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Nordic Angel Program

NAP by DanBAN – meet the TOP 10 startups

By | Nordic Angel Program

NAP by DanBAN is running it´s the third program alongside with FiBAN, EstBAN, and BANNorway. We are now at the final stage of the three-month training program and we are ready to announce the TOP 10 startups, who have applied for a syndicated investment of up to 350.000 EUR from the 25 NAP angels.

Nordic Angel Program (NAP) is an international cross-border training and investing program for business angels which includes an introduction to Business Angel investing, how to build your portfolio, being founder friendly, due diligence, lead angel activities and much more.

This is the third NAP program running in Denmark, Estonia, Finland, and Norway. As part of the program and training, the Danish and international NAP angels finalize the three-month training program by creating a syndicate and invest in one or more startups who have applied for smart money to get their startup off the ground. The 25 angel investors will offer to help the startup to the next level with an investment of up to 350,000 EUR.
Last year we ran two programs and invested in two great companies. The first NAP group invested in Meploy and the second group invested in Obital.
We are excited to meet with the startups and to announce which startup the third NAP group decides to invest in. Meet the 25 NAP Angels here.

Here are the TOP 10 startups screened and chosen by the NAP by DanBAN angels

ecoFLEXY:

Using white biotechnology, Cellugy offers food producers a new natural polymer to replace plastic

BunkerMetric/BunkerPlanner:

is a tool to assist vessel operators in optimizing their bunker procurement costs

Sply Tech: 

is developing a SaaS to help pharma companies with clinical trial supply chain optimization.

Spit Lab:

is developing AI for infertility to help couples get pregnant faster

ATLANT 3D Nanosystems:

is developing a multi-materials 3D nano printer for rapid microchip prototyping

No No No:

Transparent complaint resolution platform that increases conversions and sales

Vigo:

is developing digital therapy for stroke recovery using clinically validated tools and artificial intelligence

Polisensio:

offers an air pollution monitoring, data collection, and visualization system for (smart) cities

eXpact:

Intelligent Matching App for global tech talent and growing companies. Using pre-screening algorithms and crowdsourcing

Zelos:

is a management solution for large volunteer teams and communities

NAP facilitates cross-border angel syndicates and shares angel investments’ best practices. Led by experienced local angels, NAP offers a unique opportunity to invest as a group in promising growth companies linked by leading startup events in Denmark, Estonia, Finland, and Norway.

www.nordicangelprogram.com

Done Deal: One Startup finalists got investments from the Nordic Angel Program by DanBAN

By | Nordic Angel Program | No Comments

Nordic Angel Program (NAP) is a training and investment program for startup investors ran simultaneously in addition to Denmark also in Finland, Estonia, and Norway. The Danish program hosted by DanBAN received almost 40 applications from startups seeking funding from the Nordics during the first NAP. After months of support and acceleration of both the investors and startup, DanBAN is thrilled to announce the winner of the companies that reached the TOP10.

Nordic Angel Program (NAP) is a training and investment program for startup investors. The goal of the program is to increase cross-border investing awareness among existing and potential startup investors. This is done through sharing angel investments best practices, inspire cross-border investing and offer a unique opportunity to screen and invest in the most promising early-stage startups in the Nordic & Baltic area. NAP culminates in a syndicated investment into one or more startup finalists and the investments are made in cooperation with experienced business Angels.

The initial application period for this first round of the NAP program at DanBAN ended on 24th of April and almost 40 startups applied to the deal flow room. All startups were carefully screened by the 22 investors of DanBANs Nordic Angel Program, led by the experienced lead investor, Thomas Black-Petersen. From this first batch, the 10 best startups were selected for an exclusive pitch event in front of all NAP investors on the 8th of May 2018. After the event, three startups were chosen for individual follow-up meetings and finally, it was chosen to continue the due diligence process and negotiation of terms with two finalists. The minimum ticket size for each Business Angel investor was 13,400€ (100,000 DKK).

One startup finalists received investments

After three months of investor training, screening and meeting the startups from the final top 10, three startups were chosen by the angel group to go through a due diligence. Three became one, and we are happy to announce the two final startups, the angel group decided to invest 235.000EUR in, Meploy.

We asked one of the founders, Michael Bugaj from Meploy why he choose to apply for the Nordic Angel Program, the gains, and challenges getting funding from a big group of business angels:

Why did you choose to apply for the NAP program?
It is a fantastic initiative to connect startups with business angels and an intriguing format. Syndicated investment are a great opportunity to get a wider network connected to your startup, so when I saw the opportunity, I couldn’t resist.

What was your expectations and did they match the reality?
I didn’t know what to expect to be honest. I was very much focused on delivering a great pitch and get as many people as possible interested in our mission and the product we have brought to the market. If we succeeded with the first and got picked as finalists, I was prepared for a thorough due diligence process.

What has been the best experience working with the NAP group?
So far the people and the open dialogue. It is great when you can have a clear and honest conversation around every aspect of the company and also the future relation you embark on.

What has been the most challenging working with a big group of business angels?
I wouldn’t’ stress anything as challenging beyond normal. When you grow +50% each month your biggest challenge is time. So anything added on top becomes a choice of priority. But I would rather say there has been a great understanding of that.

Why should other startups apply for the next NAP program
It is an unique chance to get +20 investors to join your company and help you scale and grow. The combined experience of the whole group is invaluable!

