HBAN plans to provide €15m start-up funding by recruiting 75 new angel investors

  • The Halo Business Angel Network (HBAN) has revealed plans to invest up to €15m in Irish start-ups, including those in Northern Ireland, by recruiting 75 new angel investors.

    The start-up scene on the island of Ireland (both Northern Ireland and the Republic) has been booming in recent years, and financial group Halo Business Angel Network has been reaping the benefits of investing here for some time. Now Silicon Republic reports that the group plans to expand its investment in Irish start-ups with a shot in the arm of up to €15m, which will be raised by recruiting 75 new angel investors.

    Recruitment will start at the All-Island Business Angels Conference at Powerscourt Hotel, Co Wicklow, on Thursday February 14th. The conference will include guest speakers such as AMCS CEO Jimmy Martin and Marianne Hudson, the executive director of Angel Capital Association.

    John Phelan, national director of HBAN explained the reason for the Irish expansion, saying "Our aim is twofold, of course, in that we also want to deliver a quality flow of pre-qualified, high-potential investments to our business angels and, for the ecosystem to function at its maximum capacity, ‘we need every player on the pitch."

    Source: Silicon Republic

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