HBAN Investor Hunt To Raise €6m In 48 Hours

06 Oct 2016 | 09.56 am

HBAN Investor Hunt To Raise €6m In 48 Hours

The group is holding roadshows in four cities from November 9

06 Oct 2016 | 09.56 am

HBAN, the business angel investment promoters, will launch a concerted new hunt for willing investors from November 9, with the aim of raising €6m in 48 hours.

The hunt-cum-roadshow will kick off in Dublin, before moving to Cork, Waterford and Galway. HBAN hopes that an additional 27 investors with combined funds of around €6m – up from €3m in a similar venture last year – will sign up to become members of the its business angel network.

During the roadshow, which can be attended by pre-registered members of the public and potential angels, HBAN will share information on what is required to become a successful business angel investor. It will also provide the opportunity for prospective angels to network with HBAN’s existing angels.

Industry expertise of interest to HBAN includes IT, telecommunications, food and beverages, digital marketing, medtech, agritech and nutraceuticals.

Startup Pitch

The roadshow will also give 12 startups the chance to pitch to current business angels, as well as angel syndicates, for their investment and expertise. Combined, the companies are seeking more than €10m in funding.

John Phelan, national director of HBAN, said: “The Business Angel Roadshow gives us a chance to show potential investors the value of angel investing and the quality of deal flow that HBAN provides to the network.

“There are thousands of early-stage companies in Ireland looking not just for funding, but also the right expertise to help them scale. We have seen ourselves how valuable angel investing is to companies and now we need more angels to invest in Ireland’s promising start-ups and our economic future.”

HBAN (Halo Business Angel Network) is a joint initiative of InterTrade Ireland and Enterprise Ireland, tasked with all-island promotion of business angel investment. It is managed by Dublin BIC in partnership with the regional Irish BICs in Cork, Galway and Waterford.

Photo: John Phelan, HBAN (left), with business angels Conor Kinsella and Colm Healy

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