Lithuanian Business Angel Network

What Lithuanian Business Angel Network does

Lithuanian Business Angel Network (LitBAN) is a Vilnius-based nonprofit business angel association founded on March 14, 2018, and registered under legal entity code 304811409 as association "LitBAN." It operates a curated community of more than 300 angel investor members — predominantly ex-entrepreneurs, senior executives, and experienced professionals — who collectively deploy early-stage capital into Lithuanian and Northern European startups. LitBAN serves two primary customer segments: angels seeking deal sourcing, syndication, and due-diligence support, and early-stage founders seeking pre-VC capital, mentorship, and credibility. A third tier of corporate members (Startup Lithuania, SEB, Phoenix Contact, Plug and Play, Coinvest Capital, BSV Ventures, Orion Ventures, Adverum, among others) provides ecosystem sponsorship and complementary deal flow.

The core product stack is the Dealum-powered deal flow platform combined with monthly pitch events. The Dealum integration enables startups to apply directly and gives members structured access to the application database and pipeline. From 30-50 monthly applications, LitBAN's dealflow team (a lean core of three staff: Managing Director Roberta Rudokienė, COO Sigita Zulonienė, Dealflow Manager Akvilė Sabulytė) curates 4-5 startups per month to pitch at events, supported by keynote speakers and networking sessions. Since launch, LitBAN has received over 4,000 startup applications and its members have invested more than EUR 50M cumulatively, with EUR 12.1M deployed in 2024 alone. Track record includes 13 return-generating exits in 2023 (one at 34x on Interactio, plus Interactio and Paysolut as headline cases) and 6 more exits in 2024, two exceeding 10x.

Revenue is generated almost entirely through tiered annual membership subscriptions: EUR 500/year for domestic individual angels, EUR 300/year for international "virtual" members, and EUR 2,500/year for corporate members, supplemented by a EUR 200 one-time entrance fee. Go-to-market is community-led and event-driven — Startup Fair (~2,000 attendees), Investor Camp (~300 international angels and VCs), Login Conference (~5,000 attendees) — overlaid with EU-supported cross-border collaboration through the Connect2Scale project alongside EstBAN, FiBAN, LatBAN, EBAN, Business Angels of Slovenia, and coordinator CIVITTA. Ownership rests with the member base and a nine-person board; no external VC or PE investor is involved.

Name

Lithuanian Business Angel Network

Legal name

association "LitBAN"

Website

https://litban.lt

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

1–10 employees

Short description

LitBAN is a Vilnius-based nonprofit business angel association founded in 2018 that runs a 300+ member community of individual and corporate angels investing in Lithuanian and Northern European early-stage startups via a Dealum-powered deal flow platform and monthly pitch events.

Ownership category

akta.pro rank

Product category

Angel Investing Network

NAICS

Business Associations (813910), Business, Professional, Labor, Political, and Similar Organizations (8139)

SIC

Services-Membership Organizations (8600)

akta.pro primary industry

Micro-VC & Angel Funds (FSANAAAI)

Keywords

• Angel investing network
• Startup deal flow
• Pitch events
• Early-stage investment
• Syndication facilitation

Headquarters

HQ city

Vilnius

HQ country

Lithuania

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Individual Membership Fees: Annual membership fees from individual angel investors providing access to deal flow, pitch events, networking, and syndication opportunities
2. Virtual Membership Fees: Reduced annual fee for investors living abroad, providing remote access to the network and deal flow
3. Corporate Membership Fees: Annual fees from corporate members (2,500 EUR) who want to support the startup ecosystem and gain access to investment opportunities
4. Association Entrance Fee: One-time entrance fee of 200 EUR for new members joining the association

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels8 records

Core offering

Lithuanian Business Angel Network (LitBAN) is a membership-based association of angel investors that curates deal flow from early-stage startups, hosts monthly pitch events where selected founders present to assembled angels, facilitates syndication of deals, and runs training programs. Membership is sold in three tiers (Individual at 500 EUR/year, Virtual at 300 EUR/year for those abroad, and Corporate at 2,500 EUR/year), each with a 200 EUR one-time entrance fee. LitBAN operates as an intermediary rather than a fund, connecting startup applicants received via the Dealum platform with its 300+ angel and corporate members.

Product overview

LitBAN operates as a business angel network that connects angel investors with early-stage startups. The core offering consists of the Dealum platform for deal flow management and database access, combined with monthly Pitch Events where selected startups present to investors. Additional services include educational programs and training through the Connect2Scale initiative, networking opportunities, and syndication facilitation to help angels collaborate on investments.

Differentiator

Problem solved

Functional benefit

Products and services

• Angel Network Membership Tiered annual membership in the LitBAN association granting individuals, international members, and corporations access to the curated deal flow database, monthly pitch events, syndication opportunities, networking with 300+ members, and educational resources. Priced at 500 EUR/year individual, 300 EUR/year virtual (for those living abroad), and 2,500 EUR/year corporate, with a one-time 200 EUR association entrance fee.
• Monthly Pitch Events Monthly in-person events featuring keynote speeches about angel investing and the startup ecosystem, insider news, and pitches from 4-5 selected startups out of the 30-50 monthly applications, followed by networking sessions for members.
• Dealum Platform Access Cloud-based deal flow management and startup database access for LitBAN members. Startups apply through the platform and members access the curated pipeline of new and past startups seeking investment.
• Connect2Scale Program EU-supported cross-border collaboration program designed to supercharge EU startups into scaleups, involving training programs, study visits, and community-building activities across six countries with European angel networks.
• Angel Investing Education and Training Programs Educational events and exclusive content covering due diligence, syndication, and angel investing skills, including training programs and study visits delivered through the Connect2Scale project for members.

