Lithuanian Business Angel Network

The Lithuanian Business Angel Network (LitBAN), established in 2018 and based in Vilnius, Lithuania, aims to promote and enhance business angel activity in the region. It focuses on educating potential investors, facilitating connections, and organizing events to encourage collaboration and deal syndication. LitBAN seeks to create a supportive environment for angel investing, not only within Lithuania but also across Nordic countries, thereby fostering a vibrant ecosystem for startups and investors alike.

Gytenis Galkis

Founder and Member of the Board

Daiva Rakauskaite

CEO

13 past transactions

ColibrisODM

Venture Round in 2023
ColibrisODM operates a metal processing manufacturing platform that specializes in the automatic quoting and ordering of custom-made and serial metal parts. The company serves as a comprehensive solution for on-demand manufacturing, offering services that include cutting, forming, welding, machining, coating, and assembly. By enabling customers in the metal processing industry to obtain quality parts swiftly and efficiently, ColibrisODM helps factories maintain high standards of quality while enhancing employee satisfaction. The platform streamlines the manufacturing process, making it easier for clients to acquire the specific quantities of parts they need.

Perfection42

Seed Round in 2023
Perfection42 is an AI-based technology for game developers, 3d animators or video creators changing the way content is created by: - enabling the creation of Personalized Game Experiences for players by using quantifiable data - Saving Time by boosting development velocity. Create a level in 2 minutes rather than 2 days - Speeding up the iteration cycle: daily updates rather than monthly - changing the game developers focus from technical micro-level decisions to emotional High-Level Decisions

DriveX

Seed Round in 2022
DriveX is a technology partner for insurers. With the proprietary AI-assisted verification, companies can inspect vehicles remotely. Insurers save costs, reduce fraud risk and provide a better, digital customer experience. Whether selling motor insurance policies or managing claims, DriveX solutions are there to help employees and customers.

Benme

Angel Round in 2022
Developer of a revolutionizing employee benefits management platform designed to manage benefit spending. The company's platform simplifies the process, making it effortless for companies to provide tailored benefits to their employees, and helps to connect employers with a vast network of suppliers, offering a wide range of benefits from health insurance to vouchers, thereby enabling organizations to improve employee retention and create a sense of loyalty among the employees towards their organization.

Okredo

Seed Round in 2021
Okredo is an open data platform that offers valuable insights for enhancing sales and managing credit risk. It provides a business intelligence solution that aggregates and analyzes data from diverse sources, including financial reports and credit ratings, to deliver information on creditworthiness, scores, and limits. This empowers companies to make informed decisions regarding collaborations and investments. Okredo operates on a freemium model, offering both free and premium services. Initially focused on Lithuania, the company is expanding its reach to Latvia, Poland, the UK, and other European countries.

Cogastro

Seed Round in 2021
UAB Cogastro develops core management system for edible insect farms. The company’s insect farming software provides tracking and management solution to farmers. It helps in automation, recording, and measuring farm performance. UAB Cogastro was incorporated in 2019 and is based in Moletai, Lithuania.

Contribee

Angel Round in 2021
Contribee operates a content monetization platform designed to assist entrepreneurs and creators in managing fan subscriptions and support. The platform provides tools that facilitate instant payouts and personal shop integration for creators, allowing them to optimize their monetization efforts and engage effectively with their audience. Additionally, it offers various payment options and a content discovery feature for fans, enabling users to access exclusive content. This comprehensive approach helps creators across diverse fields, including gaming, art, and writing, to generate profits through contributions from their supporters.

NO-CV

Pre Seed Round in 2021
NO-CV offers an innovative candidate attraction and management platform (SaaS) which makes the recruitment process effective and efficient by taking the traditional resume (CV) out of the process.

Boomio

Pre Seed Round in 2021
Boomio is a platform designed to enhance the customer loyalty landscape, addressing the limitations of traditional loyalty programs. It offers an online platform and mobile application that enables retail and e-commerce businesses of all sizes to create and manage their own rewards and loyalty systems affordably. By providing digital customer loyalty tools, Boomio empowers small and medium businesses that may not have the resources to develop such systems in-house. This innovative approach aims to simplify and modernize customer engagement, ensuring businesses can effectively reward their customers and drive sales growth.

Ligence

Pre Seed Round in 2020
We are Deep Tech startup company located in Lithuania. We are a team of medical doctors who also happen to know AI and thus we build exciting solutions for healthcare. Our latest project is the automation of heart ultrasound image analysis using Deep Learning algorithms. The product we call CardioEchoAI is able to automatically recognise heart image view and perform all the necessary measurements. Physicians can now skip doing those manual measurements themselves.

Mark ID

Seed Round in 2019
Mark ID - universal identification and eSignature gateway. We help companies to fight fraud, reduce costs, comply with KYC, GDPR, and AML regulatory requirements, and enable digital channels via an easy-to-use e-signature platform.

Attention Insight

Seed Round in 2019
Attention Insight is a company that specializes in artificial intelligence-based visual engagement monitoring. Founded in 2019 and headquartered in Vilnius, Lithuania, with an office in Hamburg, Germany, the company provides a software as a service (SaaS) platform. This platform utilizes deep learning and eye movement tracking research data to generate predictive heatmaps, allowing users to analyze design and content effectively. Attention Insight's solutions cater primarily to marketing agencies, web development firms, and design agencies, enabling professionals such as marketers, product managers, and web/UX designers to make user-centric, data-driven decisions regarding design elements without the burdensome process of extensive data collection.
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