EstBAN

Estonian Business Angels Network, established in late 2012, is an umbrella organization for business angels and business angel groups seeking investment opportunities in Estonia and its neighbouring regions with an aim to grow the quantity and quality of local seed stage investments. EstBAN is a full member of the European Trade Association for Business Angels, Seed Funds, and other Early Stage Market Players (EBAN) and Estonian Venture Capital Association (EstVCA). EstBAN has close cooperation with Finnish Business Angels Network (FiBAN), Latvian Business Angels Network (LatBAN) St-Petersburg Business Angels Network (SOBA) and newly formed Nordic Business Angels Network (NordicBAN).

Ivar Siimar

Founder

Past deals in Baltics

FleetFox

Convertible Note in 2024
FleetFox is a tech-driven managed marketplace that provides comprehensive fleet services tailored for the car-sharing and B2B fleet industries. Operating in 11 cities across six countries, including the Baltics, Germany, Belgium, and the Czech Republic, FleetFox offers a range of services such as washing, refueling, charging, relocation, and maintenance. This integrated approach enables large fleet clients to reduce operational costs by up to 35%. The platform automates over 25 internal processes, allowing for efficient market entry with minimal staffing and achieving profitability within three months of launch in new cities. FleetFox, which initially focused on B2C mobile car washing, successfully pivoted in March 2023 to cater to the B2B market, positioning itself within the €13 billion car-sharing sector and the broader €40 billion B2B fleet market. The company aims to lead the industry by providing scalable and cost-effective solutions that promote profitability and growth.

Jeff

Seed Round in 2021
Jeff is a personalized loan broker that connects borrowers with lenders by utilizing alternative data to assess creditworthiness. Founded in 2019 and based in Riga, Latvia, Jeff aims to provide financial services to the unbanked population who lack traditional credit histories. By gathering data from various digital sources such as smartphones, social media, and geolocation, Jeff creates innovative solutions to evaluate potential borrowers’ credit profiles. The company’s platform allows users to search, compare, and secure loan offers conveniently while also offering loan-related advice. Through its unique approach, Jeff fosters access to financing and aims to establish a new standard for alternative credit scoring.

VideoCV.io

Pre Seed Round in 2021
VideoCV.io is a recruitment platform that offers a software-as-a-service (SaaS) solution for video-based hiring. Established in 2017 and headquartered in Tallinn, Estonia, the company leverages video and artificial intelligence technologies to enhance the recruitment process. Employers can post videos showcasing job opportunities and their workplace, allowing candidates to engage more personally with potential employers. The platform streamlines candidate management by enabling employers to rank, track, and communicate with applicants in a single interface, ultimately facilitating the identification of the best talent for their teams.

Jeff

Seed Round in 2021
Jeff is a personalized loan broker that connects borrowers with lenders by utilizing alternative data to assess creditworthiness. Founded in 2019 and based in Riga, Latvia, Jeff aims to provide financial services to the unbanked population who lack traditional credit histories. By gathering data from various digital sources such as smartphones, social media, and geolocation, Jeff creates innovative solutions to evaluate potential borrowers’ credit profiles. The company’s platform allows users to search, compare, and secure loan offers conveniently while also offering loan-related advice. Through its unique approach, Jeff fosters access to financing and aims to establish a new standard for alternative credit scoring.

Jeff

Pre Seed Round in 2020
Jeff is a personalized loan broker that connects borrowers with lenders by utilizing alternative data to assess creditworthiness. Founded in 2019 and based in Riga, Latvia, Jeff aims to provide financial services to the unbanked population who lack traditional credit histories. By gathering data from various digital sources such as smartphones, social media, and geolocation, Jeff creates innovative solutions to evaluate potential borrowers’ credit profiles. The company’s platform allows users to search, compare, and secure loan offers conveniently while also offering loan-related advice. Through its unique approach, Jeff fosters access to financing and aims to establish a new standard for alternative credit scoring.
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