During the past 2 months, NAP by EstBAN collected applications from the regional startups for the €250k investment to be made. The startup will be chosen from the record breaking pool consisting of 127 startups.
The group of 53 investors from several countries, Finland, Norway, Russia, Belgium and Netherlands included, have already had half of their investment trainings by now. Riivo Anton from United Angels VC, Maurice Beckand Verwee from Crosspring, Netherlands, and Peter Sandberg representing Danish Business Angels, shared their vast experience about being an angel investor. They gave our investors food for thought on how to conduct Due Diligence, the benefits of investing as a syndicate and much more.
A few more trainings and workshops still ahead, and the TOP15 pitches await.
The pool of startups that applied for the investment consisted of 127 startups from 23 countries, with the pre-money valuation of up to €3M. The companies operate in different areas, there is a variety of health-, food-, edutech startups, and companies whose area of business is blockchain and cryptocurrency, developing a marketplaces etc. Startups are looking for financing from €80-300K.
The group of investors will now have until November 12 to assess the startups and select the TOP15. Those will pitch in front of the investors on November 22.TOP4 will be selected by the end of the month followed by the Due Diligence process and signing the term sheet. These strongest teams will pitch on the stage of sTARTUp Day in January 2019, and The Best Startup of 2018 who will get the 250K investment will be announced!
Nordic Angel Program is co-financed by European Commission’s Startup Europe initiative under the Horizon 2020 programme.