The Halo Business Angel Network has won the the top spot in the Globally Networked Organisation at the European Business Angel Network awards ceremony in Sofia.

HBAN, the all-island organisation which promotes business angel investment, is a joint initiative of Enterprise Ireland and InterTradeIreland.

It secured the European accolade in recognition of the significant expansion of its business angel network with the successful launch of three new syndicates in London, Singapore and New York this year. 

Almost €7m of additional international business angel funding is now available to Irish start-ups, as well as access to the US, UK and Asian markets.

Investors from HBAN's three international syndicates, along with other HBAN angels, have collectively invested almost €3.5m in five Irish companies.

These included investment app Rubicoin, medical device company ProVerum Medical and deposit management service, Deposify. 

Since 2007, HBAN angels have invested €85m in 407 separate deals. 

When the €132m invested by other funds in those deals is added, this brings the overall total of €217m invested in Irish start-ups in the last decade.
 
"The HBAN team is very concentrated on providing not just access to funding, but access to export markets for Irish start-ups," commented John Phelan, national director of HBAN.

"This prestigious award is testament to the work we’re doing to increase the early-stage investment from angels with strong international connections," he added.