SHOW ME THE {NUMBERS}

{data sources}

EBAN annual survey (business angel networks, business angel

federations, early stage VCs, individual angels… ; members & non-members of EBAN)

Other sources Zephyr, Crunchbase, market reports, governmental

reports, press articles, research papers…

{Early Stage Investment in 2013}

7,5 b€ 5,5b€ 2b€ 0,08 b€ European Early

Stage Investment

Business Angels Early Stage VCs(1) Equity

Crowdfunding

(1) EVCA 2014

{Angel Market in 2013}

2011 2012 2013

Visible market 427 509 554 Share of visible market 9% 10% 10%

Non-visible market 4317 4590 4989

Total Investment 4.744 5.099 5.543

# Investments 26.158 29.130 33.430

# Jobs created 154.597 178.813 184.170

# Business Angels 241.444 261.430 271.000

30% of US angel investment » 18.100m€ Center for Venture Research 2014

{Angel Market in 2013}

2011 2012 2013

Average Investment per company 181.400 174.833 165.787

Average Investment per BAN 1.041.616 1.107.081 1.184.378

Average Investment per BA 19.653 19.480 20.437

{Investment by Sector}

investment amount # deals

{CO-INVESTMENT & STAGE}

{Business Angel Networks}

Average YoY Growth (10 Years): 17%

468 460

410

{Market Growth by Country} VISIBLE MARKET

UK SPAIN RUSSIA

M€

{Market Size vs #BA} VISIBLE MARKET

M€

# BA

4500

4000

3500

3000

2500

2000

1500

1000

500

{BAN Performance}

Average

ESTONIA

RUSSIA

DENMARK

{Angel Investment vs GDP}

Average

ESTONIA

FINLAND

PORTUGAL

{www.eban.org}