Highway to heaven: Europe’s angels bless HBAN for €6m funding roadshow

30 Jun 201712 Shares

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Motorway in Cork. Image: gabriel12/Shutterstock

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HBAN racks up mileage, funding and credit as a result of its innovative roadshow.

A heady 48-hour roadshow to raise €6m in funding and recruit angel investors in Waterford, Dublin, Cork and Galway has won HBAN the respect of its European peers.

The all-island group – responsible for the promotion of business angel investment in Ireland – won the Best Business Angel Week award at the European Business Angel Network (EBAN) Gala Dinner awards ceremony in Málaga, Spain.

‘The campaign was successful in helping us to recruit new business angels throughout the island of Ireland and we also raised incredible value in new funding for high-potential Irish start-ups’
– JOHN PHELAN

The programme raised a total of €6m in angel funding, recruited 35 new angels, and raised the profile and awareness of Irish business angels.

Always keep closing

Highway to heaven: Europe’s angels bless HBAN for €6m funding roadshow

From left: Francisco de la Torre, Mayor of Malaga; Julian Seymour, HBAN consultant; Paula Finnan, HBAN team member; and Candace Johnson, president of EBAN. Image: FYCMCA

In addition, two companies – Rubicoin and Glofox – both closed investment rounds following pitches at the roadshow.

Since 2007, Irish angels have invested €73m in 362 separate deals. When the €113m from other funds in those deals is added, this is an overall total of €186m invested in Irish start-ups in the last 10 years.

“Our business angel week – with the roadshow as its centrepiece – was a huge success for us in terms of building awareness of angel investing in Ireland,” said HBAN national director John Phelan.

“The campaign was successful in helping us to recruit new business angels throughout the island of Ireland and we also raised incredible value in new funding for high-potential Irish start-ups.”

Editor John Kennedy is an award-winning technology journalist.

editorial@siliconrepublic.com