Nordic Angel Program by EstBAN batch 2

Nordic Angel Program is a business angel training and investment program led by experienced startup investors. The program links with the leading startup events in the New Nordics, culminating in an investment selected by the group. Nordic Angel Program is a micro-fund type of co-investment syndicate where angel investors will participate with minimum tickets of €5000 and invest into 1-2 startups.

For Batch 2, we have 53 investors and a pool of 127 international startups to choose the créme de la cŕeme!

The winner will be awarded on the stage of sTARTUp Day on January 25, 2019!

Previous program, batch 1

EstBAN's Spring NAP 2018: 175.000€ invested in by 35 angels. The group was led by Heidi Kakko. The round was joined by other investors summing up to 350 000€. Additionally, a spin-off angel investment was made to FoodDocs, the first runner-up!

Angel Experience

Nordic Angel Program is the best opportunity to dig deeper into the secrets of angel investing and learn from the experienced peers to start as a business angel. Spread the word and join the syndicate yourself. Both, the early stage startups and angel investors are welcome to submit their applications!

Investors already signed up:

Why NAP?

  • To increase cross-border investing awareness among existing and potential startup investors
  • To increase angel investments by syndicating
  • To make stronger network connections
  • To obtain investment skills and share best practice
  • To build a diversified investment portfolio


  • Syndicated investments into startups from a micro-fund by 25+ angels
  • Training days and evaluation workshops
  • Lead investor selected in course of the process
  • The joint evaluation and due diligence using a common investment platform StartupIncluder
  • The investment is executed in collaboration with a local startup conference
  • Joint study trips together with experienced angels
More questions? Write to Anu -!

Nordic Angel Program is co-financed by European Commission’s Startup Europe initiative under the Horizon 2020 programme.