Apply for funding

Fill a company profile at FiBAN Dealflow tool, HöpöHöpö, to get your company into our database and visible to our 600+ investor members. As you fill in the company profile, make sure to fill in all fields, all financials, and upload a pitch deck. In HöpöHöpö, investors can search for companies according to their own field of expertise or according to the company sector or location.

What is HöpöHöpö?

FIBAN collects all funding applications with the startup CRM and portfolio management tool Höpöhöpö, where FIBAN’s investors members can view interesting startups, express investment interest and share feedback.

From this video, you can see how our FiBAN investors use HöpöHöpö for deal sourcing and reviewing startup applications in our dealflow.

Application deadline is one week prior to screening

The deadline for submission is at noon one week prior to screening (see deadlines above). If your company profile is not filled in completely, we won’t screen it. We will always inform you through HöpöHöpö ​if we’d like you to update any information.

All applications are pre-screened by the Dealflow Manager

In case something is missing from the application, more details might be asked. All submitted company profiles should get a notification within two weeks from the submission. If not, please be in contact with the Dealflow Manager.

In the application, a startup needs to submit:

1) An executive summary (the list of questions will be provided in the application form)

2) Investor pitch deck that will be downloaded to the HöpöHöpö

3) A view of how much money the company is raising and in what value.

Application data will not be shared with third parties

Notice that only companies who have made a HöpöHöpö profile are considered in our process. The information that is shared with FiBAN will not be shared with any third party. FiBAN may use aggregated data for its own research purposes, but will never breach confidentiality and share information regarding any company which is identifiable.

All screened companies receive feedback from the investor screening board through HöpöHöpö. Not all companies screened are invited to pitch. If your company is not invited to pitch, please update your profile in accordance with the feedback you get, and we can re-screen your company again at a later stage. In this case, the founder should inform FiBAN. Typically the re-screening can be done after a couple of months.

All approved applications will be viewed by 6-8 FiBAN investor members

All relevant and complete company profiles are screened by a FiBAN investor screening board consisting of 6-8 FiBAN investor members. The screening board selects the companies to pitch at the FiBAN Pitch Finland event arranged approx. 8 times per year. No more than 10 companies are chosen for each pitching event.

What to consider:

– FiBAN gets on average 1000+ new applications a year.

– A median investment size for angel investors is 200K€ and a typical company valuation is 1-2M€. For screening we typically do not take cases with 6M€ or more in valuation.

– For companies not located in Finland we hope you would have recognized a lead investor, and/or specific strategic reasons, why you’re seeking investments from FiBAN prior to applying.

– Typically business angels invest in companies near them unless it is a syndicate where they join. As an exception, in most of the cases we do accept companies based in the Nordics and Baltics.

The most promising business angel cases will be invited to pitch live at FiBAN Pitch Finland for the FiBAN members. FiBAN Pitch Finland is the leading regularly arranged pitch event in Nordics presenting potential high-growth startups to FiBAN angel investors. The event is targeted at FiBAN private investor members and partner members and is organized in cooperation with our partners. The event language is English.

Event format

At the event, each startup will have 5 minutes to pitch with a presentation followed by a short Q&A. Before every pitching event, there is a short rehearsal session for the entrepreneurs.

After Pitch Finland

After the event, FiBAN helps in collecting the names of interested angel investors. FiBAN members can indicate their interest in three ways:

1) By letting the entrepreneur know directly

2) By informing the FiBAN deal flow manager

3) By indicating interest in FiBAN deal flow tool, HöpöHöpö.

Conversations between investors and founders will be facilitated by the FiBAN Dealflow Manager. After pitching at FiBAN Pitch Finland, a company will have a 1-year quarantine before it can apply again.

FiBAN investors typically invest in groups called syndicates. A syndicate refers to a co-investment by several investors, represented by one person, a so-called lead investor. Syndicated investments make it easier for investors to manage risk and acquire a more diversified portfolio. Syndicates are also an excellent way for startups aiming to acquire larger investments. The FiBAN office helps the entrepreneur to connect with all interested investors.

FIBAN ry does not invest – our members do

As FiBAN is a network of Finnish Business Angels and an non-profit organization, FiBAN does not invest in any startups – our private investor members do. The most common format of startup investing is through a syndicate.

Dealflow Manager supports beginning of syndication

If a startup receives interest from more than three FiBAN angel investors, FiBAN Dealflow Manager will help with the facilitating of the first group meeting between the investors and entrepreneur, to support the potential creation of a syndicate. All companies that have pitched are informed about the number of interested angel investors.

Finding a lead investor is key

Entrepreneurs should keep in mind that their activity is key in closing an investment round. One of the key elements in the investor discussions is finding a lead investor that will represent the investors in the syndicate and help the entrepreneur close the round.

FiBAN offers legal documentation

FiBAN has legal document templates for Term Sheet and Share Holder Agreements available for FiBAN members and syndicates.

Closed a funding round with some FIBAN members onboard? Fantastic! FiBAN members have more than 2000 companies in their portfolios. We help those companies with visibility, partner offers, and peer-to-peer events.

Want to know more about FiBAN angels or their portfolios?

– Please take a look at the investment statistics on our Data page.

– Find some of our current members from our Find an Angel -page.

– See few selected Success Stories of startups that raised money from our members.