Bosnia and Herzegovina Business Angel Network
BHBAN – Bosnia and Herzegovina Business Angel Network is the first organized community of angel investors in the country, launched in 2022 with the support of Foundation 787, a non-profit organization dedicated to strengthening the startup ecosystem in Bosnia and Herzegovina.
BHBAN was created to support the growth of innovative, high-potential businesses across Bosnia and Herzegovina and the wider Western Balkans. Our goal is to connect private investors with early-stage startups by facilitating smart capital, knowledge sharing, and collaboration.
We bring together experienced professionals — entrepreneurs, business leaders, and ecosystem supporters — who are passionate about fueling entrepreneurship through strategic early-stage investments. A key focus of our work is syndicated investing — enabling members to co-invest alongside one another and with regional angel networks, reducing individual risk while increasing access to larger, more promising deals.
BHBAN connects its members with promising founders through regular pitch sessions, a structured due diligence process, and shared investment opportunities. While our members seek strong financial returns — typically through exits within 5 to 8 years — we also recognize the broader impact of angel investing on economic development and innovation in the region.
With support from Foundation 787 and other partners, BHBAN ensures that startups are investment-ready by offering members access to a curated and vetted pipeline, as well as guidance throughout the investment process. As the network grows, we continue to build a platform where capital meets purpose — and where investors actively shape the future of business in Southeast Europe.
WHY JOIN BHBAN?
By joining BHBAN, you become a part of a community shaping the local and regional startup scene: investing in bold ideas, sharing expertise, and connecting with fellow investors across the region and Europe.
Membership in BHBAN gives you access to:
Access to early-stage startups with high-growth potential from Bosnia and Herzegovina and the Western Balkans, pre-screened through a structured pipeline.
Receive support from the BHBAN coordination team in navigating the investment process, from interest to closing.
Co-invest with other members and regional angel groups to reduce risk and participate in larger, more promising deals.
Engage with a trusted community of local and international investors, and build long-term relationships with potential co-investors.
Stay informed and confident in your decisions through knowledge-sharing, peer learning, and practical sessions like workshops and expert talks.
Benefit from targeted support by seasoned international angel investors through joint deal facilitation, opportunity review, or investment decision insight — available for select opportunities.
Exchange ideas, discuss deals, and explore new sectors in a confidential and supportive setting.
Attend the leading invite-only investor event in the region, hosted annually in Sarajevo, connecting investors, founders, and key ecosystem players.
Enjoy reduced rates for select international and regional investment and startup conferences and events.
Receive curated insights, updates on dealflow, and the latest news from the angel investing world directly to your inbox.
Tap into vetted legal, financial, and technical experts to support your investment process from valuation to deal closure.
Get access to Angel Investing in BiH Guidebook, standard term sheets, due diligence checklists, and other tools that simplify each step of the investment process.
Whether you’re an experienced investor or just entering the world of startup investing, BHBAN offers a space to grow, learn, connect and make a meaningful impact.
Founding Members of BHBAN
BHBAN was officially established as an independent association in early 2026, following several years of collaborative efforts to strengthen the angel investment ecosystem in Bosnia and Herzegovina. The organization was founded by a group of experienced investors and entrepreneurs who had already been actively investing in startups, mentoring founders, and contributing to the development of the local startup ecosystem. Alongside the individual founding members, Foundation 787 joined as a founding legal entity, reflecting a shared commitment to building a strong, sustainable, and connected early-stage investment ecosystem in Bosnia and Herzegovina.
PRESIDENT
Sabina
Selvić Oručević
Sabina Selvić Oručević is an entrepreneur, angel investor, and President of BHBAN. Following a successful business exit, she dedicated her career to angel investing and startup ecosystem development, supporting founders with capital, strategic guidance, and hands-on experience in building internationally competitive companies.
Branko
Kecman
Branko Kecman has more than 20 years of experience in developing capital markets and promoting a culture of investing in Bosnia and Herzegovina. He is the Director and Co-founder of Advantis Broker, one of the country's leading brokerage firms, and Co-founder of Vrbas Kapital, an investment company focused on early-stage startups.
Dalibor
Parać
Dalibor Parać has more than 25 years of experience in developing complex IT systems, technology consulting, and leading software companies. As an entrepreneur and angel investor, he supports startups with both capital and hands-on expertise in digital product development, technology, and business growth.
Elvis
Pivić
Elvis Pivić is an entrepreneur and Founder of Agilitas Group with more than 20 years of experience in digital transformation, eCommerce, and business development. He actively supports companies in building scalable business models while contributing to the growth of Bosnia and Herzegovina's startup and investment ecosystem.
Maho
Taso
Maho Taso has more than 25 years of experience in banking, finance, real estate, and venture investing. He is the Director and Co-owner of PROSTOR Real Estate Services and an active investor with a portfolio of investments in more than ten early-stage startups.
Vladimir
Marić
Vladimir Marić has extensive international experience in business development, sales, and distribution, gained through companies such as Procter & Gamble and Orbico Group. He has been active in the startup ecosystem for years, mentoring founders and supporting business model development and market expansion.
