New HBAN business angel investment initiative launches in Northern Ireland

  • A new angel investor syndicate has been launched in Northern Ireland with the goal of increasing the level of investment being made in high-growth businesses.

    The Halo Business Angel Network (HBAN) has launched the new "HBAN Business Angel Syndicate" in Northern Ireland, bringing private investors together to support early-stage startups with high growth potential. The syndicate has been in operation for just six months but has already led to five significant deals from business angels.

    Among those businesses to benefit from the syndicate's investment are disruptive sports facility booking firm Pitchbooking, local cyber-security firm Uleska, and hair care product development company We are Paradoxx. These investments were managed by Clarendon Fund Managers, which has been appointed to manage the HBAN Business Angel Syndicate in Northern Ireland.

    We named Uleska one of five companies making waves in the NI tech scene back in December with its Secure Design product automatically inserting cyber-security protections into software during development. Since then both Uleska and Pitchbooking have secured significant investment to take their businesses to the next level.

    Bryan Keating, chair of the HBAN Business Angel Syndicate, spoke about the syndicate: "Many companies in Northern Ireland have benefitted from the investment of individual or small groups of business angels, but we believe that bringing active investors together in a larger syndicate or forum creates new opportunities for joint investment and also gives early stage companies access to a pool of expertise that can greatly benefit their business."

    HBAN Business Angel Syndicate Regional Director Jim Curran explained the types of businesses that could most use the Syndicate's help, saying "The Syndicate is targeting businesses who are seeking investment rounds of up to £500,000 and we have also established the Investor Forum for a wider group of investors out there who are keen to support companies at a lower but still significant investment level."

    The next HBAN Forum event is scheduled to take place at the Ten Square Hotel on Wednesday 3rd April. To register your interest or find more information about the event, head over to https://www.hban.org.

    Source: Written based on press release

    About the author

    Brendan is a Sync NI writer with a special interest in the gaming sector, programming, emerging technology, and physics. To connect with Brendan, feel free to send him an email or follow him on Twitter.

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