About - LitBAN

What is LitBAN

Lithuanian Business Angel Network (LitBAN) fosters business angel activity through communication, events, networking, syndication of deals both locally and across Nordics by uniting wealthy individuals, successful entrepreneurs, and executives that are curious about angel investing activity, are interested in sharing their knowledge and network with new entrepreneurs.

🌱 The Roots of LitBAN
The launch of LitBAN

LitBAN was founded on the 14th of March, 2018 and marked a crucial step forward in the young Lithuanian startup ecosystem. LitBAN now has over 200 members and our community grows stronger with each and every individual joining it: unheard insights, larger networks and new joint investment possibilities.

🔗 Matching Startups and Angels
🚀 Startups are applying

LitBAN has already received more than 3000 startup applications and the numbers are growing. Most LitBAN applications come from Lithuania and Northern Europe, but new regions are expressing more and more interest in joining the LitBAN funnel.

💥 Angel investment is booming

In only 3 short years after the launch, LitBAN angel startup investment numbers total more than 15M EUR, out of which 10.4 M EUR were invested in 2021. We have added 145 new angel members in 2021 so 2022 looks promising!

🚪Exits are incoming

2021 seems to be a pivotal year in the number of exits:

Starting with Paysolut, into which our angels and corporates had invested, and that was acquired by SumUp, as well as Interactio’s Series A, during which our Angels partially exited with returns of 34x.

People of LitBAN
🧑‍💻 Team
Simonas Žilinskas
Communications lead

Ex-CEO of an AI chatbot agency, alumni of Sciences Po Paris and Universidad Pompeu Fabra. Previously a tech specialist at the GovTech Lab (MITA), worked at a CivicTech project – Municipales.app and interned at the European Commission.

Justinas Pašys
Managing director

8+ years of professional experience in Project Management, Business / Product Development, Operations, Business Controlling, Analytics, Coding, and Sales. Worked in 5 languages across Investment Banking, Insurance, and Tech industries mostly in Denmark, the USA, and Lithuania.

Akvilė Sabulytė
Training and Development manager

Co-Organizer of TedxVilnius, HR and event organization specialist, speaker at companies’ events, conferences, and Vilnius University, award-winning researcher on psychology and entrepreneurship. 

Odilija Guntoriūtė
Community manager

Having worked at Infobalt, Invest Lithuania, Idea Prima, and the Office of the President of the Republic of Lithuania makes Odilija a very experienced communicator and manager.

🤵 📋 Board
Viktorija Vaitkevičienė
Vladas Lašas - member of LitBAN
Vladas Lašas
Rita Sakus
Indrė Dargytė
Gytenis Galkis
Vytautas Kalmatavičius
Arvydas Strumskis
Evaldas Remeikis
Martynas Kandzeras

❕ Super important documents

Click on them to preview and download

💼 membership form for Individual Members

🏢 membership form for Corporate Members

📜 Statutes of LitBAN

✔️ Code of Conduct

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