South West firms gifted €6m from angel investors

The Irrus and Boole syndicates were involved in ten out of twelve deals and continue to drive angel investments into start-ups across the region

HBAN All-Island director John Phelan said history shows that some of the most successful and innovative businesses are founded during recessions and difficult trading times

Angel investors backed 12 companies in the South West region to the tune of €6 million last year.

Investors associated with the Halo Angel Business Network (HBAN), the all-island organisation responsible for the promotion of business angel investment, and a joint initiative of Enterprise Ireland, InterTradeIreland and Invest Northern Ireland, pumped €6 million into companies into the region last year, with a further €8.5 million leveraged funds raised.