HBAN Scoops European Business Angel Network Award

The Halo Business Angel Network (HBAN) has been crowned Globally Networked Organisation 2018 at the European Business Angel Network (EBAN) Awards ceremony in Sofia, Bulgaria. The joint initiative of Enterprise Ireland and InterTradeIreland was awarded the accolade in recognition of the expansion of its business angel network with the launch of three new syndicates in London, Singapore and New York this year.

Investors from HBAN’s three international syndicates, along with other HBAN angels, have collectively invested almost €3.5 million in five Irish companies, including investment app Rubicoin, medical device company ProVerum Medical and deposit management service Deposify. These investments leveraged a further €7.5 million from other private funds, bringing the total invested in these companies to almost €11 million.

Commenting on the initiative’s work, John Phelan, National Director of HBAN, said: “Expanding HBAN’s global influence through the creation of a driven international network has been a key focus for 2018. Building on the momentum of the New York, London and Singapore syndicates launches and are in the early stages of engagement with two more potential international syndicates that we plan to announce in the coming months. HBAN is the only business angel network in the world concentrating on developing a diaspora network of international syndicates.”

Pictured above: John Phelan, National Director, HBAN; Candace Johnson, EBAN President; Albert Colomer, BANC Director; and Sarah Cagney, Communications and Relationship Manager, HBAN