shows European angels on the rise!

Angel investment grew 19% in Europe in 2012
The European angel market recorded a consistent growth in 2012 breaking the 5 billion Euros barrier. The data, revealed by EBAN and collected through EBAN members and credible sources across Europe (eg. government agencies, BvD...), also shows an increased number of Business Angels (BA) and Business Angel Networks (BAN). This growth is mostly due to an increased activity in the 10-30 million investment range markets with a particular highlight to countries such as Finland (+42%), Ireland (+61%) and Turkey (+116%). On the more established markets we notice a significant increase of the activity in the UK (12%) and Spain (5%) while France angel investment falls 10%.

EBAN highlights the impact angel investment is having in the economy, with an estimated number of 17.881 jobs created from investments held through BANs (visible market) in 2012. From the data collected, it is evident that the more angels are attracted to the market, the more start-ups are supported revealing a market failure (capital supply), a challenge EBAN is committed to address by identifying and educating new generations of angel investors.

Download the EBAN Statistics 2012
Infographic
Presentation 
 
 

EBAN signs MoU with the European Mutual Guarantee Association (AECM)

http://www.eban.org/wp-content/uploads/2013/07/agreement-EBAN-AECM.jpg
Jose Fernando Figueiredo (President of AECM) and Paulo Andrez (President of EBAN)

AECM and EBAN have agreed on a strategic relationship between the two organisations to increase the range of instruments mixing guarantees and equity investment. AECM members issued 25 bn EUR in guarantees and held a portfolio of 79 bn EUR in 2012 which makes this a very interesting market to be further explored in the perspective of angel investors. The partnership was signed and announced on June 21st in Rome during AECM's annual Conference which featured, among others, Richard Pelly, the President of the European Investment Fund. The goals of this partnership signed in Rome are:
- Identify best practices of mix instruments with guarantees and equity investments in Europe and beyond;
- Suggest those best practices and new possible instruments combining guarantees and equity to the European Commission and to European countries, in particular. 
- Exercise a lobby action to implement those instruments within already existing European instruments and at member states level.

 

Guest post: Introduction to Impact Investing

Frédéric Théate, member of Impactory and National President 2013 of JCI Luxembourg writes on his learnings from the training held by Maximilian Martin (Impact Economy) at the EBAN Congress in May. We invite you to read through his guest post where angels have a key role to play. [read article]


EBAN collaborates with World Economic Forum to foster innovation-driven entrepreneurship in Europe

EBAN participated in the latest WEF meeting focused in regional agenda to identify new solutions to improve access to capital of European entrepreneurs and SMEs. The meeting which took place in Berlin on July 3rd gathered practitioners from the investor and entrepreneurial community committed to contributing to an innovation-driven entrepreneurial Europe and will continue meeting as a preparation for the annual high-level conference in Davos.


Macedonia: in the dawn of angel investing


EBAN's Director of Secretariat, Luis Galveias and Ilija Vuckov (EMKICE) met with Andrej Lepavcov, Macedonian Ambassador to the EU in Brussels and with his Chancellor, Trajce Rushev, to present a set of policy recommendations to stimulate Macedonian angel investment community which is featuring a starting business angel network in an already very attractive local tax environment. The meeting was also an open invitation to support the "Awaking Macedonian Angel Investment Scene" event scheduled to take place during the European Business Angels Week (18/24 November 2013).


EBAN welcomes SISP

SISP, Swedish Incubator & Science Park, Sweden (Associated)
SISP has joined EBAN as an Associated member interested in seed funding. SISP defines itself as the member-based association of Sweden’s incubators and science parks. SISP’s 65 members act as nodes in regional Swedish innovation systems and together operate almost 80 innovation environments.

