What NGL does

NGL (legally NGL Ventures, UAB) is a private angel syndicate and startup board member network headquartered in Vilnius, Lithuania, with regional operations in Riga, Latvia. Founded in 2022 and operating with a small team of 1–10 employees, the company operates a two-sided platform connecting approximately 150+ individual angel investors, aspiring board members, and early-stage startup founders across the Baltic region. Its core offering, the NGL Platform, functions as a digital hub for deal flow, advisory role postings, training content, and event materials, supplemented by a structured offline program of 30+ in-person and online events annually (meetups, investor dinners, conferences).

NGL monetizes through four interlocking revenue streams: (1) annual membership subscriptions granting access to the network, ~15 curated investment opportunities per year, and event programming; (2) paid training programs including the Startup Board Course (EUR 1,500+VAT for members / EUR 2,500+VAT for non-members), the Angel Training Program in Riga (EUR 750 for members / EUR 1,749 non-members), and a free on-demand Startup Investing 101 course for members; (3) transaction-based board member placement fees of EUR 1,500+VAT per successful placement via a 6-step structured matchmaking process; and (4) angel syndicate management where NGL pools capital from ~41 private investors into curated early-stage deals. The platform integrates with Dealum for application intake and syndicate submissions.

The go-to-market is community-led and event-driven, with monthly pitch sessions feeding both the advisory pipeline (80+ real startup advisory opportunities per year) and the investment syndicate pipeline. NGL targets two primary personas—angel investors/board member candidates seeking deal flow and governance education, and early-stage founders seeking qualified advisors and capital. It has executed investments alongside institutional VCs in Baltic startups including Ligence, Cyber Upgrade, WhiteBridge AI, Copla, Tingit, Unmanned Defense Systems, Walk15, Axiology, and MELP, signaling an AI-leaning sector bias in its portfolio construction.

Name

NGL

Legal name

NGL Ventures, UAB

Website

https://ngl.vc

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

1–10 employees

Short description

NGL is a private Baltic angel syndicate and startup board member network connecting 150+ investors and founders through a digital platform, monthly events, curated deal flow, board member placement services, and multi-city training programs.

Ownership category

akta.pro rank

Headquarters

HQ city

Vilnius

HQ country

Lithuania

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Membership Fees: Annual membership provides access to the investor and board member network, including 30+ events per year, deal flow, training programs, and matchmaking services.
2. Training Programs: Revenue from paid training programs including Startup Board Course and Angel Training Program, offered at different price points for members vs non-members.
3. Board Member Placement Fees: EUR 1500 + VAT success fee for each board member placement, offsetting recruitment process expenses for startups seeking advisory or corporate board members.
4. Investment Syndicate Management: NGL organizes and manages startup investment syndicates where members pool capital to invest collectively in early-stage startups, with approximately 15 curated investment opportunities shared per year.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels5 records

Core offering

NGL is an angel syndicate and startup board member network that connects private investors, corporate and advisory board member candidates, and early-stage founders through a community-driven digital platform and monthly events. It generates revenue from annual memberships, paid training programs (Startup Board Course, Angel Training Program, Startup Investing 101), EUR 1,500 + VAT board member placement success fees, and management of pooled investment syndicates offering ~15 curated deals per year.

Product overview

NGL operates as a unified platform combining community, software, and education for startup investing and governance. The core offering consists of the NGL Platform software hub, which delivers access to investment deals, advisory roles, and training content. This platform is supported by board member placement services that match startups with qualified advisors, and investment syndicate management that enables pooled angel investing. NGL's educational suite includes five distinct training programs: the Startup Board Course (offered in both Vilnius and Riga editions) for board preparation, the Angel Training Program in Riga for investor skill development, the Angel Program with Startup Selection for hands-on investing experience, and the Startup Investing 101 on-demand course for self-paced learning. Together, these products form a complete ecosystem supporting the entire lifecycle from board governance to investment execution.

