EU Entrepreneurs Accounted for 11% of Global Startup Funding Applications in Q3 of 2012
NEW YORK and BRUXELLES, Belgium, Dec. 12, 2012 (GLOBE NEWSWIRE) -- Gust, the global investor relations platform connecting high-growth entrepreneurs and active early-stage investors, and EBAN, the European Trade Association for Business Angels, Seed Funds, and other Early Stage Market Players, have entered into a long-term strategic partnership establishing Gust as the recommended deal-flow management and investor relations platform for the financing of high-growth European startups.
EBAN is the not-for-profit organization established under the auspices of the European Union to represent business angel investors and investment organizations in the region. Its goal is to promote a vibrant angel investment community and culture throughout Europe. Through direct and indirect membership, EBAN represents hundreds of business angel networks in Europe, bringing together over 20,000 business angels across 27 countries to fuel the rapidly growing European entrepreneurial economy.
Gust, named the world's Top Innovator in Financial Technology at this year's Sibos conference organized by SWIFT, operates the global platform for sourcing and managing early-stage investments. It powers over 1,000 investment organizations in 75 countries and facilitates collaboration among more than 160,000 startups and 40,000 accredited investors. Gust is the official platform of the world's leading national angel investor federations, including those in the United States, Canada, Australia, New Zealand, Ireland, Scotland, Spain, France, Portugal, Turkey and Russia, among others.
"Gust is committed to meeting the rapidly changing demands of the international early-stage investment and entrepreneurial communities," said David S. Rose, Gust's Founder and CEO. "This strategic partnership is the culmination of joint efforts between Gust and EBAN to support European entrepreneurship. It will open exclusive opportunities for European investors to manage their early stage investments with Gust's multifaceted platform, and support entrepreneurs seeking funding for startups across Europe."
"The Early Stage investment community across Europe is becoming more professionalized," said Paulo Andrez, President of EBAN. "Today, access to the best startup companies, as well as the ability to manage the entire investment process, are crucial competitive advantages for the region's leading early stage investors. EBAN is proud to partner with Gust to allow EBAN members to make better decisions, increase their access to the most promising new companies, and promote syndication among them using the Gust platform." Through this partnership, EBAN members will receive special benefits to access the Gust platform.
Gust's proprietary data shows that early-stage investments in Europe are already on the rise. EBAN member countries grew rapidly in the third quarter of 2012 in healthcare, travel, education and clean technology:
- Healthcare Services funding applications grew by 202%, compared with -11% globally;
- Travel funding applications grew by 191%, compared with 16% globally;
- Education funding applications grew by 58%, compared with -11% globally;
- Clean Technology funding applications grew by 20%, compared with 8% globally.
Currently, the top ten industries for EBAN member countries are Internet web services, business products services, mobile, software, consumer products services, healthcare, Information Technology, media entertainment, travel, and fashion.
Gust provides the global platform for the sourcing and management of early-stage investments, enabling skilled entrepreneurs to collaborate with the smartest investors by virtually supporting all aspects of the investment relationship, from initial pitch to successful exit. Gust is endorsed by the world's leading business angel and venture capital associations, and powers over 1,000 investment organizations in 75 countries. More than 160,000 start-ups have already used the platform to connect and collaborate with over 40,000 individual accredited investors. Gust is based in New York, NY, with a development center in Vancouver, British Columbia, and European office in Paris, France. Please visit www.gust.com for more information.
EBAN is the European trade association for business angels, seed funds, and other early stage market players. Its mission is growing the early stage investment asset class, from an estimated 4 billion Euros today to 10 billion Euros. EBAN serves business angels, business angel networks, seed funds and other early stage investment professionals across Europe and is the representative in Brussels through direct and indirect membership of more than 250 business angel networks in Europe. These in turn federate some 20,000 angels, and receive about 40,000 business plans a year.
CONTACT: Lana Gersten, (212) 784-5714, [email protected]
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