HBAN

HBAN (Halo Business Angel Network) stands as Ireland's premier business angel network, operating as a joint initiative of key governmental bodies including Enterprise Ireland, InterTradeIreland, and Invest Northern Ireland. Its core mission is to foster and facilitate business angel investment across the entire island of Ireland by strategically connecting high-growth potential companies with private investors.

HBAN's operational model is unique in that it does not directly invest capital. Instead, it acts as a crucial facilitator, orchestrating the formation and support of angel syndicates. These syndicates comprise multiple private investors who collectively pool their capital and expertise, providing vital early-stage funding to promising startups. HBAN achieves this by organizing a series of investor forums and pitching events, which effectively streamline the investment process for both aspiring entrepreneurs and seasoned angel investors.

The network has demonstrated a significant and measurable impact on the Irish startup ecosystem. Since its inception in 2007, angel syndicates facilitated by HBAN have collectively invested over €160 million, which translates to approximately $172.8 million USD, across more than 700 distinct deals. This consistent activity underscores its pivotal role in bridging funding gaps for emerging businesses. In 2023 alone, the angel investment channeled through HBAN reached €17.6 million, or roughly $19.0 million USD, distributed across 67 deals, further solidifying its ongoing contribution to the venture landscape.

Angel investors within the HBAN network typically contribute between €50,000 and €500,000 per company, often as part of a larger syndicate. This range, approximately $54,000 to $540,000 USD, allows for a flexible investment approach that supports a diverse array of sectors, including technology, life sciences, and consumer products. Beyond just capital, HBAN-facilitated investments frequently include invaluable mentorship and strategic guidance, proving essential for the growth and success of portfolio companies.