Quantifiable outcome

• 34x return on Interactio investment
• +3 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature1 record

Partnerships

18 partnerships are on record, tiered core, flagship and minor.

• DealumcoreTechnology or IntegrationDealum platform is used by LitBAN for managing and sharing deal flow with its members. Startups apply through Dealum and members access the investment pipeline via this platform.
• Connect2ScaleflagshipStrategic or Co-development PartnerEU-supported project designed to supercharge EU startups into thriving scaleups. Goal is to broaden collaboration between investment ecosystems and investors from 6 countries. Coordinated by CIVITTA from Estonia.
• EstBANcoreStrategic or Co-development PartnerEstonian Business Angels Network participating in Connect2Scale project for cross-border collaboration and training programs.
• FiBANcoreStrategic or Co-development PartnerFinnish Business Angels Network participating in Connect2Scale project for cross-border collaboration and training programs.
• LatBANcoreStrategic or Co-development PartnerLatvian Business Angels Network participating in Connect2Scale project for cross-border collaboration and training programs.
• EBANcoreStrategic or Co-development PartnerEuropean Business Angels Network participating in Connect2Scale project, bringing pan-European perspective to the collaboration.
• Business Angels of SloveniacoreStrategic or Co-development PartnerSlovenian angel network participating in Connect2Scale project for cross-border collaboration.
• CIVITTAcoreImplementation/ SI/ Consulting PartnerConsulting firm coordinating the Connect2Scale project across 6 countries, managing training programs, study visits, and community-building activities.
• Startup LithuaniacoreGTM or Marketing PartnerNational startup initiative and corporate member supporting the Lithuanian startup ecosystem and LitBAN activities.
• WorklandminorGTM or Marketing PartnerCoworking space provider listed as partner supporting LitBAN operations and events.
• Rockit VilniusminorGTM or Marketing PartnerInnovation hub listed as partner supporting the startup ecosystem and LitBAN activities.
• Rödl & PartnerminorImplementation/ SI/ Consulting PartnerLegal and consulting firm listed as partner providing professional services to LitBAN ecosystem.
• Phoenix ContactminorGTM or Marketing PartnerIndustrial automation company and corporate member supporting the ecosystem.
• SEBminorGTM or Marketing PartnerMajor Baltic banking group and corporate member supporting the startup ecosystem.
• Plug and PlaycoreStrategic or Co-development PartnerGlobal innovation platform with Vilnius location, corporate member supporting cross-border innovation.
• FO ConsultingminorImplementation/ SI/ Consulting PartnerConsulting firm providing legal and tax guidance for startup investments, referenced for Law and Taxes guide.
• Triniti JurexminorImplementation/ SI/ Consulting PartnerLaw firm providing Legal Guide for Lithuania investments, corporate member.
• Widen LegalminorImplementation/ SI/ Consulting PartnerLegal services firm and corporate member supporting the ecosystem.

Scale indicators13 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Finnish Business Angels Network (FiBAN): FiBAN is the Finnish business angel network and a direct peer — both are national BAN associations facilitating deal flow, syndication, and pitch events for early-stage startups. LitBAN and FiBAN are explicit Connect2Scale partners, indicating directly comparable operating models.
• Estonian Business Angels Network (EstBAN): EstBAN is the Estonian national angel network and a direct peer with a similar membership, deal flow, and pitch event model. The two organizations are explicitly connected via the Connect2Scale EU project for cross-border collaboration.
• Latvian Business Angels Network (LatBAN): LatBAN is the Latvian national business angel network and direct peer, operating the same membership-and-pitch model across the Baltic trio. It is a formal Connect2Scale partner alongside LitBAN.
• Business Angels of Slovenia (Slovenian Business Angels Network): Slovenia's national business angel association, operating a comparable membership/syndication/pitch model. It is a Connect2Scale partner with LitBAN, making the operating model directly analogous.

Broad incumbents

• European Business Angels Network (EBAN): EBAN is the pan-European umbrella organization for business angel networks and a Connect2Scale partner. It is comparable as the overarching body that represents and aggregates national BANs including LitBAN.
• Plug and Play Tech Center (Vilnius): Global innovation platform with a Vilnius location and LitBAN corporate member. Comparable as a broader-scope ecosystem player (accelerator + corporate venture) operating in the same Lithuanian market.

Regional players

• Coinvest Capital: Lithuanian venture capital firm and LitBAN corporate member that has co-invested with LitBAN angels (e.g., Interactio). Comparable as a regional investor feeding the same Baltic early-stage pipeline, though operating as a VC fund rather than a membership network.
• Iron Wolf Capital: Baltic-focused venture capital firm and LitBAN corporate member. Comparable as a regional investor serving the same Lithuanian/Baltic early-stage startup pipeline that LitBAN's angels also fund.
• BSV Ventures: Baltic venture capital firm and LitBAN corporate member. Comparable as a regional investor targeting early-stage Baltic startups — overlapping with LitBAN's angel capital but structured as a VC fund.

Others

• Startup Lithuania: National startup initiative and LitBAN corporate member. Comparable as an ecosystem builder operating alongside LitBAN to promote Lithuanian startup activity and funnel founders into angel and VC capital.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Funding overview

Funding rounds

Investors

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

M&A

Investments29 records

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

Frequently asked questions about Lithuanian Business Angel Network