BANA Angels

BANA Angels, formally known as the Business Angel Network of Armenia (BANA), is a significant angel investment group with deep roots in the Armenian entrepreneurial ecosystem. While the specific entity queried is located in Delevan, New York, the network's core identity and operations are centered in Armenia, where it was established in 2017 as the country's first and largest business angel network. BANA Angels leverages a global network of investors, entrepreneurs, and executives, many with Armenian heritage, to identify and support promising early-stage startups.

The network primarily focuses on ventures with high growth potential, particularly within the technology sector. Their investment thesis spans a wide array of sub-sectors, including FinTech, Artificial Intelligence, SaaS, HealthTech, EdTech, and AgriTech. BANA Angels is known for providing crucial seed capital, with typical first cheque sizes ranging from $25,000 to $250,000, demonstrating their commitment to nurturing nascent companies from their earliest stages.

BANA Angels distinguishes itself through its robust network of over 100 experienced angel investors. This diverse membership not only contributes capital but also provides invaluable mentorship, strategic guidance, and access to extensive professional networks, significantly enhancing the growth trajectory of their portfolio companies. To date, the network has actively supported the startup ecosystem by making over 30 investments, showcasing its consistent engagement in fostering innovation and economic development. They also operate a BANA Seed Fund, which frequently co-invests alongside their angel members, further solidifying their support for early-stage ventures.