For companies seeking to raise new equity capital in the seed and early stages of the company’s development, business angel finance may be more suitable than venture capital funding.
Business angels are high net worth individuals who invest on their own, or as part of a syndicate, in high growth businesses. In addition to money, they often make their own skills, experience and contacts available to the company.
The individual amounts invested by Business Angels are usually in the range of €25,000 to €250,000 although syndicated deals (where a group of angels invest together) can be up to €1m. In return for their investment they take an equity stake in your company and usually expect to exit their investment between 3 and 7 years. They are often successful entrepreneurs in their own right and may even work to strengthen your management team.
We offer a range of supports to help you get ‘investor ready’ and access business angel networks. You may have access to angels through your own personal contacts or you may choose to contact the various Halo Business Angel Networks which are based across the island of Ireland.
We fund and support several angel networks together with Invest NI and Enterprise Ireland.