Luxembourg Business Angel Network (LBAN)

What Luxembourg Business Angel Network (LBAN) does

Luxembourg Business Angel Network (LBAN) is a non-profit association (ASBL) founded in 2011 and headquartered in Luxembourg City. It operates as an intermediary in the early-stage investment market, connecting a network of 200+ business angels, executives, and investment professionals with startups seeking seed to pre-Series A capital (typically €200K–€2M rounds at €1M–€10M valuations) in Luxembourg, the Greater Region, and increasingly across Europe. To date, members have collectively invested nearly €65 million across roughly 170 startups, deploying approximately €6–8 million annually into around 15 companies per year.

LBAN is a services platform rather than a technology company. Its core offering bundles a curated deal-flow pipeline screened by an Investment Committee (run on the third-party Dealum platform) with monthly pitching sessions (7-minute pitch plus 5-minute Q&A), the LetzGrow co-investment vehicle that lets members enter deals with smaller, diversified tickets, and Angel Academy, a modular three-level training programme on early-stage investing built around real portfolio case studies. In 2026 it added a Space Vertical, a sector-focused initiative backed by a strategic partnership with the Luxembourg Space Agency. Members also gain access to pan-European deal flow through a partnership with VC firm Verve Ventures.

As an ASBL, LBAN funds operations through recurring membership fees rather than carry or fund-management economics: Individual Membership at €500/year, Associate Partnership (corporate/family office, up to three persons) at €5,000/year, plus pay-as-you-go Angel Academy modules priced at €200–€375 each. Go-to-market is community- and event-led, reinforced by a dense web of ecosystem partnerships (Luxinnovation, Chamber of Commerce, Technoport, SNCI, Big Four firms, law firms). The organization is governed by an annually elected Board (President Michel Rzonzef, VP Romain Hoffmann) and run by a small professional team of 1–10, including Manager Teona Khubutia and Deal Flow Manager Ben Hoffmann.

Name

Luxembourg Business Angel Network (LBAN)

Legal name

Luxembourg Business Angel Network

Website

https://lban.lu

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

1–10 employees

Short description

LBAN is a Luxembourg non-profit business angel network (founded 2011) connecting 200+ angel investors with seed and pre-Series A startups through curated deal flow, monthly pitching sessions, a co-investment vehicle, and investor training across Luxembourg, the Greater Region, and Europe.

Ownership category

akta.pro rank

Product category

Angel Investing Network Services

NAICS

Funds, Trusts, and Other Financial Vehicles (525)

SIC

Investment Advice (6282)

akta.pro primary industry

Micro-VC & Angel Funds (FSANAAAI)

akta.pro secondary industry

Early-Stage Venture Capital (Series A/B) (FSANAAAB)

Keywords

• Angel investing network
• Early-stage investment
• Startup funding
• Business angel services
• Co-investment vehicle

Headquarters

HQ city

Luxembourg

HQ country

Luxembourg

HQ region

Europe

Offices2 records

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: Annual membership fee providing access to deal-flow, pitching sessions, co-investment opportunities, networking events, and Angel Academy training.
2. Associate Partnership: Corporate/organizational membership allowing up to 3 persons with hosting rights, event visibility, and AGM attendance.

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels7 records

Core offering

LBAN is a non-profit business angel network that curates deal-flow from early-stage startups and presents it to a membership of 200+ private investors through monthly pitching sessions, an Investment Committee screening process, and a co-investment vehicle (LetzGrow). It also delivers structured angel-investor training via the Angel Academy and runs a specialized Space Vertical for space-industry startups in partnership with the Luxembourg Space Agency.

Product overview

Luxembourg Business Angel Network (LBAN) is a business angel network organization (ASBL founded 2011) that connects private investors with early-stage startups, offering a platform of services rather than a single software product. The core offering consists of Angel Academy (a modular training programme on early-stage investing), LetzGrow (a co-investment vehicle for pooled angel investing), Deal Flow & Pitching Sessions (monthly pitching events connecting startups with 200+ business angels), and Space Vertical (a specialized investment vertical for space industry startups with Luxembourg Space Agency partnership). LBAN also provides membership with AGM attendance, networking events, investment documents, and access to pan-European deals through VC partnerships.

Differentiator

Problem solved

Functional benefit

Brands

• Angel Academy: A modular training programme on basic and advanced knowledge of early-stage investing, further strengthened by real-life case studies.
• Space Vertical
• LetzGrow

Products and services

• LBAN Membership Annual membership providing access to curated deal-flow, monthly pitching sessions, networking events, AGM attendance and voting rights, Angel Academy events, Lunch and Learn sessions, and co-investment participation opportunities such as LetzGrow.
• Deal Flow & Pitching Sessions Curated deal-flow service combining a centralized startup-screening platform with monthly in-person pitching sessions where screened startups present to 200+ LBAN members for 7 minutes followed by 5 minutes of Q&A, facilitating investment connections.
• Angel Academy

Quantifiable outcome

• €65 million invested in ~170 startups since inception
• +2 more outcomes

Named customers1 record

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

20 partnerships are on record, tiered minor and core.

