Lithuanian Business Angel Network

Lithuanian Business Angel Network (LitBAN) fosters business angel activity through communication, events, networking, syndication of deals. Our aim is to educate, connect, and promote angel investing in Lithuania and cross-borders.

Past deals in FSU

ColibrisODM

Venture Round in 2023
ColibrisODM is a metal processing manufacturing platform for automatic quoting and ordering of custom-made and serial metal parts.

Perfection42

Seed Round in 2023
Perfection42 is an AI platform that specializes in serving visual media companies by facilitating the creation of high-quality content at scale. The platform features a workflow builder that allows businesses to integrate renowned AI models into automated custom workflows, significantly enhancing operational efficiency. By focusing on AI-powered image generation and innovative techniques such as 3D style transfer, Perfection42 aims to streamline the production of computer-generated imagery, particularly for game development. This technology not only accelerates the rendering process but also enriches the quality of video game titles, ultimately benefiting both developers and gaming enthusiasts. The company’s solutions are designed to improve productivity while reducing production costs, making it a valuable asset in the visual media industry.

DriveX

Seed Round in 2022
DriveX is a technology partner for insurers, specializing in a digital software platform that enhances the vehicle verification process. The company offers a proprietary AI-assisted verification system that enables remote vehicle inspections, significantly improving efficiency in policy sales and claims management. By automating these processes, DriveX helps insurance companies save time and reduce costs while minimizing the risk of fraud. Their solutions aim to enhance the overall customer experience, making it easier for both employees and clients to navigate insurance transactions.

Walk15

Pre Seed Round in 2022
Walk15 is a sustainable walking platform focused on promoting health and active mobility among employees. The company offers a Sustainable Activity Platform that provides annual subscriptions to businesses, allowing them to engage their workforce in walking initiatives while tracking social impact data for environmental, social, and governance (ESG) reporting. Additionally, Walk15 has developed a mobile application that encourages users to participate in walking challenges, track their daily steps, and create private competitions with colleagues, friends, or family. The app also features trails for exploration, the ability to grow environmentally friendly virtual trees, and a Step Wallet where users can exchange their accumulated steps for discounts on various products and services. Through these offerings, Walk15 aims to enhance employee well-being and contribute to sustainability efforts in corporate environments.

Okredo

Seed Round in 2021
Okredo is an open data platform that specializes in providing data and insights aimed at enhancing sales and mitigating credit risk. The platform aggregates and analyzes information from various sources, including financial reports and credit ratings, to deliver insights on creditworthiness, such as scores and limits. This enables businesses to make informed decisions regarding collaborations and investments. Okredo offers both freemium and premium services, catering to different user needs. While the company currently operates in Lithuania, it is in the process of expanding its services to Latvia, Poland, the UK, and other countries in Europe.

Cogastro

Seed Round in 2021
UAB Cogastro, established in 2019 and based in Moletai, Lithuania, develops a management platform specifically designed for edible insect farms. This innovative software offers a comprehensive solution for tracking and managing insect farming operations, focusing on automation, data recording, and performance measurement. By digitizing data collection and providing real-time insights, Cogastro empowers farmers to optimize their practices, improve efficiency, and reduce environmental impact. The platform aims to make alternative protein sources more accessible and affordable, ultimately supporting sustainable agricultural practices.

Contribee

Angel Round in 2021
Contribee is a content monetization platform designed to assist entrepreneurs and content creators in managing fan subscriptions and unlocking exclusive content. It provides an easy-to-use interface that facilitates instant payouts and integrates personal shops for creators. The platform supports various payment options and includes a content discovery tool for fans, enabling a seamless experience for both creators and their audience. By offering these features, Contribee helps creators, including gamers, artists, and writers, to optimize their monetization efforts, increase profits from contributions, and foster stronger engagement with their supporters.

NO-CV

Pre Seed Round in 2021
NO-CV is a recruitment platform that revolutionizes the hiring process by eliminating the use of traditional resumes. It offers a software-as-a-service (SaaS) solution that employs automated algorithms to streamline job searches, selection, and employment, allowing for more efficient candidate attraction and management. By removing the need for writing, reading, and analyzing resumes, NO-CV simplifies the recruitment process, enabling job seekers to connect with potential employers without the time-consuming steps associated with conventional methods. Ultimately, the platform empowers recruiters to focus solely on making final hiring decisions, enhancing the overall efficiency of the recruitment experience.

Boomio

Pre Seed Round in 2021
Boomio aims to transform the music sharing experience by providing an innovative platform that allows users to send original, full-length licensed songs to friends, groups, or a broader audience. Recognizing the challenges associated with existing music sharing methods, Boomio offers a seamless solution that enables real-time messaging and interaction with users. The platform not only allows for easy sharing of music, but also encourages discovery by enabling users to follow their favorite artists and receive updates on new releases. With a vast library of millions of tracks, Boomio enhances the way music lovers connect and share their favorite songs, fostering a community around music enjoyment and exploration.

Ligence

Pre Seed Round in 2020
Ligence is a Deep Tech startup based in Lithuania, specializing in healthcare solutions developed by a team of medical doctors proficient in artificial intelligence. The company focuses on automating heart ultrasound image analysis through its flagship product, Ligence Heart. This technology employs deep learning algorithms to accurately recognize various heart image views and perform essential measurements automatically. By streamlining the analysis process, Ligence Heart allows physicians to bypass manual measurements, enabling cardiologists and sonographers to enhance efficiency and significantly reduce analysis time, thereby allowing them to concentrate more on patient care and treatment.

Mark ID

Seed Round in 2019
Mark ID is a developer of identity verification technology that offers a comprehensive eSignature gateway aimed at helping businesses combat fraud and streamline customer identification processes. Utilizing advanced machine learning, the platform incorporates features such as liveness detection, biometric authentication, optical character recognition, and various recognition technologies to enhance security and efficiency. Mark ID's solutions are designed to assist companies in complying with regulatory requirements, including KYC, GDPR, and AML, while facilitating digital channels through a user-friendly interface. The company's focus extends beyond the Baltic states, positioning it as a valuable partner for organizations seeking to improve their identity verification and eSignature capabilities.

Attention Insight

Seed Round in 2019
Attention Insight is a company that specializes in artificial intelligence-based solutions for monitoring consumer visual engagement. Founded in 2019 and headquartered in Vilnius, Lithuania, with an additional office in Hamburg, Germany, it offers a software as a service (SaaS) platform that leverages deep learning and eye movement tracking to analyze design and content. The platform utilizes a visual attention prediction algorithm to generate predictive heatmaps that accurately forecast where users will focus their attention when interacting with content. This enables businesses to make informed, user-centric decisions regarding their marketing materials and design strategies without the need for extensive data collection. By providing pre-launch analytics, Attention Insight aims to enhance advertising campaign effectiveness and overall design performance.
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