# Danish Business Angels (DanBAN) Danish Business Angels (DanBAN) is a Generic based in Copenhagen, Denmark. ## Overview - **Organization type:** Generic - **Headquarters:** Copenhagen, Denmark - **Region:** Europe - **Address:** Copenhagen, Denmark - **Founded:** 2014 - **Assets under management:** Undisclosed - **Website:** danban.org - **LinkedIn:** https://www.linkedin.com/company/danish-business-angels-danban ## Regulatory record - **Reports private funds:** No ## About Danish Business Angels launched in 2014 as a membership association designed to professionalize early-stage investing across Denmark and the broader Nordic region. Founded by a coalition of active angels, the organization functions as a manager-of-managers: it does not select portfolio companies directly. Instead, it pools member capital through a regulated fund structure to write commitments into carefully selected venture capital funds — typically first or second-time managers raising sub-€50 million vehicles. DanBAN’s investment mandate spans enterprise software, digital health, fintech, climate technology, and industrial tech. The fund-of-funds targets early-stage venture managers across the Nordics, with secondary exposure to the Baltic innovation corridor. Known commitments from earlier cycles have included Copenhagen Seed Ventures, Heartland, and accelerators like Accelerace — providing members with curated access to top-decile managers they might not reach as individual LPs. The vehicle blends a feeder-fund architecture with co-investment sidecars when the underlying GPs allow it, keeping the alignment between angels and fund managers tight. The organization has grown to over 300 angel investor members, making it one of the densest angel aggregations in Europe. Jesper Jarlbæk serves as Chairman, while Nicolai Højgaard Lyngholm holds the Chief Executive Officer role. DanBAN operates adjacent to, but distinct from, the Danish Venture Capital and Private Equity Association (DVCA), and maintains informal linkages with state-backed entities like Vækstfonden (now EIFO), which occasionally anchor the same fundraises. The group runs its own angel education programs and syndicates co-investments alongside the funds it backs, reinforcing member capability while deploying principal capital. DanBAN’s structural innovation lies in treating the angel network not as a deal-sharing club but as a disciplined institutional LP — the member base supplies both the capital and the origination intelligence, while the central fund vehicle handles due diligence, portfolio construction, and reporting. This hybrid architecture — part investor network, part regulated alternative investment fund — is unusual in European early-stage finance, where angel syndicates and fund-of-funds typically remain organizationally separate. ## Sectors - Enterprise Software - Digital Health - FinTech - ClimateTech - Industrial Tech ## People - Jesper Jarlbæk — Chairman - Nicolai Højgaard Lyngholm — Chief Executive Officer ## Questions ### Does DanBAN make direct startup investments? DanBAN’s primary vehicle makes commitments into venture capital funds, not directly into operating companies. However, the organization facilitates co-investment opportunities for its members alongside the GPs it backs. Individual DanBAN members frequently invest directly in startups through syndicates arranged within the network, but those are member-level activities distinct from the central fund-of-funds mandate. ### How is DanBAN related to the Danish state investment funds? DanBAN has no formal ownership link to EIFO (the revamped Danish Export and Investment Fund, formerly Vækstfonden) or any other government entity. However, DanBAN-backed venture managers frequently raise capital from EIFO as an anchor LP, creating indirect alignment. The two organizations operate separate investment processes but occasionally co-appear in the same fund capital stacks (public record). ### Who runs investment decisions at DanBAN? The organization has a central investment committee drawn from experienced members and the management team. Chairman Jesper Jarlbæk provides strategic oversight, while CEO Nicolai Højgaard Lyngholm leads day-to-day operations. DanBAN has not publicly disclosed the full composition of its investment committee or a named CIO role (public record). ## Related profiles - [Cooper Tire & Rubber Company](https://altss.com/profile/cooper-tire-and-rubber-company) - [Danske Bank Asset Management](https://altss.com/profile/danske-bank-asset-management) --- Last updated: 2026-06-03T20:00:00.000Z Canonical page: https://altss.com/profile/danish-business-angels-danban Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology