RT Book, Section T1 Business Angels and Venture Capital A1 Albort Morant, Gema A1 Sanchís-Pedregosa, Carlos A1 Perea-Khalifi, David A1 Irimia-Diéguez, Ana I. A2 Sendra-Pons, Pau A2 Garzon, Dolores A2 Revilla-Camacho, María-Ángeles AB Among the many formulas that exist for financing a business project, two of the most widely used by entrepreneurs today are business angels (BA) and venture capital (VC). This chapter sheds light on the interaction between these sources of funding. Both financing options played an essential role for the growth of start-ups even before the financial crisis. In particular, the main goal of this chapter is to provide the reader with an accurate understanding of both sources of financing before making an investment decision. The chapter shows the concept, operations, and growth expectations of BA and VC and a subsequent comparison between the two methods. Overall, this chapter provides a more fine-grained understanding of the role that BA and VC investors can play in the process of creating new ventures. As the main takeaways of this chapter, it is expected that entrepreneurs will learn to successfully find the financing formula that best suits the characteristics and urgencies of their project and that, in this way, their company will develop or continue to grow. PB Springer YR 2023 FD 2023 LK https://hdl.handle.net/10630/33096 UL https://hdl.handle.net/10630/33096 LA eng NO Albort-Morant, G., Sanchís-Pedregosa, C., Perea El Khalifi, D., Irimia-Diéguez, A.I. (2023). Business Angels and Venture Capital. In: Sendra-Pons, P., Garzon, D., Revilla-Camacho, MÁ. (eds) New Frontiers in Entrepreneurial Fundraising. Contributions to Finance and Accounting. Springer, Cham. https://doi.org/10.1007/978-3-031-33994-3_6 NO © 2023 The Author(s), under exclusive license to Springer Nature Switzerland AG DS RIUMA. Repositorio Institucional de la Universidad de Málaga RD 19 ene 2026