Norwegian Business Angel Network

What Norwegian Business Angel Network does

Norwegian Business Angel Network (NorBAN) is Norway's national interest organization for individual Business Angels, structured as a member-based association headquartered in Oslo. Its core function is to connect high-net-worth individuals who invest their own capital into early-stage Norwegian startups with a curated dealflow pipeline, structured investor training, and a network for co-investment. NorBAN serves three primary constituencies: angel investors themselves (organized via tiered Insider, Angel Investor and Super Angel memberships at NOK 2,950, 9,950 and 15,950 per year respectively, all ex-VAT), early-stage startups seeking funding (accessed via a public submission form and Investor/Commercial Partner programs at NOK 5,990/year), and regional or thematic angel networks across Norway and the wider Nordics that plug into NorBAN's programming. Revenue is dominated by recurring annual subscription fees across these tiers, supplemented by EU and Nordic Council grant co-funding tied to specific programs (Nordic Angel Program 2017-2019, NABAN 2023-2025, Allon_I3 2024, Erasmus for Young Entrepreneurs 2025-2028) and event sponsorships.

The underlying technology stack is a service-layer rather than a product-layer architecture: CrowdWorks powers community and investor relations, Notata supports structured startup evaluation during training cohorts, Funderbeam enables public fundraising campaigns, Invesdor handles syndicate fund transfer, and ContractZen manages e-signing for syndication documentation. A private Slack workspace serves as the member engagement layer. The go-to-market motion is community- and event-led: monthly Oslo meetups (Last Tuesday Angel Mixer, Startup Spotlight), twice-yearly 'Become an Angel Investor' courses, regional programs such as BAN Arctic, and outbound group trips to TechBBQ, Slush, GoWest, TechArena and TONIK create ongoing top-of-funnel and retention touchpoints.

Operationally, NorBAN runs a deep partnership graph — affiliate memberships with EBAN (450+ European member organizations), SMB Norway and Abelia; co-development relationships with sibling national networks in Finland (FiBAN), Estonia (EstBAN), Denmark (DanBAN) and the Faroe Islands (FarBAN); and multi-year collaborations with EYE, Allon_I3 and the AI+ conference. The organization is led by Chair Svein-Magnus Sørensen and General Secretary Rita Anson, with senior advisor figures including General Manager Jørn Lein-Mathisen (full-time angel since approximately 2017) and former Chair Åsmund Johan Mandal (~70 angel investments).

Name

Norwegian Business Angel Network

Legal name

NorBAN - Norwegian Business Angel Network

Website

https://norban.no

Company type

Private

Founded year

2007

Operating status

Operating

Short description

Norwegian Business Angel Network (NorBAN) is a Norway-based membership association connecting roughly 650 individual angel investors with early-stage startups through tiered annual subscriptions, structured training, and EU- and Nordic Council-funded cross-border programs. It also partners with regional angel networks and accelerators across the Nordics and North Atlantic to facilitate syndicate investments.

Ownership category

akta.pro rank

Headquarters

HQ city

Oslo

HQ country

Norway

HQ region

Europe

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Membership Fees: Annual membership fees from multiple tiers: Insider (NOK 2,950/year), Angel Investor (NOK 9,950/year), Super Angel (NOK 15,950/year), and Investment Partner (NOK 5,990/year). These provide recurring subscription revenue from angel investors and organizational partners seeking access to the deal flow network.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels8 records

Core offering

NorBAN (Norwegian Business Angel Network) is a national interest association that operates a tiered membership network connecting high net-worth angel investors with early-stage startups in Norway and the Nordics. Its core deliverable is recurring annual memberships (Insider, Angel Investor, Super Angel, Investment Partner) that grant access to curated dealflow, structured investor training courses, monthly networking events, and cross-border investment programs.