Differentiator

Problem solved

Functional benefit

Products and services

• NGL Platform Software hub that serves as the central access point for NGL members to discover startup deals, apply for advisory roles, consume training content, and review past event materials. Built for members who prefer flexible, remote engagement with the angel syndicate and board member network.
• Board Member Placement Services End-to-end matchmaking service that helps startups find qualified corporate or advisory board members. Includes structured 6-step process from application through contract signing, interview support, and post-placement facilitation. Targets startups needing governance expertise.
• Investment Syndicate Management Service organizing and managing startup investment syndicates where groups of private investors pool capital to back early-stage startups collectively. Members gain access to approximately 15 curated investment opportunities per year with shared due diligence and lower ticket sizes than typical VC rounds.
• Startup Board Course in Vilnius Lithuanian-language in-person training program for current and aspiring corporate or advisory board members. Covers board types, roles, legal aspects, compensation, and includes a full-day strategic board session with a real startup. Priced at EUR 1,500 + VAT for members and EUR 2,500 + VAT for non-members.
• Startup Board Course in Riga Latvian-language in-person training program preparing current and aspiring board members for advisory or governance roles at startups. Priced at EUR 1,500 + VAT for members and EUR 2,500 + VAT for non-members.
• Angel Training Program in Riga Latvian-language in-person program for existing and aspiring angel investors covering the full investment process from startup screening through to exits. Delivered through four sessions led by experienced angel investors and VC fund managers, limited to 20 participants for high engagement.
• Angel Program with Startup Selection English-language training program combining angel investing education with hands-on startup selection. Across 6 lessons, participants form a syndicate and choose one startup from a pool of at least 100 startups to invest in, with the program concluding with a dinner in Riga. Priced at EUR 750 for members and EUR 1,749 for non-members.
• Startup Investing 101 Free, members-only on-demand course covering startup ecosystem navigation, deal assessment, legal fundamentals, valuation approaches, and exit strategies. Includes 9 lessons with approximately 4 hours of expert-led video content delivered by CEO Justinas Pasys, designed as a beginner-level entry point into the NGL ecosystem.

Quantifiable outcome

• 9.6/10 course experience rating for Startup Board Course based on 23 participants
• +2 more outcomes

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• DealumcoreTechnology or IntegrationDealum is an integrated platform partner used by NGL for board member applications and funding syndicate submissions. Founders and advisors access NGL services through Dealum's application forms.

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Dealum: Nordic-Baltic SaaS platform powering angel networks, syndicates, and investor matching. NGL already uses Dealum for its board and syndicate funnels, making it both a partner and the closest functional analog to NGL's community-plus-platform model.
• EstBAN (Estonian Business Angels Network): National angel network for Estonia, the third Baltic state NGL has not yet entered. Operates the same angel-investor community, education, and deal-sharing model that NGL runs in Lithuania and Latvia.
• LitBAN (Lithuanian Business Angels Network): Lithuania's national business angel association, directly overlapping with NGL's core Lithuanian market on investor education, deal sharing, and board matching.
• LatBAN (Latvian Business Angels Network): Latvia's national angel network, overlapping with NGL Riga on investor community, training, and deal-flow in the Latvian market.

Broad incumbents

• Funderbeam: Estonia-founded global startup investment and equity management platform with much broader geographic reach. Competes with NGL for both startup deal flow and investor participation, but at a much larger scale.
• AngelList: Global angel investing and syndicate platform. Competes for syndicate capital allocation and for startups seeking to raise from a wide angel pool, but operates far beyond the Baltics.
• Seedrs (Republic Europe): Pan-European equity crowdfunding and secondary market platform. An alternative fundraising and investor-onboarding channel that targets the same Baltic founders NGL supports, but at significantly larger scale.

Regional players

• Iron Wolf Capital: Lithuania-based VC that has co-invested alongside NGL Ventures (e.g., leading Copla's EUR 6M Series A). A regional fund rather than an angel network, but competes for the same Baltic deal flow and LP capital.
• Coinvest Capital: Lithuanian VC fund manager that has co-invested with NGL's angel syndicate in Unmanned Defense Systems. Operates in the same Baltic investment ecosystem but with a fund-led model rather than community-led.
• Karma Ventures: Tallinn-based early-stage VC focused on Baltic and Nordic startups. Competes for Baltic seed-stage deal flow that NGL's syndicate also targets, though via a traditional fund vehicle rather than a community platform.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/@nglvc
• Facebookfacebook.com/nglventures
• LinkedInlinkedin.com/company/ngl.vc
• Instagraminstagram.com/nglventures

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments19 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about NGL