The emergence of LitBAN is important not only for business angels and start-ups, but also for those who care about the overall competitiveness of a country’s economy or businesses. LitBAN is actively working to increase the number of angel investors who are interested in investing in early stage companies and supporting the early stage entrepreneurial community.
Help us to strengthen the local start-up ecosystem and to enable new business ideas to mature and accelerate faster – join LitBAN as a Corporate member. We are proud to work together with these ecosystem builders:
- Managing soft loan instruments
- Issuing loan guarantees
- Providing global grants
- Creating venture capital funds
The purpose is to promote the growth and competitiveness of Lithuanian businesses by being an active partner in business financing.
The purpose of Koinvesticinis fondas is to improve the development of the Lithuanian venture capital market and the growth of new players in the venture capital market and so broaden the availability of capital for viable new Lithuanian companies which suffer from limited access to business funding facilities offered by banks.
Koinvesticinis fondas invests in start-ups and growing private Lithuanian companies and provides investment and financial advice in relation to these investments alongside private investors including Venture Capital Funds and Business Angels groups.
Koinvesticinis fondas acts as a silent investor in the management of companies that it invests in.
The Fund will invest only together and on equal basis with Business Angel. The Fund’s and Business Angel’s overall goal is to invest and earn a return.
The Fund and Business Angel will participate in business development together with other shareholders and founders of the company. Fund managers seek to work closely with business owners, consultants and executives with successful business experience.
The Fund and Business Angel will acquire new shares issue or (and) new issue of convertible bonds. A portion of previously issued shares from current owners can also be redeemed. The Fund and Business Angel will exit their stake together with founders to strategic or financial investor or to founders of the company.
Fund is partially funded by the European Regional Development Fund for the period of 2014-2020 years, which is managed by INVEGA.
OCC operates and plans to invest up to 20 million euros in the commercialisation of new technologies developed in the Baltic nation. The fund will support projects with international potential in the areas of information and communication technology, robotics, and high-tech.
“The goal is to discover and invest in the best Lithuanian technology creators, those with global ambitions and the most potential to succeed. We’ll provide them with the capital and know-how they need to establish and grow companies, to prepare to enter foreign markets,” said Audrius Milukas, the CEO of Open Circle Capital and one of its partners.
70Ventures plan to invest in 70 early-stage B2B startups. Pre-seed and seed stage investments will range from 20K EUR to 300K EUR, depending on the startup’s monthly recurring revenue.
The pre-seed venture capital fund 70 Ventures Accel will provide training and business development knowledge to emerging companies and will invest in them later, while the seed fund 70 Ventures Seed will finance young enterprises at the subsequent stages of their development.
The fund is managed and run by three partners: Per Møller, Jean-Baptiste Daguené and Gytenis Galkis.
LitBAN cooperates with the best law firms in Lithuania ensuring the highest quality of legal counsel for our members concerning their investments.