Latvian Business Angel Network

What Latvian Business Angel Network does

Latvian Business Angel Network (LatBAN), legally registered as Biedrība "Latvijas Biznesa Eņģeļu Tīkls," is a Riga-based membership association founded in 2014 that connects experienced angel investors with early-stage startups in Latvia and across the Baltic region. Its stated scale is 75+ members, 15M+ EUR cumulatively invested, and 150+ unique portfolio startups. LatBAN operates a community-led model: monthly pitch events, the annual Gada Investors awards (jointly with LVCA since 2015), investor study trips to Riga, and the Angel Training Course (offered free with Ministry of Economics support) generate dealflow and onboard new angels. The syndicate investment program is executed in partnership with ASP Asset Management, a Latvian Central Bank-regulated alternative investment fund manager, providing a structured vehicle for pooled angel capital.

LatBAN's product surface consists of a Members Portal (deal access), the third-party Dealum platform for inbound startup applications, the syndicate program via ASP Asset Management, the Angel Training Course, the Fund Members Program for VC funds and family offices, monthly pitch events, and the Connect2Scale cross-border initiative. The revenue model is purely subscription-based: EUR 400/year regular membership, EUR 250/year international membership, and EUR 1,000/year fund membership (with unlimited representatives). Strategic partners include TechChill, Buildit Accelerator, EBAN, and sister Baltic networks (EstBAN, FiBAN, LitBAN), enabling cross-border deal origination such as the 2026 Granarium Technologies pre-seed round co-invested with Finnish and Estonian angels.

Name

Latvian Business Angel Network

Legal name

Biedrība "Latvijas Biznesa Eņģeļu Tīkls"

Website

https://latban.lv

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

1–10 employees

Short description

Latvian Business Angel Network (LatBAN) is a Riga-based membership association founded in 2014 that connects 75+ angel investors with early-stage Baltic startups through pitch events, a syndicate program with ASP Asset Management, and ecosystem partnerships including TechChill and Connect2Scale.

Ownership category

akta.pro rank

Product category

Angel Investor Network

NAICS

Portfolio Management and Investment Advice (523940)

SIC

Services-Membership Organizations (8600)

akta.pro primary industry

Micro-VC & Angel Funds (FSANAAAI)

Keywords

• Angel investor network
• Early-stage startup funding
• Syndicated investment program
• Angel investor education
• Baltic venture community

Headquarters

HQ city

Riga

HQ country

Latvia

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Membership Fees: LatBAN generates revenue through annual membership fees from angel investors and fund members. Regular membership is EUR 400 per year, international membership (for those residing outside Latvia) is EUR 250 per year, and fund membership (for VC funds, family offices, institutional investors) is EUR 1,000 per year with unlimited representatives.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels8 records

Core offering

LatBAN operates a community-driven angel investor network in Latvia that connects experienced business angels with early-stage startups seeking seed and pre-seed investment in the EUR 75k-500k range. The network curates dealflow through the Dealum online platform and monthly pitch events, facilitates syndicated co-investments via a partnership with ASP Asset Management AIFP, and offers an annual angel training course plus an investor study trip to Riga. Membership tiers include Regular (EUR 400/year), International (EUR 250/year), and Fund memberships for VC funds and family offices (EUR 1,000/year).

Product overview

The Latvian Business Angel Network (LatBAN) operates as a community platform and network organization — not a single unified software product — connecting angel investors with high-growth startups. Its core offerings include the Members Portal for deal access and management, the Dealum online platform for startup application submissions, and a Syndicate Investment Program structured through ASP Asset Management. Supplementary services encompass the Angel Training Course (educational program for investors), Investor Study Trip to Riga (ecosystem tour), Monthly Pitch Events (investor-startup matching), the annual Gada Investors Awards ceremony, the Connect2Scale/Investment Lighthouses cross-border collaboration initiative, and a Fund Members Program for institutional investors. LatBAN does not offer a public or partner-facing API.

