Become a member of Denmarks Business Angel network
Become a part of a valuable network with +300 members. Get access to the best deal flow, a strong investor network and a range of events, and training activities.
DanBAN works together with
We receive approx. 600 startup applications via our platform Dealum. You will be continuously exposed to new investment opportunities both online via our platform and offline via our many physical events.
DanBAN is Denmark's most active network for Business Angels. With over 300 members and over 50 events a year, we give you the opportunity to create new acquaintances and a professional network.
DanBAN offers all members a number of different business angel educations in the form of "Angel Program by Danish Business Angels", "DanBAN Academy", and "DanBAN Board education".
You can invest in our DanBAN co-investment fund and through our partners you get access to a file of documents as well as a free subscription with Bootstrapping and Active Owners.
Upcoming events and educations
Our educations for Business Angels
Angel Program by DanBAN
Six modules that dress you for life as a Business Angel.
Become smarter on everything, from partners and IP Due Diligence to ownership agreements and exit strategies.
DanBAN board training
In collaboration with CBS: we work with tasks, issues and dilemmas in startup and scaleup companies.
Through our sister organisation, you get access to investment guides, Eban TV, documents and publications.
#wegotfunded #danishbusinessangels #startup
Do you have any questions?
Find svar på de oftest stillede spørgsmål nedenfor.
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.
If you want to become a member of DanBAN, you must be able to meet one of these requirements:
- You have an investment framework of at least DKK 3 million which you intend to invest in startups; DanBAN is an association of active Business Angels and therefore one of your intentions with a membership should be that you want to build a portfolio of startup investments over time. You must therefore be able to document that you have at least DKK 3 million in investable equity in a 100% owned company (holding company), or in the form of private funds. If the documentation is not available in the CVR, we will ask for a statement from your bank or auditor confirming that the equity is present. Equity can be, for example, in the form of shares in listed companies or currency. If you are already an investor in one or more startups, these investments naturally also count in your investment framework of DKK 3 million.
- DanBAN member survey: as a DanBAN member, you are obliged to participate in the annual analysis of investments made by DanBAN members. All data provided is treated in the strictest confidence. We work with a 100% response rate so that we can form a realistic picture of the investment activity within the network.
- Compliance with ethical guidelines: we safeguard DanBAN's reputation, and have therefore adopted a set of ethical guidelines that follow EBAN, the European Network Organization's recommendations. All applicants must confirm that they will comply with the guidelines. Read the ethical guidelines here.
How much is invested is both a question of the individual business angel's risk appetite and of the capital needs of the respective company. However, most investments are around 100,000 - 250,000 DKK per angel, and a typical investment syndicate consists of an average of 6–10 business angels.
Most investments made via DanBAN's members are syndicated, which means that the interested investors typically set up a joint investment company (usually an ApS) in which the investors invest their capital. After this, it is the investment company that invests directly into the respective startup.
The investment company is typically subscribed for by 1–2 of the participating DanBAN investors. These are called active investors and are also the ones who represent the investors to the entrepreneurs from the start-up.
The other investors are most often passive investors; being passive has several advantages, including the fact that investors can better spread their risk on several exciting cases without having to spend the same amount of time on all of them. Likewise, entrepreneurs do not have to have an ongoing dialogue with all their investors, as it is the active investors who are responsible for keeping the passive investors informed about the company's operations and development.
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.
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.
The DanBAN network comprises 300+ private investors. A large part of the network's members have run a business themselves, sold a company or managed larger companies. DanBAN's members are active investors and are often involved at board level.
As a member of DanBAN, you get the opportunity to participate in a wide range of training opportunities, pitch events, study trips and member meetings, which aim to strengthen your knowledge and skills within investments in startups.
For example, you can participate in our semi-annual training program, the Nordic Angel Program, which takes place in collaboration with other business angel networks in the Nordic region. Here, 20+ business angels participate in everything from building an investment portfolio, screening startups, exercising due diligence and composing the final deal all within a 3-month period. In addition to the training, you also get the opportunity to screen a large number of startups, together with your angel colleagues, in order to find one or more startup (s) that you can invest in.
You also have the opportunity to be matched with one of the more experienced angels in Danish Business Angels, who can act as a mentor for you. And last but not least, you can also choose to just sniff at what it means to invest in a startup by jumping on a current investment as a passive investor.
Through our online dealflow platform, Dealum and our monthly pitch events, you also get exclusive access to meet some of the most exciting capital-seeking companies from the Nordic startup ecosystem. In addition, you will also meet many like-minded business angels with whom you can share experiences and spar with.
When you meet an exciting company that you are considering investing in, at either one of our pitch events or via our online platform, please indicate your interest on our online platform. After this, our secretary will gather all interested angels and arrange the initial due diligence meeting between angels and the company. From there, it's up to angels and entrepreneurs how the investment is realised.
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.
As a DanBAN member, you pay an annual fee of DKK 10,500 excl. VAT so as to access the benefits of the network.
Short answer: Yes!
DanBAN has experienced exponential growth in the last few years and many of our new members, who, for example, have recently sold their first company as entrepreneurs, have not yet made an investment. DanBAN is, thus, both an association for both brand new and highly experienced business angels.
The community of values in DanBAN consists of striving to further develop as a business angel, expand its network, increase its opportunities to meet the best startups as well as to invest in and contribute to strengthening the Danish startup ecosystem. If you can nod in recognition of this, DanBAN is without a doubt something for you.