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Equity Funding Guide
EUROPEAN ANGEL FUND IRELAND
Drew O’Sullivan -
Adviser to European Investment Fund which manages European Angel Fund
DogPatch Labs, Unit 1,
The chq Building, Custom House Quay, Dublin 1,
D01 Y6H7
Telephone: +353 (0) 86 604 1184 Email: drew.osullivan@serafina.org Web: eif.org/
Year most recent fund Estb: 2016.
Invest in ROI, NI: Mainly ROI.
Fund Size: EUR 40m
(matching a further Angel investment of EUR 40m)
Investment Range: Co-investment commitments with pre-authorised Business Angels of EUR 250k-4m. Typical investment stage Seed and Series A.
Sectors: High Growth Export oriented SMEs; typically technologically driven – ICT; MedTech etc.
Notes: The European Angel Fund Ireland (“EAFI”) is funded by Enterprise Ireland and
the European Investment Fund (“EIF”). EAFI it
is managed by EIF. EAFI enters long-term co- investment agreements with Business Angels who have strong investment track records and whose future investment strategy is to invest in high growth export oriented SMEs. Partnering with EAFI doubles the investment firepower of the Business Angel. The Business Angel has
full discretion to select, negotiate, diligence, complete and manage investments. Business Angels earn a 20% carry on a deal by deal basis.
Stage in the investment process:
Seed/ early stage. Series A.
