Funding

Angels invest record-breaking €33m in Irish start-ups

New figures from HBAN show angel investors backed 78 companies last year

Niamh Sterling, consultant, HBAN; and Sean Daly, CEO, CropBiome. CropBiome, a joint UCD and TCD spin-out company, was among the companies to get angel investment in 2022

Angel investors associated with the Halo Business Angel Network (HBAN) have invested €177m in more than 730 companies since it was founded in 2007.

A joint initiative of Enterprise Ireland and InterTradeIreland, HBAN said it has also helped companies leverage an additional €387 million in funding through its activities.

In its annual report published on Tuesday, the organisation said a record €33 million was raised by investors in 78 companies in 2022. The number of ...