For startups - DanBAN

Do you need investors for your startup?

DanBAN is Denmark's Business Angel network which matches startups with investors. We have more than 300 active investors who would like to get in touch with you.

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DanBAN PARTNERS

Next pitch events

København 8. juni 2022

Angel Program
København 29. juni 2022

Vækstfonden

We're looking for

Team

What does the team look like in relation to composition, diversity, competencies and past experience? For investors, the people behind the team are always the most important thing!
Traction

What have you achieved in terms of revenue, soft funding or pilot customers? Can you validate that others (than yourself) are interested in the product?
Scalability

How scalable is the product? Can it be easily sold to a larger number of customers, or does it require manual sales processes and handling?
Market

What are the solutions on the market in advance, and how do you differentiate yourself from the competition? Is it a red or blue ocean market?
Terms

Do your expectations for investment size and valuation fit DanBAN? And have you thoroughly considered what the investment should be used for?

Startup stories

"Our investors come with a set of competencies that really complement us well. Our goal is to go from our current ‘proof of concept’ phase with a few hundred members to a ‘proof of business’ phase which will ensure +1000 members. This is primarily what the investment goes on, which is a little over DKK 1 million. "

"The whole process was both professional and well-planned. We were really grateful for the high quality of business angels that we were introduced to via DanBAN. During the pitch process, all the questions were both concrete and well-meaning, and the feedback useful. We are very satisfied with the process and the result."

"It has been extremely instructive to gain access to the great competencies from DanBan. The close and intense collaboration around the investment round this autumn has helped to streamline the organisation for the further growth journey. We are convinced that Farmbrella's ambitious goals can be achieved, not least because we now have smart money from DanBan, and we are also very much looking forward to making use of the syndicate's competencies in the boardroom. "

"It has been super cool to get DanBAN investors on board. It has been a very easy and painless process."

"Even though it is a short time since we landed the investment of DKK 1.65 million, we can already feel that we have a group of enormously competent investors on board, which we can frequently use as sparring partners. It is a great pleasure."

"In January, we set up at DanBAN and were introduced in DanBAN's newsletter. This resulted in us getting 21 interested investors within 24 hours. In February, we closed the investment round with two DanBAN syndicates, with 10 investors and 3 external investors."

DanBAN syndikat medinvesterer 7,5 mio. kr. i Cystotech

Jagtudlejningsplatform rejser 2.1 millioner kroner med DanBAN-engle

DanBAN-investorer skyder penge i højttalersystem med 4.500 pre-order signups

Syndikat med DanBAN-medlem investerer 3 millioner i grøn kaffe

CO2-beregningsplatform får kapitalindsprøjtning på 1,5 mio. kr. med DanBAN-engle ombord

Tech-startup rejser millionbeløb til grøn omstilling i byggebranchen med investering fra DanBAN

What stage do I need to be in to apply for funding?

DanBAN investors typically invest at an early stage in scalable startups with a good team and great potential. Our 300+ investors have different investment preferences; we recommend that startups have at least one working MVP before it makes sense to apply.

Investors typically make investments after the founders, friends and family have financed the start-up themselves, and before or at the same time as the first venture capital round.

Do you sign NDAs?

DanBAN does not sign NDAs; it is important that you do not share deeply confidential information when uploading your material through our platform StartupIncluder. For example, technical details of your technology that are considered to be patentable should not be shared.

If your startup is selected to pitch to one of our pitch events, you will be prompted to send an updated pitch deck directly to one of our investor relations managers via email. This material will only be displayed on a screen for the pitch event itself, and thus, not shared electronically with the participants without your prior consent.

Does DanBAN make money on my investment?

No. DanBAN is a non-profit organisation and we do not charge percentages, administration fees, or referral fees. DanBAN is financed by an annual membership fee from our members and partners.

How are investments made in DanBAN?

DanBAN organises pitch events and mediates contact between startups and the investors who are interested in a further dialogue with the respective startup. In addition, the secretariat of DanBAN is happy to help find premises for the meeting between startups and investors. Once the contact has been made, DanBAN only contributes if the start-up or investors deem it necessary.

We do not recommend specific types of investments, and we do not run a fund for DanBAN investors. Members of DanBAN make their own investment decisions and invest their own individual capital directly in startups. It is also up to the companies and investors themselves to structure any advisory cooperation or board relationship that they may find appropriate.

How are we considered to receive funding via DanBAN?

Click on "apply for investment" and fill in the form.
If we are a “match”, you must subsequently submit pitch deck and other information.
We will look at your application within 10 days.
We select startups for an online meeting / dialogue.
From here, we select startups for a physical pitch event in front of our investors.
If there are interested investors, we will set up a two-hour meeting where you can get to know each other better.
From here, it's up to you and the investors to agree on an investment.

Does DanBAN focus on a specific sector?

No. DanBAN has no specific focus areas. All startups with innovative scalable ideas and great growth potential can apply.

Can I get contact information on specific investors?

We do not pass on contact information to our investor members. If you apply through Dealum, investors have the opportunity to contact you—if they are interested. If you are selected to pitch at our monthly pitch event, you will meet the investors present.

What does a typical program look like at a DanBAN pitch event?

15.15: Check-in
15.30: Host post & welcome (location changes from time to time).
15.50: 3 pitches + Q&A
16.30: Break and network
17.00: 3 pitches + Q&A
17.30: Light refreshments, wine and network.
Note: all other startups that need to pitch are also present during your presentation.

How is due diligence done?

The members of DanBAN carry out the entire due diligence process on a voluntary basis—occasionally with legal advice. A lead angel, who handles due diligence and a possible board position in the company, is usually selected. He / she reports back to the group (in case of syndication), i.e. there is only one investor or perhaps two who are in continuous dialogue with the company.

How many people come to a DanBAN pitch event?

There’s 35–60 investors present at DanBAN pitch events, plus the 5–7 startups that will pitch on the day. DanBAN pitch event is only for members, selected startups and few invited guests.