Differentiator

Problem solved

Functional benefit

Products and services

• LatBAN Members Portal

Quantifiable outcome

• More than 15M EUR invested in startups
• +2 more outcomes

Named customers5 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

Partnerships

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

• TechChillflagshipGTM or Marketing Partner · 30 March 2026LatBAN partners with TechChill Riga's annual Founders Battle pitch competition and flagship events. LatBAN members participated in the 2026 event where a Latvian space energy startup won the top prize and Ybil received EUR 150,000 from LatBAN.
• ASP Asset Management AIFPcoreStrategic or Co-development PartnerLatBAN syndicate investments are organized in collaboration with ASP Asset Management, an alternative investment fund manager registered with the Latvian Central Bank. This partnership streamlines deal execution, handles legal and financial structuring, and provides a clear framework for angel investors to co-invest in promising startups. Contact persons: Ansis Spridzāns and Ģirts Līcis.
• EBAN (European Business Angels Network)flagshipStrategic or Co-development PartnerPartnership through Connect2Scale EU project, connecting LatBAN with European Business Angel Networks for cross-border investment facilitation and knowledge sharing.
• EstBAN (Estonian Business Angels Network)flagshipStrategic or Co-development PartnerConnect2Scale partner - sister BAN network for cross-border deal flow and regional investment collaboration.
• FiBAN (Finnish Business Angels)flagshipStrategic or Co-development PartnerConnect2Scale partner - collaborated on investments such as Granarium Technologies pre-seed funding round.
• LitBAN (Lithuanian Business Angels Network)flagshipStrategic or Co-development PartnerConnect2Scale partner - sister BAN network for Baltic regional investment collaboration.
• CIVITTAcoreStrategic or Co-development PartnerConnect2Scale EU project partner providing consulting and advisory services for cross-border investment opportunities.
• DealumcoreTechnology or IntegrationOnline deal platform used by LatBAN where startups can submit pitch decks and business plans, giving them increased visibility and accessibility to the LatBAN investor network.
• StartinminorGTM or Marketing PartnerLatBAN partner ecosystem organization.
• Digitalo Inovāciju PārskatiminorGTM or Marketing PartnerLatBAN partner ecosystem organization.
• LIAA (Latvian Investment and Development Agency)minorGTM or Marketing PartnerLatvian government agency supporting business development, partner in LatBAN ecosystem.
• LVCA (Latvian Private Equity and Venture Capital Association)flagshipStrategic or Co-development PartnerJoint initiative partner for Gada Investors awards since 2015, co-organizing the annual ceremony to honor Latvian investors and industry supporters.
• UniLabminorGTM or Marketing PartnerLatBAN corporate member and ecosystem partner, biotechnology company.
• CrowdedHerominorGTM or Marketing PartnerCrowdfunding platform, LatBAN corporate member.
• Buildit AcceleratorcoreChannel Partner/ Reseller/ DistributorBaltic accelerator program, LatBAN corporate member. Partners on startup discovery and pitch events for LatBAN investors.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Emerging players

• Buildit Accelerator: Buildit is a Baltic hardware/IoT-focused accelerator and investment fund that co-invested with LatBAN at TechChill Founders Battle 2026. Comparable as an emerging early-stage investor and deal-sourcing channel in the same geography.

Others

• TechChill: TechChill is the flagship Baltic startup and technology conference, hosting events such as the Founders Battle pitch competition where LatBAN deploys angel capital. Comparable as a key ecosystem partner and deal-sourcing channel rather than a direct capital competitor.

Broad incumbents

• European Business Angels Network (EBAN): EBAN is the pan-European umbrella federation of business angel networks and early-stage investors. Comparable as the higher-order ecosystem body that LatBAN participates in through Connect2Scale and that represents the broader category of angel investing infrastructure.

Direct peers

• Estonian Business Angels Network (EstBAN): EstBAN is the Estonian sister angel network, a membership-based organization connecting angel investors with Estonian and Baltic startups. Directly comparable in mission, structure, and cross-border collaboration via Connect2Scale.
• Finnish Business Angels Network (FiBAN): FiBAN is the Finnish business angel association, the largest BAN in the Nordics, connecting investors with startups. Comparable as a regional peer and a direct Connect2Scale co-investment partner on rounds such as Granarium Technologies.
• Lithuanian Business Angels Network (LitBAN): LitBAN is the Lithuanian sister angel network, structured as a membership association supporting early-stage investment in Lithuania and the Baltics. Directly comparable as a fellow Baltic BAN and Connect2Scale partner.

Regional players

• BADideas.fund: BADideas.fund is a Baltic/Nordic angel fund that co-invested with LatBAN in Spotwise. Comparable as a small, regionally-focused angel fund operating in the same deal-sourcing ecosystem.
• FIRSTPICK: FIRSTPICK is a Baltic-focused pre-seed and seed VC fund investing in B2B SaaS, Fintech, Marketplace, and Deep Tech. Comparable as a regional early-stage capital provider whose deal-making overlaps with LatBAN's angel syndicate activity.
• Practica Capital: Practica Capital is a Baltic VC fund focused on early-stage technology companies. Comparable as a regional institutional investor whose rounds overlap with LatBAN's investment geography and stage.
• Outlast Fund: Outlast Fund is a Baltic pre-seed and seed investor that co-invested alongside LatBAN in rounds such as Spotwise at TechChill 2026. Comparable as a regional early-stage investor addressing the same founder pool.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/latbanlv
• LinkedInlinkedin.com/company/latvian-business-angels-network

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds

Investors

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

M&A

Investments11 records

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

Frequently asked questions about Latvian Business Angel Network