Luxembourg Business Angel Network
In this video, Sonia Frank details us the Luxembourg Business Angel Network (LBAN):
– Why the LBAN?
– What does it involve?
– To be specific?
– In short?
Sonia Frank is Director at LBAN. Find her on lban.lu
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Bookworm? Read the transcript!
LBAN is an essential player in the financing of young high-potential businesses. LBAN represents 80 private investors in Luxembourg who invest their time, their networks and their finances in innovative startups.
What does it involve?
The LBAN assists startups in a crucial stage of their development, right after what is known as the 3 Fs: family, friends & fools and before venture capital. In 2018, we invested in 30 projects and supplied 5.5 million in support to entrepreneurs with investments ranging from 10,000 € to over 1 million. The average amount from a Business Angels is between 50 and 100,000 € per investment. That is our core business, it’s concrete. Our role is to accompany the Business Angels; we provide them with a network, as well as tools for supporting this economy and help startups pursue their missions.
To be specific?
Precisely what you can expect from LBAN if you’re an established Business Angel investor or would like to become a Business Angel to share your expertise, your network and some of your finances with young entrepreneurs, come join us! We’ll give you the opportunity to do so or improve if necessary through the steps. If you’re an entrepreneur with an established business model, with customers, with a product, if you’ve already invested and wish to keep growing and need the financial help, the network and the expertise of Business Angels and experienced entrepreneurs, contact us!
If you’re already a Business Angel or would like to become one? Get in touch, join us! Or if you’re an entrepreneur with a scalable project contact us too. We’ll be happy to review your proposal!