FiBAN - Finnish Business Angels Network

What FiBAN - Finnish Business Angels Network does

FiBAN - Finnish Business Angels Network (legally Finnish Business Angels Network ry) is a Helsinki-based nonprofit association founded in 2010 that operates one of Europe's largest and most active business angel networks, recognized as the Best Performing Business Angels Network in Europe at EBAN Congress 2026. The organization connects approximately 630 angel investor members and 65 corporate/VC partners with early-stage Finnish startups through a structured deal flow platform, flagship pitching events (Pitch Finland, DECOI), certified training programs (Certified Angel Training, Lead Angel Academy), and the FiBAN Member Portal launched in Q1 2025. FiBAN's members have invested a cumulative 526 million euros across more than 2,100 startups since 2011, with 57 million euros deployed in 2025 alone. The network serves a dual customer base: angel investors seeking quality deal flow, co-investment, and professional development, and Finnish startups seeking median seed rounds of up to 300,000 euros, all services to startups being free of charge.

FiBAN's revenue model combines individual angel membership fees (475 EUR per member annually), corporate partner and sponsorship fees, and revenue from certified training and event services. Distribution is executed through 87 events per year (including the FiBAN Angel Gala), a regional partner network spanning Finnish cities (Business Helsinki, Business Joensuu, Business Oulu, etc.), a centralized Member Portal, a weekly newsletter, and a ~12,000-follower LinkedIn presence. Strategic partnerships with Nordea (pre-approved startup credit), Danske Bank (Wealth Plan for members), KPMG (legal/tax/IP advisory), Epicenter (Helsinki innovation hub), Innovestor (co-investment via the 30M EUR Kanssasijoitusrahasto), Tesi (defence and dual-use financing), and cross-border angel networks (EstBAN, Business Angels of Slovenia under the EU-funded 4NGELS program) extend FiBAN's value proposition well beyond simple deal matching.

Operationally, FiBAN runs a 6-person core team (CEO Tiina Laisi-Puheloinen, COO Milja Mäkelä, Deal Flow Manager Miikka Miettinen, Training & Development Manager Mari Kirjalainen, Data Engineer Ivan Helin, Communications & Marketing Specialist Olga Kauvosaari) supported by a 13-member Board chaired by Framery co-founder Ilkka Kaikuvuo. The organization is exploring AI-driven startup-investor matching and generative AI tools through an internal AI Taskforce, while also expanding into new verticals via Creative Angels (creative industries) and DECOI (defence/dual-use startups). Portfolio outcomes include the Framery IPO on the Helsinki Stock Exchange in 2025, the Silo.AI acquisition, and €4 billion in revenue generated across angel-funded portfolio companies representing roughly one third of Finland's startup ecosystem.

Name

FiBAN - Finnish Business Angels Network

Legal name

Finnish Business Angels Network ry

Website

https://fiban.org

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

11–50 employees

Short description

FiBAN is a Helsinki-based nonprofit angel investor network connecting approximately 630 angel investors and 65 partners with Finnish early-stage startups through its Member Portal, flagship Pitch Finland events, and certified training programs, with members having invested 526M EUR across 2,100 startups since 2011.

Ownership category

akta.pro rank

Product category

Angel Investing Network

SIC

Investment Advice (6282), Services-Membership Organizations (8600)

akta.pro primary industry

Micro-VC & Angel Funds (FSANAAAI)

Keywords

• Angel investor network
• Early-stage startup funding
• Deal flow platform
• Angel investment training
• Investor community services

Headquarters

HQ city

Helsinki

HQ country

Finland

HQ region

Europe

Offices1 record

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 fees charged to angel investors for access to deal flow, networking events, training, and the FiBAN community. Annual fee is 475 EUR per member.
2. Partner Fees: Fees charged to corporate partners, VCs, and ecosystem organizations for membership, sponsorship, and collaboration within the FiBAN network.
3. Event and Training Services: Revenue from Certified Angel Training programs, Lead Angel Academy, and other educational services provided to members and external participants.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels9 records

Core offering

FiBAN operates a nonprofit angel investor network connecting 600+ angel investors with Finnish early-stage startups seeking funding. It provides deal flow infrastructure, a member portal, certified angel training, pitching events (Pitch Finland, DECOI), startup clinics, and the Creative Angels® initiative. The network supports co-investing, syndication, and professional investor education across Finland and the broader Nordic-Baltic ecosystem.

Product overview

FiBAN is a business angel network operating as a platform-plus-services model. The core offering consists of a network connecting 600+ angel investors with startups seeking early-stage funding, delivered through the FiBAN Member Portal digital hub. Supporting services include Pitch Finland pitching events, DECOI defence startup competition, Creative Angels® creative industries initiative, Certified Angel Training programs, FiBAN Startup Clinics, and the FiBAN Angel Awards recognition program. The organization also produces angel investment data and research for the Finnish startup ecosystem.

Differentiator

Problem solved

Functional benefit

Brands

• Creative Angels: A FiBAN initiative focused on mapping and unlocking the investment potential of the creative industries and connecting angel investors with creative entrepreneurs.
• Pitch Finland
• Certified Angel Training
• Lead Angel Academy
• DECOI

Products and services

• FiBAN Annual Membership
• Pitch Finland
• DECOI (Defence Ecosystem of Innovators)
• Certified Angel Training
• FiBAN Startup Clinics
• Creative Angels®
• FiBAN Member Portal
• FiBAN Partner Program
• Angel Investment Data & Research

Quantifiable outcome

• 630 angel investors and 65 partners in the network
• +3 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability2 records

Feature2 records

Partnerships

Eleven partnerships are on record, tiered core and minor.

