After a sluggish end of the year in 2015, the activity of French business angels is doing well again, according to the results of the FIBAMY (French Internet Business Angel Money Yardstick) for the first half of the year, carried out by ISAI and published October 13. Traditionally more active in the second half of the year than in the first (for those of them who operate through networks), business angels have nevertheless seen the amount of their investments increase by 78% between the first half of 2015 and the same period. in 2016.
The number of fundraisers that include a business angel among the main investors has meanwhile increased by 40% over the same period. Direct consequence of these two phenomena: the average ticket invested increases by 27% in the space of one year, going from 411,000 euros to 523,000 euros.
More Business Angels “unions”
If the authors of FIBAMY partly explain these performances by the fact that fundraising finalized at the end of 2015 was not announced until the beginning of 2016, due to the attacks of November 13, it is clear that this investments were highest in value and volume in the second quarter of the year. The amounts invested increased by 52% compared to the second quarter of 2015, and the number of transactions carried out increased by 21% over one year.
Another observation is that a large number of fundraising activities include among the main investors business angel “unions” (most often bringing together seasoned investors, accelerators or start-up studios, as well as funds, which are in the minority in this type of project. configuration).
Finally, the amounts invested via platforms of crowd-equity remain at an equivalent level in the first half of 2015, with a decrease in the number of transactions, and therefore an increasing average ticket.
** Methodology: As part of the management of its dedicated “seed – post-seed” fund in the internet sector, ISAI tracks all “early stage” fundraising in the internet sector announced by the referencing media (Frenchweb , Journal du Net, CFNews, FusacqBuzz, Maddyness, ITespresso). This watch allows it both to verify its coverage of the sector and to identify new investment opportunities.
Since the beginning of 2011, the quantified elements have thus taken up all the round tables whose “leaders” are Business Angels (individuals or holding companies) and whose raised amount is revealed and is less than 1.5 million euros.
FIBAMY (French Internet Business Angel Money Yardstick) was thus created following the PLF2013 and the Pigeons movement to obtain an objective indicator of Business Angel activity in the internet sector in France.