Foundation 787
Foundation 787 is a non-profit organization dedicated to strengthening the startup ecosystem in Bosnia and Herzegovina and has supported BHBAN since the network's launch in 2022. It joined as a founding legal entity, reflecting a shared commitment to building a strong, sustainable early-stage investment ecosystem.
BHBAN Team
Hatidža
Hadžimuhamedović
Hatidža Hadžimuhamedović is Investor Relations & Community Manager at BHBAN. With two decades of experience across creative industries, media, IT, marketing and the non-governmental sector, she has let curiosity lead her through very different professional worlds, from design, journalism and television to strategy and ecosystem building. Today, she brings that experience together by connecting bold founders, investors and partners, creating opportunities for the right people, ideas and capital to meet. Creativity, communication and meaningful human connections remain at the heart of how she works.
Denis
Kurt
Denis Kurt is a startup ecosystem professional focused on early-stage startups, investment readiness, and impact entrepreneurship. At Fondacija 787 he leads two startup programs, connects local and regional startups with investors, and manages the portfolio of the F787 Impakt Fund. His work focuses on helping promising startups become investment-ready, facilitating meaningful founder-investor connections, and supporting the growth of Bosnia and Herzegovina's startup and investment ecosystem.
Senad
Alibegović
Senad Alibegović is a communications strategist and CEO of KENSHO Communications & Media, with over 15 years of experience in strategic communications, PR, media relations, digital marketing, branding, and event management. He has worked with organizations including UN IOM, OSCE, UNDP, UNFPA, and UN Women, and is also active as a speaker, educator, and researcher. Senad is currently pursuing a PhD in Communication Science at the University of Vienna, where he is also engaged in teaching and research.
Adin
Pinjo
Fifteen years in, Adin Pinjo has designed at just about every scale: whole event identities, chocolate boxes small enough to lose in a pocket, websites from full platforms down to a single stubborn page, and film from conference stages to vlogs. Bosnian and international clients get a designer who crosses rivers, mountains and occasionally deadlines. When he's not paddling to the Adriatic, converting vans into homes or walking 354 km across Bosnia and Herzegovina, he uses rare encounters with Wi-Fi to keep BHBAN looking good online. Concepts arrive between two mountains, visuals during water breaks, website updates apparently at bathroom stops. Lunch is highly sophisticated: caffeine, protein snacks, and whatever can be eaten one-handed while answering messages.
WHO CAN JOIN BHBAN?
Membership in BHBAN is open to individuals who are committed to supporting early-stage startups through both capital and expertise.
We seek members who are aligned with our values of collaboration, integrity, and long-term ecosystem growth.
You commit to making at least one investment per year, either individually or through BHBAN’s co-investment opportunities with members or regional partners.
Each investment starts from €3,000, with most members investing €10,000–€20,000 annually, and some going significantly beyond that.
You are open to making equity-based investments, which are currently the standard under local regulations.
You can dedicate approximately 40 hours per year to BHBAN activities, including events, startup evaluations, and learning sessions.
You are open to sharing insights and collaborating with fellow members during startup evaluation and due diligence.
You are willing to support startups beyond funding—through mentorship, advice, or industry connections.
You bring relevant experience as an entrepreneur, business leader, investor, or domain expert.
You uphold confidentiality, act ethically, and contribute to a trusted peer environment.
MEET SOME People From
Our network
WHAT BHBAN LOOKS LIKE IN ACTION
BHBAN has focused on building a credible and connected angel investing community — not through volume, but through relevance, trust, and consistent engagement grounded in real activity.
Investor learning has been central from the beginning. Our first Angel Academy was delivered with Spring Activator (Canada), and we’ve since expanded with the Academy of Zero One Hundred, Swiss EP, and our own tailored sessions — offered both online and in person for new and experienced investors alike.
Pitch sessions are organized regularly, typically every quarter or more frequently, featuring pre-vetted startups selected through a structured pipeline. These sessions are part of a broader investment flow that includes due diligence and, when relevant, support from experienced international angels. While not every pitch results in funding, many startups presented through BHBAN have moved into serious discussions, with several progressing through due diligence and into co-investment — often in collaboration with regional angel groups.
We are present across the country. So far, BHBAN has hosted meetups and events in Sarajevo, Mostar, Banja Luka, Tešanj, and Tuzla — creating space for peer exchange, founder discovery, and informal conversations that often lead to action. These are only the first steps, as we continue expanding to new locations and communities.
Each year, we bring the community together at the Business Angel Summit in Sarajevo — a flagship, invite-only event that gathers hundreds of investors, founders, and ecosystem actors from over 15 countries.
Behind all of this is close collaboration with Foundation 787 and other partners to support investment readiness, build co-investment opportunities, and ensure that members have access to practical tools, a vetted pipeline, and expert support throughout the process.
This is just a glimpse into how BHBAN operates — practical, evolving, and designed around the needs of its members.
