Baltic Business Angels brings together private investors who are committed to supporting young, innovative companies.
The association’s aim is to promote and develop a culture of start-ups and innovation in the state.
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Founders of technology companies require capital of up to €1 million or more even in the early stages of their businesses. They are often unable to provide collateral, which is why debt financing from banks is usually not an option. For this reason, equity investments or convertible loans from business angels are the traditional and preferred option for are the classic and most suitable form of financing. →
since 2018
Besides the pure financial commitment, also experience, personal support, confidentiality as well as knowledge transfer and access to networks are essential components of the cooperation. In return, the investor benefits from the economic success of the start-up company. →
since 2018
Baltic Business Angels Schleswig-Holstein e.V. is an association with over 50 members, funded by membership fees and grants from the European ERDF fund. Its aim is to contribute to the development of the start-up ecosystem in Schleswig-Holstein and to identify promising portfolio companies for its members.
Since the association was founded, a total of over 13 million euros has been invested in early-stage start-ups. The association is a member of Business Angels Deutschland e. V. (BAND), Berlin, and the European Business Angel Network (eban). Unlike most other regional German business angel networks, BBASH investors are not geographically restricted in their choice of target companies.
Baltic Business Angels e.V. was founded in 2018 by experienced entrepreneurs and investors and on the initiative of WTSH - Wirtschaftsförderung und Technologietransfer Schleswig-Holstein GmbH to offer private investors and innovative startups a network where bright minds meet fresh capital. Under the patronage of Economics Minister Claus Ruhe Madsen, the association gathers in its ranks individuals who are willing to contribute their private capital to the realization of innovative projects in Schleswig-Holstein and to the strengthening of innovative companies in their early stages. In addition to the financial commitment, experience, personal support, confidentiality and expert and network knowledge are also essential components of the cooperation. In return, the investor benefits from the economic success of the young company.
How did the Baltic Business Angels Network actually come into being and how does it work?
In conversation (German) with the information service startupdetector we provide interesting background information for business angels and startups.
Managing Director since 2013 and Managing Partner since 2018 at the Kiel-based petrol station company Anton Willer. He brings expertise in the fields of marketing and sales, finance and restructuring. Since completing his banking training, Axel has been investing in shares; for several years now, he has also been investing in start-ups, both professionally and privately. He is Managing Director of the medium-sized investment firm eFuel GmbH, which invests in start-ups in the green tech and synthetic fuels sectors.
Claas began his career in the ‘old economy’ at ‘AEG and Electrolux Group’, where he discovered his passion for emerging industries. This is what continues to drive him to this day. After working at ‘American Heritage Management Corp.’ on Wall Street and taking part in the first internet-based IPOs in the 1990s, his passion for technology and disruptive innovations grew ever stronger. He is a co-founder of “New Commercial Room”, a venture capital firm based in Hamburg, through which he manages a portfolio of high-tech growth companies ranging from medical devices and media to SaaS, IT and cybersecurity. As an angel investor, he has invested in companies both privately and through the “btov Investor Network”. He actively supports numerous German start-ups and accelerator programmes and acts as a scout in northern Germany for the “High-Tech Gründerfonds” (HTGF). This gives him access to first-class international deal flow and investors. In addition, Claas holds several supervisory board positions and is a live musician with the “Soul Lounge Connection”.
After completing her work-study programme, Norma started working as a sales engineer for diesel locomotives at Krupp MaK. She has pursued her passion for finance, sales and human resources for over 30 years as an entrepreneur running a traditional family business.
As a mentor, she supports, amongst others, young female founders at We Startup S.-H.. She shares her experience as a passionate entrepreneur to continue as a sparring partner.
She has set herself the following objectives for her role as Commercial Officer: to promote diversity; to raise the profile of the BBA; to strengthen networking amongst members; and to make the organisation more attractive to start-ups and sponsors.
Claus Ruhe Madsen has been Minister for Economic Affairs, Transport, Labour, Technology and Tourism since 29 June 2022. He was born in Copenhagen on 27 August 1972; he is married and has one daughter.
As a serial entrepreneur, investor and business angel, Julian has been involved in the German start-up and venture capital scene since 2003. He focuses on helping selected early-stage start-ups and their founders to turn their ambitions into reality. Investments are typically made in early-stage B2B technology companies with an initial track record. Julian’s current focus is on Industrial IoT, data analytics, B2B platform tools, e-health and 3D. He is particularly keen on spin-offs originating from research foundations and organisations or technical universities, but is also open to other opportunities. The best way to find out more about Julian is to visit his Website and here in the Interview.
During his long career as an entrepreneur, he has steadily built on his expertise in the areas of organisation, sales, people management and project work. This expertise now forms the basis for the strong and close collaboration he enjoys with the founders of the numerous start-ups in which he holds a stake.
Would you like to get to know the network and our events?
Please contact Network Manager
Do you have questions about membership, would like to contact the board or cooperate with the association?
Please contact Executive Assistant
The development and establishment of the Baltic Business Angels Network is supported by WTSH - Wirtschaftsförderung und Technologietransfer Schleswig-Holstein GmbH within the framework of the state-funded project »ShapeEcoHorizons« accompanies.
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Claus Ruhe Madsen has been Minister for Economic Affairs, Transport, Labour, Technology and Tourism since 29 June 2022. He was born in Copenhagen on 27 August 1972; he is married and has one daughter.
Claas begann seine Karriere in der Old Economy bei „AEG und Electrolux Group“, wo er seine Leidenschaft für aufstrebende Industrien entdeckte. Das ist es, was ihn bis heute antreibt. Nachdem er bei „American Heritage Management Corp.“ an der Wall Street war und in den 1990er Jahren an den ersten internetbasierten Börsengängen teilnahm, wurde seine Leidenschaft für Technik und disruptive Technologien immer stärker. Er ist Mitgründer von „New Commercial Room“, einem VC-Unternehmen mit Sitz in Hamburg, mit dem er ein Portfolio von High-Tech-Wachstumsunternehmen verwaltet, das von medizinischen Geräten über Medien bis hin zu SaaS, IT und Cybersecurity reicht. Als Angel Investor investierte er sowohl privat in Unternehmen als auch mit dem „btov Investor-Network“. Er betreut aktiv zahlreiche deutsche StartUps, Accelerator-Programme und ist Scout im Norden für den „High-Tech Gründerfonds“ (HTGF). Dadurch hat er Zugang zu erstklassigem internationalen Deal Flow und Investoren. Darüber hinaus hat Claas mehrere Aufsichtsratspositionen inne und ist Live-Musiker mit der „Soul Lounge Connection“.
As a serial entrepreneur, investor and business angel, Julian has been involved in the German start-up and venture capital scene since 2003. He focuses on helping selected early-stage start-ups and their founders to turn their ambitions into reality. Investments are typically made in early-stage B2B technology companies with an initial track record. Julian’s current focus is on Industrial IoT, data analytics, B2B platform tools, e-health and 3D. He is particularly keen on spin-offs originating from research foundations and organisations or technical universities, but is also open to other opportunities. The best way to find out more about Julian is to visit his Website and here in the Interview.