AEBAN presents its VIII Annual Report on the activity of Business Angels in Spain during the year 2023, prepared by the team of the Business Angels Network of the IESE Business School. This report will explain that the aggregate data of early-stage direct investment activity shows a clear decrease in investment in 2023. This decrease is more significant in mature stage projects, where the scarcity of foreign investment has been especially felt. Find the full report in Spanish and an excutive summary report in English.