LitBAN was founded on the 14th of March, 2018 and marked a crucial step forward in the young Lithuanian startup ecosystem. LitBAN now has almost 100 members and our community grows stronger with each and every individual joining it: unheard insights, larger networks and new joint investment possibilities.

LitBAN has already received more than 500 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.

One year after the launch, LitBAN angel investment numbers grew by 41,6%. Two years after the launch, the yearly amount increased by extra 26,5%, to total 5 250 660 EUR in investments since the launch event of LitBAN.

2021 started with big news: the Paysolut exit. LitBAN Angels and LitBAN’s corporate partners had invested in Paysolut and have gained great returns on the deal. More exits to come very soon!