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France Angels: despite Covid, €49M invested in 2020

The annual study carried out among the 5,500 members of France Angels, the French Federation of Business Angels, confirms that despite a relative decrease in investments linked to COVID, Business Angels continue their role of accompanying companies on a financial and human front. This is reflected by the increase in refinancing carried out to support businesses that are already funded, which has resulted in the creation - and especially - the maintenance of many qualified jobs. Read the most important takeaways below, written by General Delegate Benjamin Bréhin.

Slight decrease in operations and amounts invested


We can observe a contained decline in investments compared to the previous year, both in number of transactions carried out and in amounts invested. The number of transactions went from 422 to 366 (-20%) and the amounts invested from €58M to €49M (-16%).


Resilience of the Business Angels' non-intermediated investment model, despite the crisis


The year 2020 confirmed the strategic contribution of Business Angels to our economy in the current period of crisis: 38% of operations focused refinancing existing companies, compared to 28% in 2019. Business Angels networks and Independent Business Angels continued their co-investments, reaching €36M and €13M in 2020, compared to €43M and €15M in 2019.