Product overview

Norwegian Business Angel Network (NorBAN) is a national interest organization for Business Angels in Norway offering a tiered membership structure. The core offerings include Insider, Angel Investor, and Super Angel memberships providing access to dealflow, training, networking, and events. Additional programs include training courses (Become an Angel Investor), cross-border initiatives (Nordic Angel Program, Nordic Angel Forum, NABAN, Erasmus for Young Entrepreneurs), regional programs (BAN Arctic, Oslo International Angels), and conference partnerships (AI+ Matchmaking, TONIK Pitch Competition). The platform connects angel investors with startups through structured dealflow, training, and networking activities.

Differentiator

Problem solved

Functional benefit

Products and services

• Insider Membership Entry-level annual membership priced at NOK 2,950 per year providing exclusive dealflow from NorBAN and partners, member discounts, free access to monthly member events, NorBAN and InnoMag newsletters, a member profile in the business angel database, and access to a private Slack Workspace for Angel Investors.
• Angel Investor Membership Full annual membership priced at NOK 9,950 per year including all Insider-level benefits plus free access to NorBAN angel training and courses, affiliate memberships with EBAN, SMB Norway and Abelia, access to Innovasjonsportalen, and discounted access to premium services, training and conferences.
• Super Angel Membership Premium annual membership priced at NOK 15,950 per year for individuals with net fortune of NOK 10 million / EUR 1 million or more (excluding primary residence) and a portfolio of 25+ angel investments. Includes all Angel Investor benefits for the member plus Insider benefits for one colleague, priority event access, partner logo profiling, and personal staff support.
• Investment Partner Annual partnership tier priced at NOK 5,990 per year for investment companies, accelerators and service providers, offering partner profiling with logo online and at events, access to NorBAN events and activities, access to inbound dealflow with the option to promote deals to angels, and personal introductions in the Norwegian ecosystem.
• Commercial Partner Annual partnership tier for commercial businesses and service providers offering tailored angel services, customized access to the NorBAN investor network, and promotional opportunities to the exclusive member base.
• Become an Angel Investor Course Introductory training course for aspiring angel investors covering understanding angel investments, picking startups, due diligence, contracts, tax considerations, value creation, and portfolio building. Includes a complimentary 1-year NorBAN Insider membership upon completion.
• BAN Arctic Program Investor training program for Northern Norway covering startup contact and investment processes, with access to Arctic Accelerator startups. Co-organized with KUPA, SpareBank 1 NordNorge, SIVA Partner, and Innovation Norway.
• Oslo International Angels Program Training program guiding participants through their first early-stage startup investment with practical input from experienced presenters, 15+ startup pitches, voting rounds, due diligence on finalists, and group investment selection. Minimum investment NOK 15,000.
• Erasmus for Young Entrepreneurs EU-funded cross-border exchange program enabling new entrepreneurs to learn from experienced entrepreneurs in other countries through hands-on exchanges. NorBAN serves as the Norwegian Contact Point for the 2025-2028 program cycle.
• North Atlantic Business Angels Network (NABAN) Collaborative cross-border initiative strengthening investment ecosystem across Northern Norway, Greenland, Iceland, and the Faroe Islands, including investor training and cross-border networking. Backed by NORA.fo under Nordic Council of Ministers.
• TONIK Pitch Competition Annual pitch competition held within the TONIK innovation event in the Faroe Islands, including Startup Day preparation, a live pitch competition with DKK prizes up to 70,000, and an exhibition booth in the conference area.
• AI+ Startup Matchmaking 2026 Nordic conference on applied AI held in Halden, including an Investors & Startups Day designed for structured startup-investor matchmaking, curated investor dinners, and integration of Norwegian networks into the broader European AI investment ecosystem. NorBAN serves as the central matchmaking partner.
• Nordic Angel Program Cross-border training and investing program developed 2017-2019 with EU Horizon 2020 backing in coordination with FiBAN (Finland), EstBAN (Estonia), DanBAN (Denmark), and NordicBAN. Focused on ICT startups and scaleups with cross-border evaluation and investment; the program invested 575,000 EUR in four startups.
• Nordic Angel Forum 2022 Hybrid training program for investors in collaboration with Blender Collective and Innovatum Startup, held across Norway and Sweden with four sessions covering angel investing basics, startup evaluation, law and finance, and a demo day in Strömstad. Funded by Fredrikstad municipality, Västra Götalandsregionen and EU Interreg.

