On Friday, the 8th of December 2017, Estonian Business Angels Network announced the winner of its Angel Investment Program 2017 (AIP). The winner is GuestJoy – a guest communication platform for hotels. The winner will receive a 160 000 EUR investment as a syndicate of 33 angel investors coming mainly from EstBAN.
At the sTARTUp Day in Tartu, TOP4 early stage Estonian Startups pitched their ideas and the winner was chosen with electronic voting. “With the Angel Investment Program EstBAN made a remarkable frog leap as the investment decision was made with 33 investors using electronic voting. This is also an outstanding possibility for young investors to learn from more experienced ones,” says the president of EstBAN Mr. Rein Lemberpuu. Mrs. Heidi Kakko, the former managing director of EstBAN adds: “The syndicated approach of investing is very useful for investors and startups. Next year we’ll be running the Nordic AIP with international trainings and wider network of angels and startups.”
The winner of AIP 2017, GuestJoy, helps independent hotels to enhance their guest stay through data-driven recommendations on offers and feedback notifications. Hotels will increase their ancillary revenue and reviews online.
Three runners-up at the finals were – Fitlap, Transformative and Frank.ai. The host event – sTARTUp Day is an outstanding business festival in Tartu, Estonia, with over 2500 visitors.
Find the pictures album of all the above mentioned events here!