{"id":6408,"date":"2026-09-03T11:14:06","date_gmt":"2026-09-03T09:14:06","guid":{"rendered":"https:\/\/www.norban.no\/?page_id=6408"},"modified":"2026-09-17T11:23:21","modified_gmt":"2026-09-17T09:23:21","slug":"how-angels-invest","status":"publish","type":"page","link":"https:\/\/www.norban.no\/en\/services\/get-funding\/how-angels-invest\/","title":{"rendered":"How angels invest"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"6408\" class=\"elementor elementor-6408\" data-elementor-post-type=\"page\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-acbe393 elementor-section-stretched elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"acbe393\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;stretch_section&quot;:&quot;section-stretched&quot;,&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t\t<div class=\"elementor-background-overlay\"><\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-d47d450\" data-id=\"d47d450\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4319e9e elementor-widget elementor-widget-heading\" data-id=\"4319e9e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">How angels invest<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f546425 elementor-widget elementor-widget-text-editor\" data-id=\"f546425\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Investment sizes, stages and preferences, as indicated by angel investors in Norway.\u00a0<br \/>If you are putting a round together, this is the shape of the money you are approaching.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-6d48ba5 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"6d48ba5\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-a92e2a7\" data-id=\"a92e2a7\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7eabf38 elementor-widget elementor-widget-heading\" data-id=\"7eabf38\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">The Ticket size decides how many angels your round needs<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7ec6d63 elementor-widget elementor-widget-text-editor\" data-id=\"7ec6d63\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>\u00a0<\/p><table style=\"width: 100%; border-collapse: collapse; margin: 0 0 20px 0;\"><thead><tr style=\"background: #19559E; color: #ffffff;\"><th style=\"padding: 10px 12px; text-align: left; border: 1px solid #19559E;\">Type of angel<\/th><th style=\"padding: 10px 12px; text-align: left; border: 1px solid #19559E;\">Ticket sizes<\/th><th style=\"padding: 10px 12px; text-align: left; border: 1px solid #19559E;\">What they do in a round<\/th><\/tr><\/thead><tbody><tr><td style=\"padding: 10px 12px; border: 1px solid #D4DDE8;\">Micro Angel<\/td><td style=\"padding: 10px 12px; border: 1px solid #D4DDE8;\">30\u2013500 kNOK<\/td><td style=\"padding: 10px 12px; border: 1px solid #D4DDE8;\">The majority of Norwegian Angels. They complete a round others have shaped; often passive, and often operators with a day job.<\/td><\/tr><tr><td style=\"padding: 10px 12px; border: 1px solid #D4DDE8;\">Core Angel<\/td><td style=\"padding: 10px 12px; border: 1px solid #D4DDE8;\">0.5\u20132 MNOK<\/td><td style=\"padding: 10px 12px; border: 1px solid #D4DDE8;\">You need at least one to lead or anchor a pre-seed round.\u00a0<br \/>Can be a sparring partner alongside the ticket; rarely takes a board seat.<\/td><\/tr><tr><td style=\"padding: 10px 12px; border: 1px solid #D4DDE8;\"><u>Super<\/u>\u00a0Angel<\/td><td style=\"padding: 10px 12px; border: 1px solid #D4DDE8;\">2\u20135 MNOK or more<\/td><td style=\"padding: 10px 12px; border: 1px solid #D4DDE8;\">Professional investors that can carry a round substantially alone.<br \/>Usually requires regular follow up and close collaboration.\u00a0<\/td><\/tr><\/tbody><\/table><p>Typical sizes of investment tickets by angels are such that small &#8220;round-filler&#8221; tickets have a <strong>median value of about 100\u00a0000 NOK<\/strong>, while the larger tickets have a median value of about 1 million NOK.\u00a0<\/p><p>A pre-seed round is therefore typically assembled from several of these angels rather than closed by just one.\u00a0<strong>A normal first or second round commonly includes 4 to 6 angels<\/strong>, depending on size.\u00a0The angels that can anchor or lead a round is roughly one in six, and barely a handful can carry one alone. Plan your approach accordingly: <strong>find the anchor first, then fill the round<\/strong>.