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
Business angel investments on the visible market in Europe in 2023, by country
In 2023, 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 300 million euros in 2023. This was followed by Germany, with nearly 200 million euros worth of business angels investments made that year. The top three was completed by France, with investments amounting to a value of 142.5 million euros.
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EBAN. (October 10, 2024). Value of business angel investments via angel networks (visible market) in selected European countries as of 2023 (in million euros) [Graph]. In Statista. Retrieved May 07, 2026, from https://www.statista.com/statistics/439669/business-angel-investments-by-country-in-europe/
EBAN. "Value of business angel investments via angel networks (visible market) in selected European countries as of 2023 (in million euros)." Chart. October 10, 2024. Statista. Accessed May 07, 2026. https://www.statista.com/statistics/439669/business-angel-investments-by-country-in-europe/
EBAN. (2024). Value of business angel investments via angel networks (visible market) in selected European countries as of 2023 (in million euros). Statista. Statista Inc.. Accessed: May 07, 2026. https://www.statista.com/statistics/439669/business-angel-investments-by-country-in-europe/
EBAN. "Value of Business Angel Investments via Angel Networks (Visible Market) in Selected European Countries as of 2023 (in Million Euros)." Statista, Statista Inc., 10 Oct 2024, https://www.statista.com/statistics/439669/business-angel-investments-by-country-in-europe/
EBAN, Value of business angel investments via angel networks (visible market) in selected European countries as of 2023 (in million euros) Statista, https://www.statista.com/statistics/439669/business-angel-investments-by-country-in-europe/ (last visited May 07, 2026)
Value of business angel investments via angel networks (visible market) in selected European countries as of 2023 (in million euros) [Graph], EBAN, October 10, 2024. [Online]. Available: https://www.statista.com/statistics/439669/business-angel-investments-by-country-in-europe/