The Danish Startup Ecosystem Guide 2024 - Magazine - Page 41
Have a wealthy veteran join
your growth journey
A Danish business angel typically invests between DKK 100,000-1,000,000 per startup.
The 昀椀rst investors in emerging startups
are often business angels. In addition
to capital, they bring experience and
networks to the company.
ness angel networks, and the Danish
ecosystem has seen several new angel
networks in recent years - including networks for female angel investors.
Business angels choose to invest some of
their high-risk wealth in startups. This
wealth is often earned through a long
business career or by selling a startup
after a successful growth journey.
It is estimated that there are 4,0005,000 angel investors in Denmark. A
large number are organized in busi-
One pitch to hundreds of investors
The obvious reason to make friends with
business angels is cold hard cash. A Danish
business angel typically invests between
DKK 100,000-1,000,000 per startup. Business angels also often invest together in
investment syndicates, which can consist
of a group of just a few individuals and up
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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 yet. Since
angels typically invest their own money
that they have earned through a successful business career, they can also bring
much more than cash - especially experience and networks.
Startups can apply to join business
angel networks by submitting their pitch
deck and then getting a chance to pitch
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