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-299e5d2 elementor-section-stretched elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"299e5d2\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;stretch_section&quot;:&quot;section-stretched&quot;,&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-a856155\" data-id=\"a856155\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7de7148 elementor-widget elementor-widget-heading\" data-id=\"7de7148\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">How long does it take<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a91b481 elementor-widget elementor-widget-text-editor\" data-id=\"a91b481\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>An angel investment round typically takes <strong data-start=\"42\" data-end=\"65\">2\u20134 months to close<\/strong>, although the process can be much shorter for a well-prepared company with strong investor interest or considerably longer when the round is difficult to fill or core documentation is missing. The process usually starts with preparing the investment case and identifying suitable angels, followed by introductions, meetings, due diligence and negotiation of terms. Once an investor decides to invest, legal documentation and completion of the transaction can often happen relatively quickly, some investors are even able transfer the money just a few days after an agreement has been reached. This however is rare, and founders should generally plan for <strong data-start=\"555\" data-end=\"649\">several months from the first investor conversations to having the full investment secured<\/strong>, rather than assuming that a funding round can be completed in a few weeks.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-5295e96 elementor-section-stretched elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5295e96\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;stretch_section&quot;:&quot;section-stretched&quot;,&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-247270b\" data-id=\"247270b\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-67687fb elementor-widget elementor-widget-heading\" data-id=\"67687fb\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Most invest early, and most cannot follow on<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f8b7aca elementor-widget elementor-widget-text-editor\" data-id=\"f8b7aca\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Nearly all angels <strong>prefer to invest at a pre-seed level<\/strong>, and few will invest any later than a seed round. Less than a third of angels will consider investing at Series A, and also <strong>only about a third have capacity make follow on investments<\/strong> in later rounds.<\/p><p>Plan your next round on the assumption that most of your current angels will not be in it. At best their money is round-completing rather than round-sustaining, so expect that you have to land new core investors for each of your investment rounds.<\/p><p>Networks, investment companies and syndicates can give access to a materially larger combined amount than their members reach individually, so this is worth considering to anchor a round.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-32703c3 elementor-section-stretched elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"32703c3\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;stretch_section&quot;:&quot;section-stretched&quot;,&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-672dfb8\" data-id=\"672dfb8\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-cbb68a3 elementor-widget elementor-widget-heading\" data-id=\"cbb68a3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What arrives besides the money<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d6a4e5f elementor-widget elementor-widget-text-editor\" data-id=\"d6a4e5f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Angels will commonly want to to assist you with their own competencies and network, so choose some of your angels <strong>based on what competency they can offer<\/strong> in addition to the capital.\u00a0<br \/>The most common skills that angels can bring are technology and product, then operator experience as a founder or through an exit, then commercial and go-to-market, then finance and fundraising.\u00a0<\/p><p>A majority of angels have no sector preference, and will invest in anything they find interesting. Among those with a stated focus, <strong>B2B SaaS and software dominate<\/strong>, followed by property technology.\u00a0Domain specialists in the Norwegian market cluster primarily in four environments \u2014 construction and property, energy and climate, ocean and industry, and health.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-beeb0ee elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"beeb0ee\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-e6e5c7d\" data-id=\"e6e5c7d\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-fd8ebbd elementor-widget elementor-widget-heading\" data-id=\"fd8ebbd\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">A board seat is usually not the ask<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4ec3a2b elementor-widget elementor-widget-text-editor\" data-id=\"4ec3a2b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Most angels indicate that they can accept both an active and a passive role, depending on the company \u2014 and it is rare for an investor to be cleanly either hands-on or hands-off.\u00a0<br \/>Only about one in five investors require a board seat, and this is not connected to the ticket size.