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● About The Program

New Nordic Leads is a training program that boosts cross-border investments by improving startups’ investment readiness and educating the next generation of lead angels in the Baltics. The program is put together by EstBAN and FiBAN and fueled by Central Baltic Interreg. The startup investment readiness training is coordinated by Civitta.

We collab!

Estonia & Finland partnered up for a more efficient result. Get to know the organisations behind the programme.



  • Estonian Business Angels Network (EstBAN) is an organization for business angels and business angel groups seeking investment opportunities in Estonia and its neighbouring regions. EstBAN purpose and mission is to grow the quantity and quality of seed-stage investments, knowledge of investors and startups as well as building a strong network of investors in Europe.EstBAN was established in late 2012 by an active group of business angels who needed a way to come together, share deals and syndicate. As of 2021, EstBAN unites 250 members including associate partners who invest a total of 20+ million EUR per year. EstBAN members share insights and unite their investment capital, as well as provide knowledge and advice to their portfolio companies. 

    Approximately ¼ of EstBAN investors are international angels, not always based in Estonia but interested in contributing to the local startup ecosystem.

    Visit EstBAN Webpage

  • Finnish Business Angels Network (FiBAN) is a non-profit association of private investors on a mission to inspire private investments. The network’s three main activities consist of 1. Matchmaking of startup and investors, 2. Sharing of best practices and 3. Representation of the private investors’ interest.FiBAN, with its 650+ angel investor members, is one of the largest and most active angel networks in Europe. Annually, FiBAN receives about 800 startup applications, and its members invested in 2019 to 426 companies, out of which 54 were cross-border investments. FiBAN has been one of the first ones to organize international business angel trainings, which are now also available online.

    Visit FiBAN Website