TOP 10 startups in the NAP I program by DanBAN

  • AlcoWhey – Converting whey to alcohol, helping dairies to get value from waste streams
  • BetterNow – White label fundraising solution for charities, helping to get more donations
  • FindZebra – Text intelligence platform (AI) eliminating inefficient Q&A processing
  • KlipWorks – AI video platform & app assisting companies with video production & marketing
  • MeetinVR – Virtual interactive space for product presentations & advanced collaboration
  • Meploy – is a cloud-based staffing solution for blue-collar labor
  • Spenderlog – Tracks your spending using AI & shows you exactly what you spend money on
  • Tolkify – Connecting you with the nearest, highest qualified interpreter in seconds
  • Tilde – Digital marketing manager for restaurants, to manage their digital presence
  • WelcomeBob – Intercom system for apartment residents, working via. video app on phone

More info

More details about the program and the other available NAP syndicates in the Nordic & Baltic region (Estonia, Finland, and Norway) can be found at www.nordicangelprogram.com

Gevinsten for startups med en NAP investering

By | Nordic Angel Program

Med Nordic Angel Programme (NAP) får startups mulighed for at pitche deres case ikke kun for kloge penge, men for angels der har gennemgået best practices indenfor termsheets, kontrakter, evaluering og meget mere.

Søger du investering fra erfarne Business Angels med forståelse for skalerbar teknologi og vækst?

Op til 250.000€ vil blive investeret i et eller flere startups i forbindelse med den første udgave af Nordic Angel Programme i Danmark. Se de deltagende investorer her.

Gevinsten ved en cross-border investering

Syndikering på tværs af landegrænser sker sjældent, men kan være en stor konkurrencemæssig fordel for det enkelte startup.


“Angel investeringer er typisk meget lokale. Vi må øge størrelsen på investeringer til et niveau på linje med regioner som London og Silicon Valley. Uden større investeringer bliver det svært for nordiske startups at komme igennem på det globale marked,” forklarer Claes Mikko Nilsen, der er Head of Nordic Angel Programme.

Med en gruppe business angels, der har et internationalt netværk samt adgang til erfaring og best practice, øges chancen også for at vinde på det globale marked.

Funding, internationalisering og trænet investorkreds

Et eller flere startups kan modtage op til 200.000-250.000€ i investering fra de NAP trænede angels. I det 3-måneder lange angel accelerator program får de 25 investorer adgang til praktisk undervisning, der dækker både juridiske spørgsmål såvel som best practice indenfor evaluering af startups og andre tekniske aspekter.

Det er erfarne investorer og eksperter, der står i spidsen for programmets indhold, og NAP er desuden tilknyttet de største startup-events i Norden og Baltikum.

NAP består af fire af de største og ældste business angel netværk i norden. Ved siden af DanBAN sidder EstBANFiBAN og BANNorway. Programmet er administreret og medfinansieret af den overordnede nordiske organisation for business angels NordicBAN og konsulenthuset Civitta. Læs mere om Nordic Angel Programme her.

10 startups vil stå overfor 200+ investorer i maj

Startups der lever op til kriterierne kan ansøge om en plads med deadline den 24. april.  Top 10 Final Pitch-arrangementet afholdes den 16. maj på Business Angel Årsmøde i Odense, hvor en eller flere eventuelle modtagere af funding også vil blive annonceret.

Ny nordisk alliance bag ambitiøs angel accelerator

By | Nordic Angel Program

Med det hidtil største nordiske og baltiske samarbejde vil DanBAN og de øvrige samarbejdspartene nu øge cross-border angel investeringer i tech starups markant.  Missionen er at øge aktiviteten i både antal og størrelse over de første to år.

Resultatet af samarbejdet er blevet til Nordic Angel Programme (NAP), der er en international accelerator for business angels. Den nye accelerator består af et 3-måneders uddannelses- og investeringsprogram, som gennemføres i hver region, og som er anført af erfarne business angels og eksperter. Programmet kulminerer i en investeringsmulighed på op til 250.000 euro i en eller flere af de bedste startups i regionen.

NAP består af fire af de største og ældste business angel netværk i norden. Ved siden af DanBAN sidder EstBAN, FiBAN og BANNorway. Programmet er administreret og medfinansieret af den overordnede nordiske organisation for business angels NordicBAN og konsulenthuset Civitta.

Deltag som investor

Nordic Angel Program er et tilbud til såvel de helt uerfarne potentielle investorer som til dem, der allerede har gjort sig de første erfaringer som co-investor. I det 3-måneder lange accelerator program får de 20-25 investorer adgang til praktisk undervisning, der dækker både juridiske spørgsmål såvel som best practice indenfor evaluering af startups og andre tekniske aspekter.

Du kan ansøge om en plads i angel acceleratoren allerede nu. Alle angels lægger hver mellem 5.000-20.000 euro i en fælles investeringspulje på op til 250.000 euro.

Det er erfarne investorer og eksperter, der står i spidsen for programmets indhold og for scouting af de tech startups, som de deltagende investorer har mulighed for at investere i til sidst i programmet.

Gevinsten ved cross-border syndikering

Syndikering på tværs af landegrænser sker sjældent, men kan være en stor konkurrencemæssig fordel for det enkelte startup – og dermed også for investorerne.


“Angel investeringer er typisk meget lokale og en gennemsnitlig investeringsstørrelse på omkring 200.000€. Vi må øge størrelsen på investeringer til et niveau på linje med regioner som London og Silicon Valley. Uden større investeringer bliver det svært for nordiske startups at komme igennem på det globale marked,” forklarer Claes Mikko Nilsen, der er Head of Nordic Angel Programme.

Med en gruppe business angels, der har et internationalt netværk samt adgang til erfaring og best practice, øges chancen også for at vinde på det globale marked.

Læs mere om Nordic Angel Programmet og tilmeld dig her.