Business Angels vs Capital de Risco
Ricardo Luz
INVICTA ANGELS – Assoc. Business Angels do Porto, President - www.invictaangels.pt
FNABA – Federação Nacional de Assoc. Business Angels, Vice-President - www.fnaba.org
EBAN - European Business Angel Network, Board Member - www.eban.org
Business Angels
who we are
MONEY
TIME
“SMART
MONEY”
BUSINESS
SKILLS
MARKET
ACCESS
Business Angels,
EUROPE
EBAN
•
•
•
•
•
The voice of Early Stage
Investors in Europe
Not for profit organization
based in Brussels
Created in 1999 by Eurada with
the support of European Commission
Members in 41 Countries
126 members and growing
Beyond Europe:
Australia
Canada
Kenya
New Zealand
Singapore USA
Brazil
Jordan
Malaysia
Oman
European Outlook
7,58 b€
5,50 b€
2,00 b€
0,08 b€
European Early
Stage Investment
BUSINESS ANGELS
Early Stage VCs (1)
Equity
Crowdfunding
(1) EVCA 2014
Angel activity in Europe
average Growth (10 Years): 17%
2011
2012
2013
# Business Angels
241.444
261.430
271.000
(average) Investment per company
181.400
174.833
165.787
1.041.616
1.107.081
1.184.378
19.653
19.480
20.437
(average) Investment per BAN (468)
(average) Investment per BA
Impact in the economy
(year of investment, 2013)
Businesses
Funded
Jobs
Created
33.430
184.170
Business Angels,
PORTUGAL
FNABA

Business Angels Groups
MEMBERS
» Invicta Angels - Assoc. Business Angels do Porto
» Famagrow - Assoc. Business Angels de Famalicão
» Vima Angels - - Assoc. Business Angels de Guimarães
» Abac - Assoc. Business Angels de Aveiro
» Centro Business Angels, Coimbra
» Assoc. Business Angels de Viseu
» Assoc. Investidores Capital Risco da Covilhã
» Open Business Angels, Marinha Grande
» Assoc. Business Angels de Santarém
» Clube de Business Angels de Cascais
» Business Angels Club, Lisboa
» Business Angels HNS, Lisboa
» Assoc. Business Angels do Guadiana
» Clube de Business Angels do Alentejo
» Assoc. de Business Angels do Algarve
…
» Açores e Madeira
FINOVA
Funds for Business Angels:
| Co-Investment
Fund of Ventures Capital:
> FCR Corporate Ventures:
•
Operations: 188
> FCR Pré-seed:
•
Companies: 114
•
Operations: 12
•
Operations: 8
•
Value: 21.574.456,94 €
•
Value: 2.365.753 €
•
Value: 3.884.011 €
> Business Angels (2)
> FCR Early Stages:
> FCR Inovation:
•
Operations: 18
•
Operations: 18
•
Operations: 33
•
Companies: 18
•
Value: 7.730.613 €
•
Value: 22.856.822 €
•
Value: 6.799.002,85 €
Portugal (2013, FINOVA, “visible”):
 54 Vehicle Entities
 22 Funds of Ventures Capital
 16 Clubs
more info:
www.fnaba.org
www.pofc.qren.pt
www.eban.org
Venture Capital Value Chain
Business Angels,
PORTO
INVICTA ANGELS
Invicta Angels
who we are
Invicta Angels (www.invictaangels.pt) was created in January 2007
as a regional Business Angel's Association, with its focus in Northern Portugal.
Invicta Angels gathers 52 individual members, mostly business people and
senior executives, with large experience in business.
Invicta Angels was co-responsible for the creation of FNABA (www.fnaba.org) in
2007. Is affiliated of EBAN - European Business Angel Network (www.eban.org)
and WBAA - World Business Angels Association (www.wbaa.biz).
Invicta Angels
we make a difference
• Business Angels: support, focus and direction
• Senior and highly skilled executives
• Network provides business acceleration
• Skills, knowledge, human resources, …
Invicta Angels
Partnerships… Venture Capital
Invicta Angels cooperates with the major regional institutions, such as
Universities, Business Incubators, Business Associations, Venture Capital and …,
in joint actions to promote entrepreneurship.
Invicta Angels
Investment Process
 Entrepreneur submits project through www.invictaangels.pt
| Invicta Angels, co-Investment
Habitat Sustentável
TICE
Ciências da Vida
Biomode
Indústrias Criativas
‘Creativity’ is the generation
of new ideas
‘Innovation’ is the successful
exploitation of new ideas
Ricardo Luz