Number of business angels in Europe

The number of business angels in Europe increased steadily between 2014 and 2019, when it reached a total of 345. However, in 2020, the number of business angels in Europe decreased to 322, 23 business angels less than in the previous year.

Total number of business angels in Europe from 2014 to 2020 (in 1,000s)

Characteristic	Number of business angels in thousands
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Release date

December 2021

More information

Region

Europe

Survey time period

2014 to 2020

Supplementary notes

Includes visible and non-visible markets.

The source added the following information "We can only perceive angel investment through the visible part of the market. The estimation of the invisible market is an assumption EBAN adopts considering previous reports published on this topic. As for 2020, we considered the visible market in Europe to be 10% of the overall one. These 1 to 10 ratios were also maintained between 2012-2020. The visible market encompasses activity undertaken by investors gathered in business angel networks and either having a direct relation with EBAN or those reporting through a national federation. It also comprises networks from which access to information is limited but its existence and activity are known by other players of the industry, such as National Venture Capital Associations".

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