Do you have a business project that needs an investor – business angel?

The development financial institution ALTUM and the association “Latvian Business Angel Network” (LatBAN) implement a pilot project, within the framework of which ALTUM together with business angels funds business start-ups and rapidly growing enterprises, promoting the attraction of private investors for viable projects.

The total amount of pilot project funding is EUR 3M.  Within the framework thereof, ALTUM, using its implemented state aid programmes, will be able to disburse loans for projects co-funded by business angels. The amount of ALTUM’s loan does not exceed the business angel’s investment. To receive ALTUM’s loan, business start-ups or rapidly growing enterprises, which will have attracted the funding of business angels, will not require any additional pledge or personal guarantee.