NordicBAN have created a network of already-existing angel networks, already containing all Nordic and Baltic major angel investor networks. The network allows investors from eight nations in the region to match with other startup investors and syndicate investments in growth companies from Finland, Sweden, Norway, Iceland, Denmark, Estonia, Latvia, or Lithuania. Investor networks involved have more than 2.500 investors and yearly screen more than 3.000 possible growth companies.
The founding investor networks are:
- From Denmark: Business Angels Copenhagen (BAC) and Capital2Grow
- From Estonia: The Estonian Business Angels Network (EstBAN)
- From Finland: Finnish Business Angels Network (FiBAN)
- From Latvia: Latvian Business Angel Network (LatBAN)
- From Norway: Connect Norway’s BAN Norway and Founders Fund
- From Sweden: Stockholms Affärsänglar (Stoaf)
The project also provides a a platform where investors and young innovative growth companies can meet, both locally and on a Nordic level. By using a standardised tool, companies can present themselves for both local, national and Nordic investor networks.
NordicBAN is one of the projects funded under the High-Growth Entrepreneurship Initiative.
