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 350 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 4000 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 5 short years after the launch, LitBAN angel startup investment numbers total more than 30M EUR, out of which 14.5 M EUR were invested in 2022. We have added 135 new angel members in 2022 and 2023 looks promising.
🚪Exits are incoming
LitBAN Angels and Corporate members had invested into Interactio and Paysolut and earned great returns via exits. Better and more deals are made every month, and this means that the tempo is only getting faster!
People of LitBAN
20+ years experience in management positions, 6+ years was managing national startup ecosystem facilitator “Startup Lithuania”. In 2021 was nominated as one of the most influential women in the startup scene in Europe.
Entrepreneur with 5+ years of experience in Lithuania’s startup ecosystem. Previously a manager of 100+ startups Community that relocated to Lithuania through the Startup Visa program.
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.