Business angel investing in Finland 2023: Key statistics on investments, exits and investor profiles (FiBAN - Finnish Business Angels Network)
Summary
- Total reported investment by FiBAN members declined by 29% in 2023 to €26.4 million, reaching 2017 levels.p.4
- Half of funded companies (50%) received their first investment in 2023.p.6
- The share of convertible notes in total angel invested capital fell to 20% in 2023.p.7
- The median funding round size declined to €260,000 and median pre-money valuation dropped to €1.84 million.p.8
- 44% of FiBAN angel investors did not make any startup investments in 2023.p.15
Key insights
- The number of reported investment transactions fell 13% to 690 across 173 target startups.p.5
- 50% of funded companies received their first investment in 2023, up 5% from the previous year.p.6
- Convertible notes accounted for 20% of invested capital, down 15% compared to 2022.p.7
- Startup median round sizes fell 10% to €260,000, while pre-money valuations dropped 7% to €1.84 million.p.8
- 95% of angel investments were directed toward Finnish startups in 2023.p.9
- Total reported exits increased by 18% to reach 145 exits in 2023.p.11
- Bankruptcies grew to become the single largest exit category at 36% of all reported exits.p.13
- The proportion of non-investing FiBAN members rose to 44%, reducing the average investments per member to 1.4.p.15
Topics and entities
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