In 2012, European angel investment reached a significant milestone with a market growth of 19%, revealing 460 identified business angel networks and 26,000 active business angels. The investments funded 2,913 companies and created nearly 17,881 jobs, with an average investment per company around €174,800. Despite this growth, European angel investment still represents only 30% of the activity seen in the US market.

1. European Angel Investment Overview
2012
www.eban.org info@eban.org

2. Key learnings
• 5 billion Euros barrier reached
• 19% visible angel market growth(
• 460 business angel networks identified
• 26k business angels operating through BANs
• Fast growing markets: Finland, Ireland and Turkey
• 2.913 companies financed and 17.881 jobs created(1)
• For every 100 BAs, 16 companies get funded
BA – Business Angel
BAN – Business Angel Network
(1) Recorded through BANs only

3. Introductory note
• Sources:
– Direct statistics provided by EBAN Members
– Deals published by investors
– Published information from credible sources (eg.
government agencies, Bureau van Dijck…)

4. Number of BANs in Europe
286
BANs from which data was collected
298

5. Amount Invested by BAs members of BANs
(M€)
Extrapolated to
existing networks
Directly observed
329
179
298
129
427
509

6. Amount invested:
Size of Visible/ Invisible Market
4.745 M€ 5086 M€
427
M€
509
M€
2011 2012
Visible Market
9% 10%

7. Amount invested: size of market
European angel investment still represents only 30% of US activity

8. Number of BAs* in BANs
241.444
261.054
2011 2012
“formal” market
9% 10%
21.730 26.105
*BAs who made at least 1 investment in the past 3 years.

9. Investments made and Angels operating
through BANs
MillionEuros

10. Average investment amount by BANs
(k€)
Average = 1,1M€
7100

11. Visible market growth/ decline
(amount invested)
838%
250%
175%
116%
Light areas: markets with <10M€ of investment

12. Impact in the economy
Exclusively observed through BANs
Companies Financed
2.913
Jobs Created
17.881
Average Investment per Company €174.800
For every 100 Business Angels, 16 companies get funded

13. EBAN - The European Trade Association for Business Angels,
Seed Funds, and other Early Stage Market Players
Rue Vautier 54 | 1050 Brussels | Belgium
Tel.: +32 2 626 20 60
Fax: +32 2 626 20 69
info@eban.org
www.eban.org