• EpicentercoreStrategic or Co-development Partner · 30 January 2026FiBAN and Epicenter entered into a partnership agreement bringing two key players in the Finnish startup ecosystem into close collaboration. FiBAN becomes a member of Epicenter while Epicenter becomes a member company of FiBAN. The partnership includes joint events supporting founders at different growth stages, investor meetings, sparring, and networking opportunities across industries.
• NordeacoreGTM or Marketing PartnerNordea provides conditional pre-approved credit decisions to startups selected to pitch at Pitch Finland after going through FiBAN's dealflow process. Startups can combine debt and equity financing, with pre-approved credit approval serving as a positive signal to investors. FiBAN applies to Nordea through a single application covering both services.
• Danske BankcoreGTM or Marketing PartnerDanske Bank offers FiBAN members a free personal Wealth Plan created together with wealth management professionals, plus Premium service at half price and Private Banking services with free Continuing Power of Attorney for first Wealth Plan. The partnership provides financial planning benefits to angel investors managing their assets.
• KPMGcoreImplementation/ SI/ Consulting PartnerKPMG provides services for the FiBAN community including advice on taxation, legal and IPR matters, employment issues and incentive programs. KPMG specialists cover audit, accounting, cyber security, fundraising support, valuation, due diligences, legal structure for market entries, growth strategy, exit options and IPO guidance.
• ShevestmentsminorGTM or Marketing PartnerInitiative dedicated to supporting female investors and women-led growth companies. FiBAN collaborated with Shevestments to organize events encouraging more women to become angel investors.
• Nordic Defence Startup EcosystemcoreStrategic or Co-development PartnerFiBAN serves as a key funding gateway for defence and dual-use startups, bringing together angels, VCs, and significant industry players across the Baltic-Nordic region. Coordinates DECOI (Defence Ecosystem of Innovators) competition, one of the largest defence startup pitch competitions in Northern Europe.
• Suomen startup-yhteisö (Finnish Startup Community)coreStrategic or Co-development PartnerFiBAN collaborates with the Finnish Startup Community on research including a study on the impact of angel investors on the Finnish startup ecosystem, producing joint publications on startup financing and employment.
• EstBAN (Estonian Business Angels Network)minorStrategic or Co-development PartnerBaltic counterpart network participating in joint initiatives like 4NGELS cross-border investing program funded by the EU, connecting business angels from different European countries.
• Business Angels of SloveniaminorStrategic or Co-development PartnerInternational sister network recognized as SisterBAN of the Year 2025 for highly proactive cooperation across multiple joint initiatives including 4ngels and Connect2Scale programs.
• 4NGELS ConsortiumminorStrategic or Co-development PartnerEU-funded project bringing together four business angel networks (EstBAN, FiBAN, Business Angels of Slovenia, COBIN Angels) coordinated by CIVITTA, focused on cross-border investing and connecting European business angels.
• HubSpot for StartupsminorGTM or Marketing PartnerHubSpot provides startup-focused CRM and growth tools to FiBAN member companies at preferential rates, helping startups manage customer relationships and scale their businesses.

Scale indicators15 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• EBAN (European Business Angels Network): Pan-European trade body that just named FiBAN Best Performing Network in Europe. EBAN is the umbrella industry organization connecting national angel networks across Europe and runs the EBAN Congress.
• StartupAngels / World Business Angels Investment Forum (WBAF): Global angel-investing organization affiliated with G20. Comparable in catalyzing and connecting business angel networks worldwide, operating at a broader (global) scale than FiBAN's regional focus.

Direct peers

• Business Angels of Slovenia: Slovenian national angel network, recognized by FiBAN as SisterBAN of the Year 2025. Operates the same network-plus-events-plus-training model and partners with FiBAN in 4NGELS and Connect2Scale.
• Innovestor: Finnish early-stage investor managing the Kanssasijoitusrahasto co-investment fund (€30M) that frequently matches FiBAN angel rounds. Closely co-invests with FiBAN angels and shares deal flow.
• EstBAN (Estonian Business Angels Network): Estonia's national business angel network and a direct peer within the Nordic-Baltic ecosystem. EstBAN and FiBAN are co-partners in the EU-funded 4NGELS cross-border investing consortium and frequently co-invest in regional deals.
• COBIN Angels (Croatia): Croatian business angel network participating alongside FiBAN in the 4NGELS consortium. Comparable angel-network model targeting early-stage startups in a smaller national market.

Others

• Slush: Helsinki-based founder and investor tech conference that, while not a peer in the angel-network sense, is an adjacent ecosystem player deeply intertwined with FiBAN's startup community and angel events.

Regional players

• Danish Business Angels (DanBAN): Denmark's national business angel network. Comparable membership-and-events model for angel investors in a neighboring Nordic market with overlapping cross-border deal flow.
• Swedish Business Angels Network (SwBAN): Sweden's national angel network, addressing the same early-stage market in an adjacent Nordic country. Operates a similar deal-flow, training, and events model for Swedish angels and founders.
• Nordic Angel Program / Nordic Angels: Cross-Nordic angel investing initiative. Comparable in mission of channeling angel capital into Nordic startups, complementing FiBAN's Finland-anchored operations.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/177089375797540
• LinkedInlinkedin.com/company/3318607
• Xx.com/FiBAN_org

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

Investments13 records

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

Frequently asked questions about FiBAN - Finnish Business Angels Network