EBAN Statistics Compendium 2024 (European Business Angel Network (EBAN))
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
- 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
- The European network landscape remained stable with 359 Business Angel Networks in 2024, but capital clustered into fewer, higher-conviction deals.p.8
- 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
- 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
- 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
- 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
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