Business Angels Club
Also known as BAC, Business Angels Club – Associação Portuguesa de Investidores em Start-Ups, Associação Portuguesa de Investidores em Start-Ups
Business angels association founded in 1999, presented as Portugal's first BA club; its site, not updated since about 2016, names Francisco Banha (Gesventure) as chair.
Portugal's first business angels club (1999), linked to Gesventure and Francisco Banha. Not to be confused with the Clube de Business Angels de Lisboa or with APBA/FNABA (now Investors Portugal).
- HEADQUARTERS
- Portugal
- FOUNDED
- 1999
- AUM
- —
- OUTSIDE CAPITAL
- No — own capital only
- TEAM LISTED
- 3 people
Focus
- STAGES
- —
- SECTORS
- —
- GEOGRAPHY
- Portugal
Overview
The Business Angels Club (Associação Portuguesa de Investidores em Start-Ups) presents itself as the first business angels club created in Portugal, constituted in 1999 with 15 initial members and acting nationwide. Its profile page reported 60 members (70% entrepreneurs, 30% company managers) and six operations by members: one exit (LUMA – Manutenção de Equipamentos Informáticos, sold to the Promosoft group), two discontinued and three ongoing (Sociedade Panificadora Estrela S. Cristóvão, Mirakon and CSX). It was the first Portuguese club registered with EBAN and a founder of FNABA, the national federation of business angel associations. Its undated governing-bodies page names Francisco Banha, founder of the Gesventure consultancy, as chair of the board.
PORTFOLIO (4)
- LUMA – Manutenção de Equipamentos InformáticosExited
- Sociedade Panificadora Estrela S. CristóvãoFood & Agriculture
- MirakonSoftware & SaaS
- CSXSoftware & SaaS
People
Links
Frequently asked questions
Business Angels Club is a angel network based in Portugal, founded in 1999.
Yes. Business Angels Club invests its own capital in private companies.
Key people at Business Angels Club include Francisco Banha (Presidente da Direção), António Neto da Silva (Vice-Presidente da Direção) and Sérgio Póvoas (Vogal da Direção).
Business Angels Club's investments include LUMA – Manutenção de Equipamentos Informáticos, Sociedade Panificadora Estrela S. Cristóvão, Mirakon and CSX.
No. Business Angels Club invests its own capital and does not raise money from outside investors.