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International Internet Magazine. Baltic States news & analytics
Tuesday, 23.04.2024, 16:16
Latvian business angels invest EUR 15.4 mln in various projects in 2017
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Compared to the results of 2016, the size of the Latvian business angels’
investments grew by EUR 7 million last year. The average size of each
investment made in a startup was roughly EUR 85,000 and the average size of an
investment made by each investor in startup projects was EUR 55,000.
In 2017, LatBAN had 75 members, experienced entrepreneurs who invest their
private money in business projects and are also ready to finance projects with
high risk levels. Last year, investments were made by 42 business angels. They
put their money mainly in ICT and other technology projects, as well as
business projects related to manufacturing, services, electronics and other
areas.
Over the past year, LatBAN held 12 investment sessions at which business
angels assessed 87 business projects.
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