Activities of Business Angels in 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