Quantifiable outcome

• Trained over 230 angels who invested NOK 15M+ in startups over 3 years
• +2 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

Integration7 records

Partnerships

24 partnerships are on record, tiered major, core and supporting.

• AI+ ConferencemajorStrategic or Co-development Partner · 1 January 2026NorBAN is organizing partner for the AI+ Nordic conference on applied AI in Halden. The Investors & Startups Day provides structured startup-investor matchmaking, with NorBAN facilitating dealflow matching with Norwegian angels.
• Erasmus for Young Entrepreneurs (EYE) ProgrammecoreStrategic or Co-development Partner · 1 January 2025NorBAN is the first and only Norwegian Contact Point for the EU-funded Erasmus for Young Entrepreneurs programme (2025-2028). The program enables new entrepreneurs to learn from experienced entrepreneurs in other countries through cross-border exchanges.
• Allon_I3 ConsortiumsupportingStrategic or Co-development Partner · 1 January 2024NorBAN is associated partner in the ERDF-backed Allon_I3 project strengthening interregional investment ecosystems across European regions including Bulgaria, Italy, Portugal, Greece, Cyprus, and Denmark.
• TONIK ConferencemajorStrategic or Co-development Partner · 1 January 2023NorBAN serves as community partner for the TONIK innovation event in the Faroe Islands. NorBAN General Secretary Rita Anson hosts the annual pitch competition. VIP group trips organized for NorBAN members to attend.
• FarBAN (Faroe Business Angels Network)majorStrategic or Co-development Partner · 1 January 2023Faroe Islands angel network established with support from NorBAN, now one of the most successful examples of business angel network development in the North Atlantic region.
• Blender CollectivesupportingStrategic or Co-development Partner · 1 January 2022Norwegian startup ecosystem partner co-organizing Nordic Angel Forum 2022 training program for investors in collaboration with Innovatum Startup.
• Innovatum StartupsupportingStrategic or Co-development Partner · 1 January 2022Swedish startup incubator co-organizing Nordic Angel Forum 2022 program with Business Angels Norway, hosted demo day in Strömstad.
• NordicBANcoreStrategic or Co-development Partner · 1 January 2018Coordination partner for Nordic Angel Program, an international cross-border training and investing program for business angels across Estonia, Denmark, Finland, and Norway.
• CivittacoreStrategic or Co-development Partner · 1 January 2018Coordinating partner with NordicBAN for the EU Horizon 2020-backed Nordic Angel Program.
• FiBAN (Finland)coreStrategic or Co-development Partner · 1 January 2018Finnish Business Angel Network - national partner for Nordic Angel Program and cross-border investment coordination.
• DanBAN (Denmark)coreStrategic or Co-development Partner · 1 January 2018Danish Business Angel Network - national partner for Nordic Angel Program and cross-border investment coordination.
• EstBAN (Estonia)coreStrategic or Co-development Partner · 1 January 2018Estonian Business Angel Network - national partner for Nordic Angel Program and cross-border investment coordination.
• EBAN (European Business Angel Network)coreGTM or Marketing PartnerAffiliate membership provides NorBAN members access to EBAN's European network of 450+ member organizations and resources. NorBAN serves as the Norwegian representative in the European angel ecosystem.
• SMB Norway (SMB Norge)coreGTM or Marketing PartnerAffiliate membership for NorBAN angels provides access to SMB Norway's small and medium business network and resources. Collaboration includes InvestorCruise events to conferences.
• AbeliacoreGTM or Marketing PartnerAffiliate membership provides NorBAN members with access to Abelia's technology and knowledge-intensive business community.
• NHO (Næringslivets Hovedorganisasjon)majorGTM or Marketing PartnerPartnership with Norway's largest organization for employers provides networking and advocacy benefits for NorBAN members.
• Nordic IgnitesupportingStrategic or Co-development PartnerNordic innovation ecosystem partner supporting startup and investor community development across the region.
• Open Innovation Lab of NorwaysupportingStrategic or Co-development PartnerInnovation lab partner providing ecosystem collaboration for startup support and development.
• Charge IncubatorsupportingChannel Partner/ Reseller/ DistributorStartup incubator partner providing dealflow pipeline and co-investment opportunities for NorBAN angels.
• InnoMAGsupportingGTM or Marketing PartnerInnovation magazine partner providing weekly newsletter content to NorBAN members as part of membership benefits.
• KUPAmajorStrategic or Co-development PartnerNorthern Norway startup accelerator and incubator network, co-organizer of BAN Arctic training program for angel investors.
• SIVAsupportingStrategic or Co-development PartnerSIVA Partner supporting Northern Norway startup ecosystem through BAN Arctic program and regional development initiatives.
• Sensen TravelsupportingGTM or Marketing PartnerTravel agency in Faroe Islands organizing NorBAN group trips to TONIK conference, providing transportation, lodging, and activity coordination for angel investors.
• HugskotidmajorStrategic or Co-development PartnerFaroe Islands startup accelerator organizing TONIK conference and pitch competition where NorBAN serves as community partner.

