Investor Shelf

EBAN Statistics Compendium 2024 (European Business Angel Network (EBAN))

ReportEuropean Business Angel Network (EBAN)January 202422 pages33 min readOriginal source
Key number
1,220 million Euros
Visible European Angel Investment p.5
What changed
-2,8%
YoY Visible Angel Investment Change p.5
Largest segment
Enterprise Software and Marketing 22%
Top Angel Sector Share p.20

Summary

  • The visible angel investment market in Europe reached 1,220 Million Euros in 2024, reflecting a -2,8% decrease from 1,255 Million Euros in 2023.p.5
  • European angel investors participated in 4582 reported funding rounds in 2024, down from 4789 rounds recorded in 2023.p.5
  • Approximately 47,600 active business angel investors are affiliated with an angel investment network or association across the European continent.p.5
  • The United Kingdom led European visible angel investment with 291.3 million Euros, followed by Germany with 162.3 million Euros and France with 130.6 million Euros.p.6
  • Total early-stage investment deployment in Europe rose from 2.49 billion Euros in 2023 to 2.832 billion Euros in 2024.p.11
  • Average investment per company fell by 7.4% to 204,900 Euros in 2024, while the average individual angel ticket per round stood at 25,600 Euros.p.6

Key insights

  1. European angel investors responded to market headwinds by compressing ticket sizes, prioritizing bridge rounds, and reserving follow-on capital rather than exiting deals.p.7
  2. The European network landscape remained stable with 359 Business Angel Networks in 2024, but capital clustered into fewer, higher-conviction deals.p.8
  3. Angel rounds between €1 and €4 million captured 68% of total angel capital in 2024 (€188 million), despite making up only 33% of round volume.p.10
  4. Institutional seed VC expanded its early-stage market share from 40% in 2023 to 53% in 2024, while business angels' share compressed from 50% to 43%.p.11
  5. Enterprise Software & Marketing became the top sector for angel investment in 2024 with 22% of total capital, followed by Fintech at 13% and Health at 12%.p.20
  6. Startups with at least one female founder attracted 18,7% of European business angel investments in 2024, while male-only founding teams received 81,3%.p.21

Topics and entities

Summary and figures generated from the document and checked automatically: every number shown appears on the cited page. The full document is available from the publisher. Publishers can request removal.