SEBANinvestorsaretoinject €10mintoSouthEaststart-ups

AN all-island organisation responsible for the promotion of business angel investment says that investors in its South East Business Angel Network (SEBAN) plan to invest €10 million in start-ups from the region over the next three years.

A joint initiative of Enterprise Ireland and InterTradeIreland, HBAN (Halo Business Angel Network’s) South East-based syndicate has a strong track record of investing and over the last decade, has invested more than €6 million in a total of 38 deals.

The syndicate has invested across companies in the ICT, manufacturing and food sectors, with a focus on, but not restricted to companies located in, or connected to, the South East.

SEBAN is part of the National HBAN network, and one of the benefits of joining the syndicate is the access to the best investment opportunities from across the island and in a wide range of sectors. The syndicate has only five angel investor places left for its regular investor forums and pitching events.

SEBAN is looking to recruit successful business people and entrepreneurs with the knowledge, expertise and insight to enable local start-ups to grow and scale their businesses, and achieve national and international success. It is inviting interested parties to attend one of its regular investor forums and pitching events.

Aidan Shine, HBAN Coordinator for South East Region, said: ‘Among other HBAN syndicates, we have a strong track-record of investing in local companies, with more than €6 million invested to date, and plan to invest a further €10 million in South East-based businesses. ‘A key part of our success is the fact that companies that pitch for investment to our angels have been vetted, prepared and confirmed as investor-ready, high potential start-ups by HBAN. We are looking for new members to join SEBAN and access the unique opportunities that HBAN offers its network of angels,’ he said.