Angel Investment Report 2024 (FiBAN - Finnish Business Angels Network)
Summary
- FiBAN members invested €31.5 million in startups in 2024, representing a 19% increase compared to the previous year.p.4
- The total number of investment transactions declined by 4% to 661 deal transactions in 2024.p.5
- Convertible notes accounted for 14% of total invested capital in 2024, dropping by 6%.p.7
- The median funding round size increased by 6% to reach €275,000 in 2024.p.8
- Bankruptcies represented 40% of all startup exits in 2024, up 4% from the prior year.p.13
- Capital concentration remained high, with 6% of super angels supplying 50% of all capital invested in 2024.p.16
Key insights
- Total angel funding in Finland grew by 19% to €31.5 million despite a 4% drop in transaction volume.p.4
- Nearly half of all investment rounds (48%) were directed to startups receiving their first angel investment.p.6
- Startup median pre-money valuations fell by 11% to €1.64 million in 2024.p.8
- Angel investors overwhelmingly focused on domestic opportunities, placing 97% of investments in Finnish startups.p.9
- The Uusimaa region continued to attract the largest share of angel funding at 50% of total investments.p.10
- While 47% of FiBAN members made no investments in 2024, active members averaged 1.7 investments.p.15
Topics and entities
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