In Ireland many business angels invest in start-ups through consortia or syndicates organised by the Halo Business Angels Network (HBAN). Examples of successful syndicates include HBAN's Bloom Equity, Boole Investment Syndicate and the South East Business Angel Network. HBAN recently reported that the last 12 months have seen its angel investors celebrate exits of up to 10 times their initial investment. Companies like Iconic Translation Machines, Payslip, Decawave and Finovation have all raised at least seven-figure sums while in the last five years notable exits have included Phorest, iCabbi and Embo Medical.