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• DanBAN (Danish Business Angels): Denmark's national business angel network. Direct Nordic peer participating alongside NorBAN in the Nordic Angel Program and cross-border syndication; comparable membership-driven structure and training-led GTM.
• FiBAN (Finnish Business Angels Network): Finland's national business angel network and NorBAN's direct Nordic counterpart. Both operate tiered memberships, run angel-investor training courses, and coordinate cross-border Nordic Angel Program activities; comparable size, mission, and member-acquisition motion.
• EstBAN (Estonian Business Angels Network): Estonia's national business angel network, Nordic Angel Program partner. Operates a similar membership-and-dealflow model for early-stage investors; comparable scale and angel-investor training approach.
• NordicBAN: Cross-Nordic coordination entity for business angels, co-coordinator with NorBAN of the Nordic Angel Program. Comparable in function (multi-country angel coordination) and target users (Nordic angels and ICT startups).
• FarBAN (Faroe Business Angels Network): Faroe Islands angel network established with support from NorBAN as part of the NABAN initiative. Operates the same membership/network model for HNW angels in a smaller geography; comparable mission and structure.

Broad incumbents

• EBAN (European Business Angel Network): Pan-European umbrella organization representing 450+ member business angel networks across Europe. Directly comparable as the continental-level angel network body of which NorBAN is a national member affiliate; serves a similar investor-coordination and policy-advocacy function at broader geographic scope.
• Keiretsu Forum: Global angel investment network with chapters across North America, Europe, and Asia. Comparable as a multi-chapter, membership-driven angel network connecting HNW investors with early-stage startups, but at significantly larger scale than NorBAN.
• UKBAA (UK Business Angels Association): United Kingdom's national trade body for angel and early-stage investment. Comparable as a larger, more established national angel association providing training, dealflow, and policy advocacy for its member angels.
• Angel Capital Association (ACA): North America's largest professional association for angel investors and angel groups. Comparable in serving as a membership-based industry body for early-stage investors, but at materially larger scale and with broader geographic reach.
• Tech Coast Angels: One of the largest and most active angel investor networks in the United States. Comparable as a structured membership organization providing dealflow screening, due diligence support, and education to accredited angel investors.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/norban.no
• LinkedInlinkedin.com/company/norwegian-business-angels-network---norban
• Instagraminstagram.com/norban.no

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

Investments

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

Frequently asked questions about Norwegian Business Angel Network