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4616bce elementor-section-stretched elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4616bce\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;stretch_section&quot;:&quot;section-stretched&quot;,&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-ed9e4f7\" data-id=\"ed9e4f7\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-1b1deb3 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"1b1deb3\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-66 elementor-inner-column elementor-element elementor-element-ecd9ff5\" data-id=\"ecd9ff5\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-f04d971 elementor-widget elementor-widget-heading\" data-id=\"f04d971\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Ready to talk to investors?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3e6c836 elementor-widget elementor-widget-text-editor\" data-id=\"3e6c836\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p style=\"text-align: center;\">Startups looking for investment can be published directly to investors in the NorBAN network through our digital channels.\u00a0<br \/>Submissions are evaluated for relevance before publication. NorBAN does not invest and makes no investment decisions \u2013 each angel decides for themselves, individually or together with other angels.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-c7eb826\" data-id=\"c7eb826\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5bedbb8 elementor-widget elementor-widget-image\" data-id=\"5bedbb8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"300\" height=\"200\" src=\"https:\/\/www.norban.no\/wp-content\/uploads\/2023\/08\/Startups-min-300x200.png\" class=\"attachment-medium size-medium wp-image-2568\" alt=\"Five colleagues discussing around a table in a brick-walled meeting room\" srcset=\"https:\/\/www.norban.no\/wp-content\/uploads\/2023\/08\/Startups-min-300x200.png 300w, https:\/\/www.norban.no\/wp-content\/uploads\/2023\/08\/Startups-min-1024x683.png 1024w, https:\/\/www.norban.no\/wp-content\/uploads\/2023\/08\/Startups-min-768x512.png 768w, https:\/\/www.norban.no\/wp-content\/uploads\/2023\/08\/Startups-min.png 1181w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-c78cbce elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"c78cbce\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-32778d1\" data-id=\"32778d1\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1d07236 elementor-align-center elementor-mobile-align-center elementor-widget elementor-widget-button\" data-id=\"1d07236\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-md elementor-animation-grow\" href=\"https:\/\/norban.fillout.com\/startup-submission\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-icon\">\n\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-rocket\"><\/i>\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">&nbsp; Submit your startup to the network<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-6209304\" data-id=\"6209304\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-d598b01 elementor-align-center elementor-mobile-align-center elementor-widget elementor-widget-button\" data-id=\"d598b01\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-md elementor-animation-grow\" href=\"https:\/\/www.norban.no\/programs\/\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-icon\">\n\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-hand-holding-usd\"><\/i>\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">&nbsp; Participate in a NorBAN program<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-87a3476\" data-id=\"87a3476\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-3cd5620 elementor-section-stretched elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3cd5620\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;stretch_section&quot;:&quot;section-stretched&quot;,&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-f38d28c\" data-id=\"f38d28c\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-de66c62 elementor-widget elementor-widget-heading\" data-id=\"de66c62\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">About these figures<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9596c83 elementor-widget elementor-widget-text-editor\" data-id=\"9596c83\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The numbers above are compiled from NorBAN&#8217;s experience with the norwegian startup ecosystem across our investor database and ecosystem programs over the past decade. The numbers do not represent a formal study, and should only be considered rough estimates based on our experience with the ecosystem and self-reporting from angels in various capacities.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>How angels invest Investment sizes, stages and preferences, as indicated by angel investors in Norway.\u00a0If you are putting a round together, this is the shape of the money you are [&hellip;]<\/p>\n","protected":false},"author":132,"featured_media":0,"parent":3651,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_tec_requires_first_save":true,"_yoast_wpseo_focuskw":"","_yoast_wpseo_title":"How angels in the NorBAN network invest","_yoast_wpseo_metadesc":"Cheque sizes, stages, board-seat appetite and how to make contact, as the angels reachable through NorBAN describe 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