4NGELS is funded by the European Union with the goal of connecting business angels from different European countries. We have brought together partners from four countries: Estonia, Finland, Slovenia and Poland. Together we have created a programme to exchange knowledge and experience about  investing into startups by business angels. Business angels are an essential part of the growth of the startup ecosystem and actively support startups in their countries. It is time to explore their potential in cross-border transactions. 

Explore 4NGELS and join the programme  to learn more about cross-border investing, meet business angels from other countries and get the best experience from the practitioners in the startup market. Participation is free, seize your chance!

The programme is also designed for startups who want to learn more about how to work with business angels internationally.



4NGELS is made up of:

The project is coordinated by Civitta, originating from Estonia.

We have joined our experience and cross-border investment potential to give you the opportunity to participate in international deals. Together we form a network of over a thousand business angels who have invested over €500m in more than 7,000 startups. Now you too can become part of this European investment community.


500M €


If you are a business angel, you can take advantage of the international training, experience sharing sessions, investor coaching and cross-border investment materials available.
We also invite startup representatives to participate in dedicated coaching sessions and the best of them also to present at cross-border pitching events.

The program will begin in early 2023 and consists of 4 cross-border batches over two years. Each
batch will focus on one of 4 markets at a time. You can join all half-year’ training batches or the ones
you are the most interested in.

Joining the program is free of charge and does not come with any obligations. If you want to join the study trips and startup events, please note that the tickets are at your expense. We will inform you of further updates regarding the timeline and the program.

Spring 2023 focus on Estonia
Autumn 2023 focus on Finland
Spring 2024 focus on Slovenia
Autumn 2024 focus onPoland


  • Gain knowledge on what to consider when making a cross-border investment.
    4NGELS activities will focus on identifying and proposing practical solutions to eliminate obstacles to cross-border angel investments, increase investors’ knowledge and bring education about foreign markets.
  • Build your cross-border networks and deal flow.
    Together we form a network of over a thousand business angels who have invested over €500m in more than 7,000 startups.
  • Study trips to Estonia, Finland, Slovenia, and Poland.
    The program will run in a hybrid form and include study trips to four countries, as well as meetings and events in each of the countries.
    Sign up below, and keep up to date with our events and  program.



  • March 16, 17:00-19:00 (EET), Tartu, Estonia.
    EstBAN Cross-border Angel investor gathering at sTARTUp Day
  • March 22, 10:00-11:30 (EET).
    Online session –  “How to invest in Estonia”
  • April 6, 10:00-11:30 (EET), online.
    Angel Investment process and setting an investment strategy. How to choose an investable startup?
  • April 18, 10:00-11:30 (EET), online.
    Angel training session for investors How to set a valuation of the startup?
  • May 4, 10:00-11:30 (EET), online.
    Angel training session for financial, legal, and technical Due Diligence.
  • May 17, 14:00-17:00 (EET), online.
    TOP10 startup pitch to cross-border syndicate
  • May 24 – May 26, Tallinn, Estonia.
    Latitude59 StudyTrip to Estonia – Experience sharing session


    • Apply to the program for practical knowledge and training to increase investment readiness.

      Our comprehensive curriculum is designed with feedback from experts in the industry and leading investors.
    • The opportunity to raise cross-border syndicated investment.

      The program will also allow startups and investors to work together in groups.
    • This spring the program is combined with the Latitude59 Pitch Competition 2023.

      TOP40 companies from the applicants will get 4NGELS Pitch Training, TOP10 startups will get practical due diligence and term sheet training.Sign up to get invitations to the events and be directed to Latitude59 Startup Conference startup applications

Apply for:

Online knowledge-sharing sessions with investors to hear what investors are looking for!

Pitching, practical training sessions and potential funding within Latitude59 Startup Conference – apply before April 9, 2023

Pre-arranged meetings with cross-border investors during the Latitude59 conference. Latitude59 is the flagship startup and tech event of the world’s first digital society.
The event is held in Tallinn, Estonia in May 24-26, 2023

– Chance to participate in coffee-mornings on relevant topics alongside the investors.


4ANGELS project partners //

EstBAN from Estonia
FiBAN from Finland
BAS from Slovenia
COBIN Angels from Poland
and coordinator:

CIVITTA from Estonia

Partner’s address information:
COBIN Angels
Chmielna 73
00-801 Warszawa
Cambridge Innovation Center Warsaw
Email us at: