Lithuanian Business Angel Network (LitBAN)

Overview

The Lithuanian Business Angel Network (LitBAN) is a syndicate of angel investors dedicated to fostering early-stage startup growth in Lithuania and the Nordic region. By uniting wealthy individuals, successful entrepreneurs, and executives interested in angel investing, LitBAN facilitates funding and mentorship for promising startups. Through monthly pitching events, the network provides a platform for startups to connect with potential investors, enhancing the startup ecosystem's vibrancy and dynamism. LitBAN's investment strategy focuses on early-stage companies with exceptional growth potential, particularly in sectors such as technology, healthcare, fintech, and agri-tech. The network's members actively participate in deal syndication, both locally and across the Nordic countries, enabling them to pool resources and expertise when backing promising ventures. This collaborative approach allows LitBAN to support a diverse range of startups, contributing to the development of a robust and innovative startup ecosystem. With a growing community of over 300 members, LitBAN has invested more than 50 million euros into startups since its inception in 2018. In 2024 alone, the network invested 12.1 million euros, demonstrating its commitment to supporting early-stage companies. The network's members have also achieved significant exits, including investments in Interactio and Paysolut, with two exits generating returns exceeding 10 times the initial investment. This track record underscores LitBAN's effectiveness in identifying and nurturing high-potential startups, solidifying its reputation as a key player in the Baltic startup ecosystem.

Investment Focus

• Innovative business model
• Scalable growth potential
• Strong management team
• Clear market demand
• Competitive advantage

Portfolio Companies