Business angel investments via networks by country

In 2022, the country with the highest value of business angel investments via angel networks out of selected European countries, was the United Kingdom (UK). The value of business angel investments in the UK amounted to over 390 million euros in 2022. This was followed by Germany, with about 206 million euros worth of investments made by business angels that year. The top three is completed by France, with angel investments amounting to a value of 135 million euros.

Value of business angel investments via angel networks (visible market) in selected European countries as of 2022 (in million euros)

Characteristic	Value of investments in million euros
United Kingdom	394.48
Germany	206.53
France	134.35
Spain	93.88
Finland	64.23
Italy	61.04
Denmark	60.61
Switzerland	50.95
Sweden	49.05
Netherlands	47.74
Turkey	40.3
Ireland	37.06
Estonia	33.57
Austria	31.89
Poland	26.37
Belgium	25.19
Czech Republic	15
Lithuania	14.5
Norway	12.45
Portugal	10.47
Russia	9.53
Greece	5.85
Luxembourg	5.63
Bulgaria	4.67
Cyprus	3.09
Hungary	2.91
Slovenia	1.7
Serbia	1.14

Loading statistic...

Download

Source

Show detailed source information?

Already a member?

Source

Use Ask Statista Research Service

Release date

December 2023

More information

Region

Europe

Survey time period

2022

Special properties

business angel networks, national federations and other early stage investors.

Supplementary notes

The source adds the following comments: "The figures presented in this report are not representative of the entire European market. The survey falls short on accounting for the so called invisible market, which represents a consistent portion of the overall business angels' investments". This figure is not representative for the whole European market, only for business angels who are members of angel networks and therefore can be surveyed (according to the source approximately 10 percent of the estimated total market).

Citation formats