LB

Latvian Business Angel Network

Europe, Riga, Latvia, Riga

Description

The Latvian Business Angel Network (LatBAN) brings together highly experienced entrepreneurs - business angels.

Investor Profile

Latvian Business Angel Network has backed more than 8 startups, with 5 new investments in the last 12 months alone. The firm has led 6 rounds, about 75% of its total and boasts 0 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Pre Seed, Grant, Seed rounds (top funding stages).
  • Majority of deals are located in Latvia, Ukraine, United States.
  • Strong thematic focus on Information Technology, Agriculture, Crowdfunding.
  • Led 5 rounds in the past year.

Stage Focus

  • Pre Seed (38%)
  • Grant (25%)
  • Seed (25%)
  • Series Unknown (13%)

Country Focus

  • Latvia (63%)
  • Ukraine (13%)
  • United States (13%)

Industry Focus

  • Information Technology
  • Agriculture
  • Crowdfunding
  • Crowdsourcing
  • Real Estate
  • Industrial Manufacturing
  • Consulting
  • Lending
  • Service Industry
  • Advertising
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Latvian Business Angel Network frequently co-invest with?

JALE Beteiligungs GmbH
Europe, Bayern, Germany, Gräfelfing
Co-Investments: 1
T
Europe, Riga, Latvia, Riga
Co-Investments: 1
Buildit Accelerator
Europe, Riga, Latvia, Riga
Co-Investments: 1
Fiedler Capital
Europe, Budapest, Hungary, Budapest
Co-Investments: 1
Trind Ventures
Europe, Harjumaa, Estonia, Tallinn
Co-Investments: 1
BADideas.fund
Europe, Riga, Latvia, Riga
Co-Investments: 1
Co-Investments: 1

What are some of recent deals done by Latvian Business Angel Network?

Exonicus

Seattle, Washington, United States

Transforming Training, Saving Lives: Achieve 230-300% Better Performance with Simulation.

EducationInformation TechnologyMedicalSimulation
SeedMay 30, 2025
Amount Raised: $96,409
POSfinance

Riga, Riga, Latvia

POSfinance is a financial services company that offers small and medium-sized enterprises with access to flexible revenue-based financing.

CreditFinanceFinancial Services
Pre SeedMay 27, 2025
Amount Raised: $313,529
Adventum Tech

Riga, Riga, Latvia

Adventum Tech specialises in creating hardware and software for construction, manufacturing, mobility, and energy sectors.

ConstructionHardwareManufacturing
SeedMay 23, 2025
Amount Raised: $284,245
Tournated

Jurmala, Riga, Latvia

Tournated is an all-in-one sports management software that empowers sports organizations to create and manage their own platforms seamlessly

Information TechnologyMarketplaceSaaSSportsTennis
GrantFeb 12, 2025
Amount Raised: $51,962

A B2B SaaS platform that leverages global ad library data with AI-driven insights to improve ad campaign performance.

AdvertisingDigital MarketingMarketingSoftware
GrantFeb 8, 2025
Amount Raised: $61,968
Cellbox Labs

Riga, Riga, Latvia

Cellbox Labs offers industrialized organ-on-chip technology.

Industrial ManufacturingInformation Technology
Pre SeedMay 10, 2024
Amount Raised: $1,007,815
InGain

Lviv, L'vivs'ka Oblast', Ukraine

InGain is a no-code SaaS loan management system that enables lenders and organizations across industries.

ConsultingInformation TechnologyLendingService Industry
Series UnknownApr 18, 2024
Amount Raised: $691,766
LANDE

Riga, Riga, Latvia

LANDE is a crowdfunding platform focused on financing the agricultural sector.

AgricultureCrowdfundingCrowdsourcingReal Estate
Pre SeedSep 7, 2022
Amount Raised: $549,889

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