European - US Angel Investor
               Groups Mini-Summit




Facts and Figures on the European Angel Market


      ...
About EBAN

                       EBAN
         13 Federations – 250 angel networks +
                 associated members...
Why members join?


Business angel networks/Federations
• European Voice for the market
• Resource Center
• Capacity build...
EBAN focus in the next 12 months

                      CONNECT

           European
             Voice
The importance of BA investing in Europe

   In 2007, seed investments represented 0,3% of recorded VC investments
       ...
« European » Definitions

• Business angels: experienced individuals investing their own
  money in the form of equity int...
Summary of industry statistics


           2007                      EU                                         US
    Ne...
Angel network investment statistics
•   Angels still invest very much locally/at regional level
•   Majority of angel grou...
Current market feedback

             Q1 2009             EU           North America
  Networks
  N business plans receive...
Trends since beginning of crisis mid-08



•Quality of projects received much improved

•Increasing co-investments with ea...
Benchmarking EU/US angel market

               Similarities                  Differences
      Growth of the market      ...
Role of government in Europe


• Fiscal incentives                •   Equity guarantees

  >2 countries have up-front tax ...
Contact details



             EBAN – Brussels Secretariat

               Claire.munck@eban.org

                   info...
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The European Angel Investing Market, Facts and Figures - Claire Munck EBAN Stanford May1809

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The European Angel Investing Market, Facts and Figures - Claire Munck EBAN Stanford May1809

  1. 1. European - US Angel Investor Groups Mini-Summit Facts and Figures on the European Angel Market Stanford School of Engineering May 18th 2009 Claire Munck, Managing Director EBAN – European Trade Association for Business Angels, Seed funds and other Early Stage Market Players
  2. 2. About EBAN EBAN 13 Federations – 250 angel networks + associated members Membership 20.000 angels 27 countries X4 in 5 years 40.000 entrepreneurs Now open to Over 100 seed funds 80.000 website members viewers 8.000 publication readers
  3. 3. Why members join? Business angel networks/Federations • European Voice for the market • Resource Center • Capacity building • Community of peers Early stage and seed VC funds • Gain local knowledge, expertise and networks • Meet potential co-investors • Access sources of potential deal flow
  4. 4. EBAN focus in the next 12 months CONNECT European Voice
  5. 5. The importance of BA investing in Europe In 2007, seed investments represented 0,3% of recorded VC investments in Europe >Different amounts invested >Complementary roles Source: EVCA Year Book 2008 Stage distribution of investments per year
  6. 6. « European » Definitions • Business angels: experienced individuals investing their own money in the form of equity into unquoted high growth enterprises where there have no previous family connection, as well as providing their time, network and competences. • Business angel network: organised entities matching angels and entrepreneurs • Business angel group: loose association of business angels • Syndicate: group of angels investing together in a deal • Federation of business angel networks: associations gathering angel networks/groups at national level • Deal: Investment made in a company (vs.round)
  7. 7. Summary of industry statistics 2007 EU US Networks 297 270 245 Estimate n of 75.000 250.000 angels Investment per 165.000€ 210.500€ round Total estimate 3-5 billion€ 20 billion€ invested annually Total invested by - 4 billion € 20 billion € VC annually in seed (EVCA data) EU INVESTMENT ACTIVITY 25% of US LEVELS Source: Compiled information from EBAN, ACA and Center for Venture Research
  8. 8. Angel network investment statistics • Angels still invest very much locally/at regional level • Majority of angel groups have between 25 and 75 members Steady growth of the angel market (consolidation vs. Development) ICT/Internet/Telecommunication 70% 68% s/Mobile Software/Multimedia 60% 56% ICT still Biotech dominating 50% Creative Industries sector – 40% 41% Energy/Cleantech/Environment 35% 35% cleantech on the 30% Food/Retails 30% 28% rise 23% 22% Retail and services 20% 16% Health related 10% Manufacturing 0% Other
  9. 9. Current market feedback Q1 2009 EU North America Networks N business plans received N new members in groups Current active angel members Members leaving Investment per round Total volume invested N Co-investments Counter-cyclical investment behaviour of angels Great business opportunities- no exit opportunities Source: EBAN, Angel Capital Association
  10. 10. Trends since beginning of crisis mid-08 •Quality of projects received much improved •Increasing co-investments with early stage funds and other investors •Increasing provision of training services for investors and entrepreneurs •Majority of investments still made at regional level •Diversification of investment sectors
  11. 11. Benchmarking EU/US angel market Similarities Differences Growth of the market Size of market Size and stage of investment Syndication/co- Role of public support investment/Capacity building (Entrepreneurial mindset) Sector specific networks Growing interest in cross- Issues with single market state/Cross border activities Difficulty to collect data on Lack of European support the market to data collection vs. Kauffman Foundation
  12. 12. Role of government in Europe • Fiscal incentives • Equity guarantees >2 countries have up-front tax • Business angel loans incentives • Support to awareness >8/27 provide some form of raising: role models, media, support BA week • Co-investment funds • Support contact between • Support to BANs investor groups: BA/VC • Capacity building schemes • Support fluidity of market and exit routes
  13. 13. Contact details EBAN – Brussels Secretariat Claire.munck@eban.org info@eban.org www.eban.org

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