• Deloitte LuxembourgminorStrategic or Co-development Partner · 20 April 2026Hosted the LBAN Space Investment Workshop in April 2026, bringing together business angels, VCs, entrepreneurs, and institutional leaders.
• WOUD Law FirmcoreStrategic or Co-development Partner · 2 April 2026Strategic partner providing legal expertise to the ecosystem. WOUD offers pragmatic, business-oriented legal advice for startups and investors, supporting deal structuring and fundraising.
• Luxembourg Space Agency (LSA)coreStrategic or Co-development PartnerStrategic partnership to support LBAN's Space Vertical initiative aimed at fostering innovation and investment in the space sector. LSA CEO Marc Serres stated the partnership supports developing the space ecosystem and bridging the investment community with the space landscape.
• Verve VenturescoreStrategic or Co-development PartnerPartnership with leading European VC firm to widen investment scope for LBAN members, enabling access to Pan-European deals and more mature Series startups.
• LuxinnovationcoreStrategic or Co-development PartnerKey ecosystem partner supporting Luxembourg's startup and innovation ecosystem. Multiple partnerships and collaborations within the ecosystem.
• Chamber of Commerce Luxembourg (CC)coreStrategic or Co-development PartnerOfficial partner supporting the entrepreneurial ecosystem in Luxembourg.
• Startup LuxembourgcoreStrategic or Co-development PartnerOfficial partner of the Luxembourg startup ecosystem, part of the national startup support structure.
• TechnoportcoreStrategic or Co-development PartnerTech incubator and partner supporting tech startups in Luxembourg.
• Social Business IncubatorminorStrategic or Co-development PartnerPartner supporting social impact startups and investment in Luxembourg.
• EY LuxembourgminorStrategic or Co-development PartnerProfessional services firm partner providing expertise to the ecosystem.
• LoyensminorStrategic or Co-development PartnerLegal services firm partner supporting the ecosystem.
• Baker Tilly LuxembourgminorStrategic or Co-development PartnerAudit and advisory services partner.
• Gener8tor LuxembourgminorStrategic or Co-development PartnerInvestment accelerator partner with operations in Luxembourg.
• NOW PartnersminorStrategic or Co-development PartnerEcosystem partner supporting innovation and startups.
• LaidebeurminorStrategic or Co-development PartnerLegal services partner for the ecosystem.
• AtozminorStrategic or Co-development PartnerProfessional services partner (advisory, tax, audit).
• DedicatedminorStrategic or Co-development PartnerProfessional services partner.
• CaystoneminorStrategic or Co-development PartnerBusiness services partner.
• Banque de LuxembourgminorStrategic or Co-development PartnerHosted the 2026 Annual General Assembly. Partnership for institutional collaboration.
• SNCI (Société Nationale de Crédit et d'Investissement)coreStrategic or Co-development PartnerState investment bank focused on scale funding. Keynote at LBAN summer event explored collaboration between institutional and private investors for startup funding journeys.

Scale indicators8 records

Recent moves2 records

Broad incumbents

• Keiretsu Forum: Global multi-chapter angel network with 3,000+ members across 50+ chapters worldwide. Compares to LBAN in network-based angel investing model with curated deal flow, pitch events, and educational programming.
• European Business Angels Network (EBAN): Pan-European umbrella organization for business angel networks; represents LBAN's broader industry association and directly comparable as a network-of-networks model that facilitates angel investment across Europe.
• Techstars Investor Network (AngelList Roll-up): Techstars-affiliated angel syndication platform giving accredited investors access to curated early-stage deals from Techstars' global accelerator portfolio. Comparable function as an angel deal-flow aggregator.

Direct peers

• SeedBlink: European equity-crowdfunding platform that pools retail and angel capital into seed-stage deals. Comparable to LBAN's LetzGrow co-investment vehicle and broader angel syndication function, with broader geographic scope.
• Business Angels Netzwerk Deutschland (BAND): Germany's national business angel network federation with similar model to LBAN: collective pooling of angel members, deal-flow curation, training programs, and policy advocacy. Comparable mission and structure to LBAN's Luxembourg operation.
• France Angels: Largest national federation of business angel networks in France, with 6,500+ investors and €50M+ deployed annually. Directly comparable to LBAN as a regional/national angel umbrella with training, deal curation, and pitch events.
• Swiss Angels / SECA: Swiss Private Equity & Startup Capital Association; national network of angel investors in Switzerland. Highly comparable to LBAN in operating model—national association, deal-flow curation, training, regular pitch events—in a similarly small market.
• Cambridge Angels: UK-based syndicate of ~80 private investors backing deep-tech and life-science startups. Same structure as LBAN: active angels pooling capital through curated pitching sessions, monthly meetings, and active mentorship.

Emerging players

• AngelList Venture: Online platform enabling angel syndication and rolling funds. Competes with LBAN's traditional in-person model by providing frictionless deal access globally; functionally adjacent to LBAN's deal-flow platform.

Regional players

• Startup Luxembourg: National startup ecosystem platform that connects LBAN-class angels and VCs with Luxembourg-based startups; direct regional partner and overlapping membership base with LBAN.

Market position

Strengths5 records

Weaknesses5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xtwitter.com/lban_lux
• Facebookfacebook.com/LuxembourgBusinessAngelNetwork
• LinkedInlinkedin.com/company/lban-luxembourg-business-angel-network
• Instagraminstagram.com/luxembourg.ban

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds

Investors

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

M&A

Investments17 records

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

Frequently asked questions about Luxembourg Business Angel Network (LBAN)