|
Latvia’s national angel network association since 2014. The goal of the association is to extend and develop the network of investors in Latvia and support new and prospective projects. The organisation is driven by one full-time employee.
www.latban.lv |
Value |
|
Angel members |
75 |
Yearly startup deals |
ca 170 |
Yearly startup investments |
Ca €3M |
|
Angel investor member requirements and membership application process
The board approves member applications. The annual membership fee is EUR 400. |
Approximate yearly startup deal flow and investment sum made by members
Over 500 business project applications during 3 years, yearly ~170. LatBAN members have invested a total amount of 15.4 M€ in 2017.year, 2.9M€ in startups. |
|
Main Services for angels
Ca 10-15 startup apply monthly of which ca 6 are invited to monthly pitch. All the pitch sessions are recorded and shared as video internally for investors. Actively cooperate with the Baltic region accelerators and growth supporting organisations. There is available support program created by LatBAN and financial institution Altum: Loans for the implementation of new and prospective projects, financed by ‘business angels’. ALTUM loan amount ratio of the business angel investment for each project is 60 : 40%. Investment Sessions, during which investors and new entrepreneurs meet with each other. |
|
Main Angel Events
|
|
Startup criteria and submission process
An application form has been created on the international private investor platform Gust.com. |
|
Stabu iela 119, Rīga, LV-1009, Latvia
Twitter @latbanlv |
