Danish Business Angels

In Danish Business Angels (DanBAN) they have more than 300 private investors who invest in startups nationally and internationally. At DanBAN, startups can seek capital among our members and take part in a network of partners, private individuals and companies who are passionate about growth companies. 

Their members have expert knowledge within industries. The investors who indicate an interest in your startup will typically be experts within exactly your startup's niche. The DanBAN members also have extensive experience in scaling startups, and the combination of their investment, experience and expert knowledge is what can lift your startup to completely new heights. 

At Danish Business Angels, they welcome all startups that seek investment and expert knowledge from our business angels. Danish Business Angels – DanBAN is 100% financed by our members and partners via an annual subscription. It is free for startups to apply for the opportunity to pitch in front of our members at well-organized pitch events. DanBAN does not charge any kind of commission when an investment in a startup has taken place.

The DanBAN investors typically invest at an early stage in scalable startups with a good team and great potential. DanBAN has over 300 investors, all with different investment preferences. They recommend that startups have at least a working MVP before it makes sense to apply.

The investors typically make investments after the founders, friends and family have financed the start-up themselves, and before or at the same time as the first round of venture capital.

The fund invests in start-ups and scale-ups in pre-seed and seed with a valuation of up to DKK 40 million DKK. There must be a Lead Angel or VC investor. The company must be based in the New Nordics (Scandinavia + Finland and the Baltics).

The fund's purpose is to co-invest in start-ups and scale-ups in the pre-seed and seed segment for companies with a valuation that, in connection with the fund's initial investments, amounts to up to DKK 40 million, and in connection with this possibly to grant loans (bridge loans and subordinated loans, including convertible loans).

The fund makes its investments in accordance with an investment policy and strategy adopted by the investors, which i.a. implies that the Fund only invests together with one or more lead investors.ç

The fund can invest both as equity, SAFE notes and convertible loans. The fund can invest directly or together with the other investors via a separate syndication company.

The fund matches up to 100% of the investment made by the other investors. It is the board of directors of the fund that assesses specific investment opportunities and approves investments. Their ticket size is typically between DKK 0.5 and 1.5 million. DKK.

They invest on the same terms as the other investors, but do not take an active or lead role, nor do they want board positions afterwards. The fund does not come with strange conditions with lowercase letters such as requirements for veto rights, minimum return, exit or performance bonus etc. They can both invest in first-time investments or participate in a follow-up investment round, together with the existing investors.