FiBAN - 10 years of Inspiring Private Investments - Book - Page 30
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Data
“Companies funded by
business angels 20132016 have created net
1996 new jobs. For
every 1 M€ invested by
business angels, that’s
19 new jobs.
Investments per sector 2010-2019
FiBAN members invest in all industries. While most angels focus on sectors that they themselves understand
well, many are also sector agnostics, investing in lucrative opportunities across all industries. Business Services and Healthcare & MedTech have been the most popular industry sectors among FiBAN members.
Oscar Björklund, Investment Analyst, FiBAN
Average revenue change of startups 4-6 years after
receiving funding or pitching at Pitch Finland and not
receiving funding
Based on the data, startups backed by angel investors
have increased their revenue, on average, more than
those that failed to receive angel funding. 4-6 years after receiving an investment, 17 % of startups have grown
their revenue by more than 1 M€, compared to only 6 %
of startups that pitched at Pitch Finland but did not secure funding that year. The sample includes 432 startups that received angel funding 2013-2015 and 239
startups that pitched at Pitch Finland 2013-2015 but did
not secure funding that year.
For every 1 M€ invested by Finnish business angels, 19
new jobs are created
This number is reached by investigating investments
from 2013-2016. During that period, 105 M€ was invested into 490 unique companies in both initial rounds and
follow-up rounds. For all 490 companies, the number
of employees in the year of the initial investment was
compared to the number of employees in 2019. Summing the difference between employees in 2019 and at
the initial investment, the net number of jobs created
is 1996. Observe that this analysis does not control for
other types of funding, such as VC-funding, which may
coincide with angel funding in follow-up rounds.
Source: FiBAN
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