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Article

Open Access

Activities of Business Angels in Croatia

Author(s)

Ana Vizjak, Maja Vizjak

Full-Text PDF Download XML 932 Views

DOI:10.17265/1548-6591/2016.01.002

Affiliation(s)

University of Rijeka, Opatija, Croatia

ABSTRACT

Activities of business angels in Croatia started developing relatively late, after the country became independent. Under the influence of global and European investment trends, they have emerged as a new kind of informal financial investors in the Croatian economic and financial market. Their business activity in the market takes place through investing their personal funds in the economic sphere, their business activities grow in accordance with global and European economic trends, and they become increasingly important in national investments. Activities of business angels in Croatia strive to develop in the modern, economically more developed country, and they become socially and economically more important. In the past three years, foreign accelerators invested in Croatian startups. Venture capital funds and business angels have invested a total of EUR 30 million, and the biggest part of it, EUR 22.15 million came from the USA, and EUR 7.79 million from Europe. In 15 startups, EUR 5.67 million was invested in 2012, EUR 2.48 million in 2013, while in 2014, rapid growth was recorded to EUR 21.81 million. Although startups in Croatia have become more important, the investments are still small. According to the conducted research, the value of business angels’ investments in the international economy is much greater than other venture capital investments.

KEYWORDS

business angels in the Republic of Croatia, mode of action, forms of investment

Cite this paper

Journal of US-China Public Administration, January 2016, Vol. 13, No. 1, 16-25

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