East Netherlands


European Business Angels – EIF working paper

This working paper analyses the Business Angel (BA) portfolio of the European Angels Fund (EAF), which is an initiative of the European Investment Fund and engages in co-investment relationships with experienced business angels across Europe.


Analysis of European Angels Fund

It uses the EIF’s proprietary database to shed light on a specific subset of the European BA sector. The study describes the basic characteristics of EAF’s BAs and their investment portfolio. It also covers BAs’ investment practices, such as the geographical and sectoral investment strategies, as well as investment timing and innovation support. The paper also includes a descriptive analysis of investees’ post-investment growth patterns.