4. Estonian Business Angels Network,
EstBAN is an umbrella organization for
business angels seeking investment
opportunities in Estonia and its
neighboring regions.
Join us if you want to contribute to the
startup ecosystem with your funds and
know-how and want to experience the
satisfaction from this involvement.
5. Member pool
Founding members:
Villem Alango, Riivo Anton, Jaak Ennuste, Hardi Kampus, Marek Kiisa, Peeter
Klanberg, Andrei Korobeinik, Guido Kundla, Allan Martinson, Harri Männistö,
Indrek Neivelt, Martin Petjärv, Indrek Prants, Almar Proos, Priit Põldoja, Rolf
Relander, Ivo Remmelg, Rikard Relander, Ivar Siimar, Martin Talts, Herty Tammo,
Eero Tohver, Henri Treude, Raivo Vare, Heikki Visnapuu
Joined in 2013:
Joel Aasmäe, Michael Bevin, Ivar Dembovski, Juan Herrera, Andres Kull, Rait
Minumets, Yrjö Ojasaar, Rain Rannu, Arne Veske, Kari Sjöblom, Heikki Rautajoki,
Margus Zuravljov, Sven Siimar, Tarmo Rooteman
6. > Established in December 2012 at
present we are a group of 40+ angel
investors
> We meet up 3 times per month on pre
screening, pitch, training and
networking events
> Decision making is individual
> We may invest individually or in a
syndicate depending on the interest in
the deal
> Our investment range is usually
between 20…500 k€, individual
investments in syndicate start from 5k€
★ information technology
★ consumer goods & retail
★ energy & environment
★ financial services
★ chemicals and materials
★ green technologies
Top areas of interest
About us
7. > 40+ members by the end of the year
> 100+ deals screened
> 10…15 investments
> 1 M€ invested
initial targets for 2013
8. > 40 members on board
> 75 StartUps in the pipeline, some outside
> 7 pitching events done
> 3 investments made
> 3-4 syndicates in the negotiation process
> First membership application from Lady Angel.
> Member of Eban since April.
> Close relationship with FIBAN since day 1.
> Participated in 13th Eban Annual Congress in
Vienna - new perspectives
so far..
9. > Members are extremely busy with daily business
> We are competing with family, girlfriends and golf
> Lack of experience in StartUp investments and
syndication
> Need to market Angels as an important part of the
ecosystem - paradigm shift
> To attract more Angels we need to establish attractive
co-investment schemes with Est/EU institutions
Challenges to work with
12. The private sector plays a key role in creating new jobs
and therefore, there is a need for a strong public-private
partnership between member states, entrepreneurs and
the investors that back them.
It is possible to create a virtuous cycle where private
investors put their money in new companies creating
jobs and also paying taxes.
In return, member states can reward and incentivize
those investors through asymmetric exits, co-investment
funds or tax breaks.
Source: EBAN Policy Note
13. 5-point action plan by Eban
> Consider Venture-Capital types of loans instead of grants.
> Creation of co-investment funds with early stage
investors.
> Tax Breaks for early stage investors.
> Investment readiness trainings for entrepreneurs and early
stage investors.
> Public awareness on early stage investing.
