The Danish Startup Ecosystem Guide - Magasin - Side 39
Raise your first investment
One pitch to hundreds of investors
The obvious reason to befriend business angels is cold, hard cash. A Danish
business angel typically invests between
DKK100,000-1,000,000 per startup. Business angels also often invest together in
investment syndicates which could consist of a group of just a few individuals
and up to sometimes 25 business angels.
Business angels are often willing to
invest in startups at an early stage when
other sources of funding, such as venture
capital, may not be available. But as
angels typically invest their own money
earned through a successful business
career, they are also able to bring a lot
more to the table.
Startups can apply to business angel networks by submitting their pitch deck and
then get a chance to pitch in front of the
angel investors in the network. Some business angel networks have several hundred
members so it is a very fast way to connect
with a lot of potential investors.
Foto: DANBAN
Friends, family and fools: The 3 F’s are
often the first lifeline for startups when
it comes to funding. When this supply
line is exhausted, startups often turn to
business angels for additional funding.
There are an estimated 4,000-5,000 business angels in Denmark. A lot of these
business angels are organized in business angel networks. The Danish startup
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ecosystem has seen several new business
angel networks over the last few years including networks for female business
angel investors.
Business angel networks consist of
individual investors who provide funding
and support to startups. These networks
are typically composed of high-net-worth
individuals who are looking to invest in
high-risk, high-reward ventures.
Smart money
Business angel networks provide access
to a network of experienced entrepreneurs and business people turned
investors. These individuals can provide
mentorship, guidance, and connections
that can be invaluable to startups. For
example, business angels may be able to
introduce startups to potential customers, partners, or other investors.
Furthermore, business angel networks
often have a diverse range of experience
and expertise across different industries
and sectors. This can be particularly
beneficial for startups, who may need
specialized knowledge and skills in order
to succeed.
Another benefit of business angel
networks is that they can provide a level
of validation and credibility for startups.
By having the support and backing of
experienced investors, startups may be
more likely to attract additional funding
or attention.
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