#ecosystem 🚀The LBAN - Luxembourg Business Angel Network announced a new board for 2024. Despite a small reshuffle, Michel Rzonzef remains at the helm. Looking back on 2023, LBAN highlighted €6.9m in investment by its members and the implementation of their co-investment tool, LetzGrow. The latter aims to allow investors to enter deals with smaller capital. Meanwhile, the number of the network’s members rose to 160. The organisation identified financing in the value chain, the changing ecosystem, and being dependent on too few active members as the main challenges moving forward. 📌 Read the full article here : https://lnkd.in/ecUTZvcy at Silicon Luxembourg #siliconluxembourg #businessangels #investment #luxembourg
➡ https://shorturl.at/dwFT6 The LBAN - Luxembourg Business Angel Network (LBAN) announced its board for 2024. Also it's members accounted for €6.9m in investment for 2023. Not bad. Thanks to Michel Rzonzef and Teona Khubutia for a quick reply after I reached out for a comment yesterday. Angel investor definition: a individual who provides capital to a business or businesses, including startups, usually in exchange for convertible debt or ownership equity. #Luxembourg #investment #angel https://lnkd.in/dnDj24rW