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 almost 100 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 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.
💥 Angel investment is booming
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.
🚪Exits are incoming
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!
People of LitBAN
8+ years of professional experience in Project Management, Business/ProductDevelopment, Operations, Business Controlling, Analytics, Coding, and Sales. Worked in 5 languages acrossInvestment Banking, Insurance, and Tech industries mostly in Denmark, USA, and Lithuania.
Ex-CEO of an AI chatbot agency. Also studying at Sciences Po Paris and Universidad Pompeu Fabra in Barcelona. Previously a tech specialist at the GovTech Lab (MITA), worked at a CivicTech project – Municipales.app and interned at the European Commission.