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 300 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 4500 global startup applications (but mostly – from Lithuania, Baltics and Northern Europe) and the numbers are growing.

Angel investment is booming

In 7 years after the launch, LitBAN angel investments into startups reach more than 50M EUR, out of which 12.1 M EUR were invested in 2024.

Exits are happening

LitBAN members had invested into Interactio and Paysolut and earned great returns via exits. In 2024 our members declared 6 return-generating exits. 2 of them were >10x.