We are
The Business Angel Network of Armenia
We provide a platform for investors to meet and cooperate with their peers, as well as connect them with aspiring startups and entrepreneurs in need of investment and expertise.


Business Angel Network of Armenia (BANA) is a network of investors, entrepreneurs and executives from Armenia and abroad interested in making investments in startup companies. In addition to capital, the members bring their expertise and experience to mentor aspiring entrepreneurs and connect them to resources that help startups succeed.

Uniting accomplished business leaders from Armenia and Diaspora and connecting them to promising startups, BANA creates value both for investors and for entrepreneurs. The investors benefit from opportunities for financial return and increase their chances of success by learning from and co-investing with other BANA members whose expertise spans a wide range of fields. The entrepreneurs benefit from the opportunity to present their products to investors who understand their industries and to receive financing and mentorship.

In addition to bringing investors and startups together, BANA is building an ecosystem that facilitates successful investments. It offers a range of services to both groups, such as pitching trainings to entrepreneurs and angel investing courses to the members.  In an effort to foster the growth of the ecosystem, BANA is developing a network of support, which includes law firms, financial service providers and other entities that facilitate the investment process.


Our network of investors will include prominent business leaders from Armenia and beyond who have succeeded in a variety of fields and are interested in leveraging their capital and expertise to foster startups’ growth all the way to an exit. Those investors usually make investments that range between $15,000 and $100,000.  In return, they enjoy the possibility of high financial returns while also benefiting from the connection to the group of high-impact individuals with cutting-edge knowledge and powerful professional networks. They also gain access to a pool of pre-screened startups and assistance in performing due diligence.

In additional to expertise and capital, members possess the ability to evaluate teams, understand the markets, and analyze company operations in order to select and invest in startups that have a high chance of success.  They also coach the entrepreneurs and connect them to resources that contribute to company growth.

Being the first Armenian angel investor network, BANA includes visionaries who understood the potential of developing the concept of angel investing in Armenia and were among the first to commit capital to such investments.  Confident in their ability to evaluable prospective startups and choose potential winners, they laid the foundation for forming the group.

If you’re interested in joining BANA, please send an email to [email protected]


BANA invests in high-growth entrepreneurs operating in Armenia. The investment size will range between $5,000 and $100,000 but may exceed this average if an entrepreneur presents a solid business case for a larger investment. BANA considers startups from all sectors and evaluates them based on the following criteria:

  • Founding team
  • Market size
  • Product
  • Proof of concept
  • Business model
  • Funding requirements
  • Exit strategy

If you are an entrepreneur who would like to pitch to BANA investors, please

If you have any questions, please contact us at [email protected].