business angel networks, national federations and other early stage investors.
Supplementary notes
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, which was approximately 10 percent of the estimated total market according to the source.
Data prior to 2023 from earlier publications by the source.
As of 2023, a total of * business angel investors were active in ***, making oit the European country with the highest number. The UK was followed by Germany, with investors. The third place ranking was held by *, with investors. The top five was completed by and *, with and active angel investors, respectively.
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EBAN. (October 10, 2024). Number of business angels in selected European countries in 2013 and from in 2013, 2015 and 2023 [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 31, 2026, from /statistics/439305/business-angels-numbers-by-country-europe/
EBAN. "Number of business angels in selected European countries in 2013 and from in 2013, 2015 and 2023." Chart. October 10, 2024. ÌÇÐÄÆƽâ°æ. Accessed July 31, 2026. /statistics/439305/business-angels-numbers-by-country-europe/
EBAN. (2024). Number of business angels in selected European countries in 2013 and from in 2013, 2015 and 2023. ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 31, 2026. /statistics/439305/business-angels-numbers-by-country-europe/
EBAN. "Number of Business Angels in Selected European Countries in 2013 and from in 2013, 2015 and 2023." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 10 Oct 2024, /statistics/439305/business-angels-numbers-by-country-europe/
EBAN, Number of business angels in selected European countries in 2013 and from in 2013, 2015 and 2023 ÌÇÐÄÆƽâ°æ, /statistics/439305/business-angels-numbers-by-country-europe/ (last visited July 31, 2026)
Number of business angels in selected European countries in 2013 and from in 2013, 2015 and 2023 [Graph], EBAN, October 10, 2024. [Online]. Available: /statistics/439305/business-angels-numbers-by-country-europe/
