European Angels Fund

EAF works hand in hand with Business Angels and helps them to increase their investment capacity by co-investing into innovative companies in the seed, early or growth stage. The activity of EAF is adapted to the Business Angels' investment style by granting the highest degree of freedom in terms of decision making and management of investments.

EAF has a current volume exceeding EUR 800m, with more than EUR 330m already committed to more than 120 selected Business Angels which have already built a portfolio of more than 800 SME co-investments.

EAF is operational across Europe with dedicated national programmes for Austria, Belgium (Flanders) Denmark, Finland, Germany, Ireland, Italy, the Netherlands and Spain alongside a pan-European allocation for Business Angels in other geographies and investing across the continent.  EAF will foster and support cross border collaboration between Business Angels. It will also contribute to the establishment of European Business Angels and Family Offices as an attractive alternative asset class.

The total volumes available under an individual CFA (Co-investment framework agreements) range typically between EUR 250k and EUR 5m. EAF does not pay a management fee to the Business Angel but shares investment-related costs on a pro-rata basis.

Under the CFA, Business Angels are requested to ensure appropriate background checks on investment targets and semi-annual reporting based on a standardized reporting framework.

EAF wants to support innovative SMEs. Investments are possible in all sectors and throughout the entire range of development phases of a company (seed, early or expansion stage). Co-investments under EAF are generally focused on new investments of the Business Angels.