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IRISH ANGEL INVESTORS are reaping the rewards of some savvy investments, with some landing as much as seven times their initial buy-in to Irish tech companies.
New figures released today by the Halo Business Angel Partnership show that some Irish investors are securing many times the standard rate of return that they would expect to achieve, which is usually around 2.5 times their investment.
Investors within the HBAP network put a total of €4.5 million into Irish start ups across 29 different deals in 2013, an increase from the 25 deals brokered the previous year.
The number of investors registering with HBAP has climbed by 12 per cent year on year, with many entrepreneurs who had benefited from investment in earlier rounds now coming on board as angel investors themselves.
Done deals
Network members have invested a total of €25 million across 148 deals since 2007, with an average cash injection of €170,000 per deal.
Headline deals that grabbed the investors seven times the sum they put in include a €430,000 sum put into Mark Little’s Storyful, which was bought out by News Corp in January for €18 million.
20 20 Insights, a loyalty programme and business intelligence developer, also netted its investor a 700 per cent yield.
HBAP national manger John Phelan said: “We see from our portfolio of companies that, on average, revenues have increased 5.6 times since investment and this bodes very well for future performance of angel investments and the return to investors.”
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If it seems to good to be true ,you know yourself
Blowing bubbles is a national pastime these days…
I need to get me some money so that I can invest it and … er … make money… ugh :-(
another one bites the dust … And another’s one gone …. Another ones gone … Aka queen Who’s next I wonder
more money than sense, firing it away, short term gain, long term bubble fail
This investment is high risk, takes a long time to realise and demands a lot of hard work in terms of due diligence. In a stable of 10, 5 might fail, 3 or 4 might be ok and if you’re lucky you get that 1 that makes it all worthwhile. Not for the faint hearted.
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