EBAN Partners' Updates


How important is previous business experience to a VC or angel when investing in a start up?
David Rose, Gust's CEO answers: "Yes, investors reasonably and legitimately look for startup experience (in my book, it’s the third most important thing after integrity and passion), but we also routinely bet on first timers if (a) we think we can spot the seeds of entrepreneurial greatness, and (b) are prepared to devote the required time and personal attention that we know it will take. [full answer]

Zephyr: Dexplora funding round helps software sector to remain popular with angels
«As things stand, business angel activity in Europe looks to be experiencing a number of peaks and troughs in terms of value, with June looking likely to be down slightly on May’s results (June to date: EUR 26 million; May: EUR 34 million)»


      EBAN Partner
Gust - venture forward
EBAN Research Sponsor


News


EBAN MEMBERS

LBA: Establishment and recapitalization Loan Fund Support for Innovation
Lewiatan Business Angels informed EBAN about the new call for proposals for "Establishment and recapitalization Loan Fund Support for Innovation" launched by the Polish Agency for Enterprise Development on July 2nd. The new scheme gives start-ups access to a loan at special interest rates contributing with 2€ for every 1€ raised of angel or VC investment into the business. Additional information is available in Polish in the following link.

PYMWYMIC facts and figures
Since the start of 2013, PYMWYMIC has screened 96 credible companies; moved to 3rd stage screening on 22; presented 47 additional enterprises at Impact Days & Pitch; and hosted 7 companies to raise funds at dedicated Investor Tables. 

London Business Angels syndicate closes £150k SEIS investment into Stylechi
Seed stage, London based, social e-commerce specialist, Stylechi (www.stylechi.com) has closed a £150k SEIS investment from a syndicate of London Business Angel investors, including a £35k investment by the LBA SEIS Fund 2012 fund.

UK Business Angel Institute
The UK Business Angel Association together with UK based Angel News have launched the UK Business Angel Institute looking at creating and unifying standards and professionalisation in UK Angel Investment. This new Uk Business Angel Institute will provide private investors and their advisers with tools to build and develop angel investing skills, both for those new to angel investment and for those interested in further professional development.

Herdem&Co awarded Franchise Law Firm of Turkey-2013
Herdem&Co Attorneys at Law was recently awarded Franchise Law Firm of Turkey-2013 by UK's Finance Monthly publication. Herdem&Co is currently launching the Legal Committee of EBAN and is strongly committed to closer angel investing and legal experts for safer investments.


EARLY STAGE MARKET

New BAFA scheme in Germany gives investors 20% cash back
The new investment incentive for business angels launched on May 15th by the Federal Office of Economics and Export Control is open to investors from any EU country and rewards angels with 20% of the investment in cash (up to 50.000€). The goal of this initiative is to improve the financing conditions of young and innovative companies. For additional details visit BAFA's dedicated website (available in German only).

Frank Peters interviews EBAN Board Member Hedda Pahlson-Moller (Luxembourg BAN) and Michael Culligan, leader of Ireland's HBAN and host of the next EBAN Congress (May 2014).

European private equity firms to share data (source: Real Deals)

Financial Directors boost technology start-ups' growth prospects (source: Accountancy Age)

ACT4Growth is a European Citizens' Initiative (ECI) proposing four specific policy interventions to increase female entrepreneurship in the European Union as a strategy for economic growth. Sign up to reach the 1 million required signatures.

VIDEO: 'Business angels' fund French start ups (source: BBC)


RESOURCES

Making Impact Investible
«Estimates indicate that impact investing could become a new asset class or investment style that will grow to USD 1 trillion by the end of the decade.»
EBAN member Impact Economy Working Papers (Vol. 4) by Maximilian Martin.

World Economic Forum/ Europe: Global Growth Company CEO Workshop Series: Innovation, Entrepreneurship and Global Growth, May 2013

World Economic Forum: The Green Growth Action Alliance: Progress Report from the First Year of Catalysing Private Investment, June 2013

EIF Working Paper n. 18: European Small Business Finance Outlook, June 2013


EBAN Gold Members

Aktif Bank - EBAN Gold Member HERDEM&Co. - EBAN Gold Member  







EBAN membership categories

Full members
- Business angel networks, federations of networks set up to promote the angel market, business angel groups, angel funds or angel syndicates;
- Early stage venture capital and seed funds

Affiliate members 
- Business angels/private individuals

Associate members 
- Other non-investing market players)

For additional details and to apply for EBAN membership please follow this link.

