The State of European Angels is an annual report created by Nordic Angels in collaboration with leading partners to provide a comprehensive view of the European angel investment landscape. Each edition combines quantitative market data with insights from experienced investors across Europe, highlighting key trends, opportunities, and challenges shaping early-stage funding.
The reports aim to map and unify the ecosystem, offering a clearer understanding of how business angels contribute to startup growth, innovation, and regional competitiveness. Across editions, they track the evolution of the market, uncover emerging sectors, and provide actionable insights for investors, founders, and ecosystem stakeholders.
Together, these reports form a growing knowledge base of Europe’s angel ecosystem—helping drive better decisions, stronger collaboration, and long-term impact.
