The president of EstBAN, Rein Lemberpuu, says that the amount invested by EstBAN members has kept growing year after year and last year another all time record was reached. The 11.3 million euros invested by EstBAN members went to 108 companies in 225 transactions. In 2016, altogether 8.8 million euros was invested in 84 companies in 145 transactions. The growth can be partially attributed to increased cross-border investment, Lemberpuu said.
"The trend of internationalization is going on strong because the aim of EstBAN is is to help business angels find the best startups in Estonia and abroad. In February we launched a Nordic Angel Program with the business angel networks of Norway, Finland, Denmark and the Nordic countries," Lemberpuu said. Nordic Angel Program is a three-month business angel training and investment program led by experienced startup investors. NAP is a micro-fund type of co-investment syndicate where angel investors will participate with minimum tickets of €5000 and invest into 1-2 startups.
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