A Peak Year for Both Angel and Venture Capital Investments
The sum of angel investments rose to record levels in 2019, when business angels in Finland invested 54 million euros into a total of 415 startups. This is what FiBAN’s annual investment survey of its members – one of the most comprehensive statistics on angel investment in Europe – finds. FiBAN, which operates in Finland, is one of the world’s largest business angel networks.
The record figures are partly explained by a few exceptionally large individual investments. Often, angels also fund their portfolio companies through follow-up rounds, the number of which was significant in 2019. “We have a community of more than 650 private investors with diverse investor profiles. There is a lot of variation in the investment volumes of individuals who invest their personal wealth,” says Amel Gaily, Managing Director of FiBAN.