Restricted to EBAN Members

Some of the opportunities below may be restricted to EBAN Members.

Call for Trainers
EBAN is looking for experts interested in joining EBAN Institute's pool of trainers. Would you be willing to apply, please send your application form together with a CV and other supporting documents to info@eban.org

Save the Date: 12th Winter University Moscow

 


 


Raising Business Angel Investment - European Booklet for Entrepreneurs by EBAN and HBAN

Raising Business Angel Investment - European Booklet for Entrepreneurs

Request your copy and share it with your community to increase the quality of your deal flow. Would you be willing to have this guide translated into your local language please ask the Secretariat for contract procedures.
 
 

Upcoming events from the EBAN community


11 July
Go Beyond – Awareness Seminar, Investment Event and Group Meeting
Paris, France

16 July
InnoBAN Investment Forum
Vigo, Spain

20 August
FiBAN – Finnvera Extra Event Pitching
Helsinki, Finland

18-21 September
19th International Conference on Small and Medium Enterprises (ICSME)
Durban, South Africa 

17-18 September
Exits: Startups
San Francisco, USA
Special conditions for EBAN Members

2-3 October
12th EBAN Winter University
Moscow, Russia

18-24 November
European Business Angels Week


European Early Stage Investors Atlas


Presence of EBAN at events across Europe


Paulo Andrez at ESADE event
Paulo Andrez speaking at ESADE BAN and ESADE Alumni workshops in Barcelona.


3/06
Luis Galveias participated as speaker in the Crowdfunding Workshop organised by DG Internal Market and Services in Brussels, Belgium.

4-5/06
Ari Korhonen participated as speaker in the Nordic Business Angels Training & Dinner held in Helsinki, Finland
 
12/06
Luis Galveias and Ilija Vuckov (EMKICE) met with Andrej Lepavcov, Macedonian Ambassador to EU in Brussels, Belgium.

18/06
Paulo Andrez presented "Trends on early stage investing in Europe" at ESADE BAN and ESADE Alumni events in Barcelona, Spain.

19-20/06
Michael Culligan (HBAN) represented EBAN at the Digital Agenda Assembly 2013 held in Dublin, Ireland.

20/06 
Luis Galveias attended Stakeholder meeting on Financial Instruments on Cohesion Policy 2014-2020, Brussels, Belgium.

21/06
Paulo Andrez participated as speaker in the AECM Seminar EU SME support programmes 2014 - 2020 in Rome, Italy.
 
3/07
Paulo Andrez participated in a workshop about co-investment held in Lisbon, Portugal, in the context of EMINVEST project.

4/07
Luis Galveias participated in the discussion of the "Best Practices and Measures in Fostering Innovation-driven Entrepreneurship in Europe" organised by the World Economic Forum in Berlin, Germany

16/07
Paulo Andrez will present "Trends on early stage investing in Europe" at InnoBAN's Investment Forum in Vigo, Spain.

24/07
Paulo Andrez will present at "I love Europe, Why? The Single Market' on the occasion of Lithuanian Presidency of the EU Council in Vilnius, Lithuania.

 



* EBAN Flash is from July released in the beginning of each month.

EBAN - The European Trade Association for Business Angels, Seed Funds, and other Early Stage Market Players

Rue Vautier 54 | 1050 Brussels | Belgium

T: +32 2 626 20 61
F: +32 2 626 20 69

www.eban.org
info@eban.org


Copyright © EBAN, All rights reserved.
Should you be interested to contribute with news or opportunities for our members in the next Flash, please send an e-mail to luis.galveias@eban.org. We also welcome your comments and suggestions.


 Follow the EBAN Group in LinkedIn

Email Marketing Powered by Mailchimp
unsubscribe from this list | update subscription preferences