# Estonian Business Angels Network

Estonian Business Angels Network is an Angel Network based in Tallinn, Estonia.

## Overview

- **Organization type:** Angel Network
- **Headquarters:** Tallinn, Estonia
- **Region:** Europe
- **Address:** Pärnu mnt 12, 10148, Tallinn
- **Founded:** 2012
- **Assets under management:** Undisclosed
- **Website:** www.estban.ee
- **LinkedIn:** https://ee.linkedin.com/company/estban

## Regulatory record

- **Reports private funds:** No

## About

More than just a business angel network Building synergy between startups and angel investors EstBAN is member led organisation committed to finding, funding and mentoring ambitious young companies from pitch through to a successful exit. About estban Latest news Created with Fabric.js 3.5.0 All news For investors Get access to quality pre-selected internationaldeal-flow, and be

## Sectors

- Enterprise Software
- FinTech
- Digital Health
- PropTech
- ClimateTech
- Mobility & Transportation

## People

- Anu Oks — CEO
- Lauri Antalainen — Chairman of the Board

## Questions

### Who runs investment decisions at EstBAN?

Individual angel members decide which startups to back; EstBAN the organisation does not make investment decisions. The network's CEO Anu Oks and the board — chaired by Lauri Antalainen — curate deal flow, vet opportunities, and facilitate syndicates, but every cheque written is a personal decision by the participating business angels.

### How does EstBAN source proprietary deal flow?

EstBAN sources primarily through its cross-border network of sister business angel organisations — FiBAN in Finland, LatBAN in Latvia, LitBAN in Lithuania, and DanBAN in Denmark — as well as via Startup Estonia and the Latitude59 Pitch Competition, which the network co-hosts annually. Members also contribute leads via direct entrepreneurial networks, giving the collective a funnel that spans the entire Baltic region.

### Does EstBAN participate in fund commitments or only direct deals?

EstBAN's primary model is direct angel investing into seed and start-up companies. However, member status includes 'fund members,' which allows venture capital funds to join the network and observe deal flow. The network itself does not commit to external funds, but fund-member participation can result in co-investment dynamics alongside individual angels.

### What investment stages does EstBAN typically target?

The network focuses on seed and start-up stages, acting as the bridge between friends-and-family financing and institutional venture capital. Some members also participate in growth-stage follow-on rounds for existing portfolio companies, but the bulk of annual deal volume — 247 deals in 2025 — occurs at the earliest stages.

### How is EstBAN related to EBAN and other European angel networks?

EstBAN is a full member of the European Trade Association for Business Angels (EBAN) and the Estonian Venture Capital Association (EstVCA). It also cooperates actively with Nordic and Baltic sister networks — FiBAN, LatBAN, LitBAN, and DanBAN — on cross-border training, deal-sharing, and the Nordic Angel Program syndication initiative.

## Related profiles

- [Esterad](https://altss.com/profile/esterad)
- [EST Partners](https://altss.com/profile/est-partners)

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Last updated: 2026-06-03T20:00:00.000Z

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