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Friday, January 27, 2023

FiBAN reports a record-high year for startup investment activities

FiBAN has announced the result of its annual member survey and apparently, it came out positively. FiBAN’s Business angel investing in Finland 2021 report shows that there is an increase in investment activities in Finland compared to the previous year. It means total amount bounced back to the level before the pandemic. It might be said, even a little higher. The same can be said for funding round sizes and valuations as well. It is clearly seen in the study that total investment into 626 companies reached over €52M.

Key results of the survey

  • 23% of FiBAN members are serial entrepreneurs.
  • 10,5% of FiBAN members are women.
  • 52,3 M€ (+47 %) Euros invested by FiBAN members in 2021.
  • 1022 (+36 %) Number of investment transactions in 2021.
  • 626 (+27%) The number of companies that received funding in 2021.
  • 52 % Share of companies that received their first investment in 2021.
  • 250 000 € (+ 10%) Median funding round size in year 2021.
  • 1,39 M€ (+3 %) Post-money valuation in year 2021.
  • Out of reported exits (19%) were very profitable.
  • 163 (-5 %) Number of exits in 2021.
  • Very profitable exits (19%) make up for the losses.
  • 33 % Share of exits that were acquisitions in 2021.
  • Share of exits through IPO’s grew to 6%.
  • 2,1 (+24 %) Average number of investments per angel investor in year 2021.
  • FiBAN trains 130 persons yearly.

Record-high year for startup investment activities: 52,3M€ invested into 626 companies – majority to new targets

Investment activity of private startup investors reached a new high in 2021, following the decline of covid-year 2020. Majority of growth funding went to companies closing their first investment round.

Source: FiBAN Annual Investment Statistics 2021
In 2021, private early-stage investors invested altogether 52,3M€ into 626 companies. Majority of the investments were placed in companies that received their first investment, shows FiBAN’s annual member survey, responded by 480 private investors.

FiBAN, Annukka Mickelsson“Early-stage investors play an indispensable role in nurturing the next generation of Wolts and Aivens with their know-how, experience, and networks. Our statistics reveal that a typical startup investor has an academic background, entrepreneurial experience, and 6-8 startups in their portfolio, the most active ones even over 30 companies”, says Annukka Mickelsson, Chair of the Board at FiBAN.

Private startup investing is professional – successes balance losses

In 2021, a significant share of exits were highly profitable; almost one-fifth of exits yielded more than ten. Out of 83 reported exits, over one-third were acquisitions, which indicates the interest from large companies towards startups. Exceptionally, the share of exits through IPOs grew to 6%.

“It’s great to see a growing trend in both exits and exit channels – however – we still need a functioning exit market for unlisted companies in Finland. The amount of exits and their profitability speaks of an ever more professional private startup investor base. Startup investing can turn out well when done professionally”, states Mickelsson.

Source: FiBAN Annual Investment Statistics 2021

Founded in 2010, FiBAN has today over 650 investor members. It promotes private investments into unlisted companies. The association has estimated that for every 1M€ invested by business angels, 19 new jobs are created.

FİBAN, member profile
FiBAN member profile

“I’m extremely proud of how FiBAN has succeeded in attracting new investors to build up future success stories. Our mission is to pass the robust experience of the network to new investors. Only in 2021, we provided training for 130 private investors”, Mickelsson celebrates.

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Nurcin Metingil
Nurcin Metingil
A permanent student, a passionate first reader and nowadays doing master’s degree in Publishing Management. Beside these, I am up for games! I have been playing games since I was 6. Now, I am whispering "Business. Business. Numbers. Is this working?"

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