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Ghana Angel Investor Network invests 110K USD in education tech startup Revo

By Miguel Heilbron on October 31, 2014

Congratulations to VC4Africa member Revo and the Ghana Angel Investor Network (GAIN)! They recently closed an investment deal of around 110K USD, GAIN’s first investment!

The Ghana Angel Investor Network (GAIN), a network of high net worth individuals, launched with only 6 founding members and today has an impressive network of 24 investors, with a keen interest in startups. The GAIN network is diverse with investors having interests in sectors such as technology, agriculture, education and healthcare.

GAIN was established by Ghana’s Venture Capital Trust Fund to bridge the funding gap for very early-stage companies. The Venture Capital Trust Fund (VCTF) recognized the need to provide a platform for established entrepreneurs to assist aspiring entrepreneurs with capital and mentorship.

Revo is a Ghana based technology [...] Continue reading Ghana Angel Investor Network invests 110K USD in education tech startup Revo »


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Over 30 VC4Africa GEW meetups worldwide on November 20th – Want to add your own city too?

By Miguel Heilbron on October 27, 2014

Over 30 meetups have already been confirmed worldwide on Thursday the 20th of November, and you have one week left (until November 5th) to help organize a local meetup on November 20th in your own city too! (see the form below)

On the evening of Thursday, November 20th, the VC4Africa community will host a global dialogue on African entrepreneurship and investment as part of Global Entrepreneurship Week (GEW) 2014. Local entrepreneurs, angels and VC investors building great companies in Africa are brought together by VC4Africa members in their own cities all across the world. Last year we were able to attract 2000 people [...] Continue reading Over 30 VC4Africa GEW meetups worldwide on November 20th – Want to add your own city too? »


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Pan-African Business Angel Network to be founded this November

By Miguel Heilbron on October 24, 2014

The formation of an African Business Angel Network continues! After the Investor Summit at DEMO Africa 2014 in Lagos a next big meeting will be held in November, parallel to the European Business Angel Forum in Helsinki, Finland. Do you want to be involved?

This September startup funding community Venture Capital for Africa (VC4Africa) hosted the first pan-African Angel Investor Summit at the DEMO Africa 2014 event in Lagos. Central to the Lagos discussion was the creation of a Pan African Business Angel Network (ABAN), a member driven association. VC4Africa, Lagos Angels Network (LAN) and the European Business Angel Network (EBAN) support this initiative and now invite others to join moving forward.

The next meeting has been announced to be held as part [...] Continue reading Pan-African Business Angel Network to be founded this November »


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“Building partnerships sounds nice, but it is hard work”

By Bertil van Vugt on October 22, 2014

Many conferences on business opportunities in Africa are held both inside and outside the continent. Last week VC4Africa joined the ‘AfricaWorks!’ event in the Netherlands. The two-day gathering attracted around 700 people working at both multinationals, NGOs, universities and governments. 

Although coming from very different backgrounds the number of partnerships between organisations from both the corporate and non-profit world is increasing. But as Christiaan Rebergen, Deputy Director General for International Cooperation at the Dutch Ministry of Foreign Affairs said: “Building partnerships sounds nice, but it is hard work.”

During the event, organized by the Netherlands African Business Council and the Dutch African Studies Centre, lively discussions were held and the interesting mix of [...] Continue reading “Building partnerships sounds nice, but it is hard work” »


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5 things to know about the Green Pioneer Accelerator, with €100K for Africa’s best sustainability startups!

By Miguel Heilbron on October 20, 2014

A new acceleration program for green entrepreneurs was announced last month, targeting green entrepreneurs looking to take their innovations to scale in Africa. Below you’ll find 5 key things to know about this ambitious program.

The application process still runs for little over a month, until the 1st of December 2014. Don’t wait until the last moment to apply!

1. Why this program?

Finding solutions for pressing social and environmental issues has traditionally been the domain of the public sector and civil society. However, entrepreneurs have recently emerged as a powerful force for change. But as Africa has just begun to test the Green social enterprise/inclusive business approach, the impact investment market place has yet to find its feet. To date, few efficient mechanisms have [...] Continue reading 5 things to know about the Green Pioneer Accelerator, with €100K for Africa’s best sustainability startups! »


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10 Startups from Nigeria you have to know about

By Jenni Lansisyrja on October 16, 2014

Below we feature 10 top startups from Nigeria, all fundraising on VC4Africa!

Click on the venture profiles below for more info, read the documentation and connect with the entrepreneurs. Only accredited investors who registered a VC4Africa Pro Account can access the company’s private documents, business plans, financial projections and all other details from the listed ventures’ VC4Africa profiles. (Login with your existing Pro Account here, or get more info.)

 Venture  Funding  Country   Artifind is a platform to find artisans with one click, ranging from tailors, barbers, and mechanics down to painters. Visit their VC4Africa venture profile to learn more. Funding required: USD 30,000 NigeriaTELIOS Trading is a social enterprise organizing small oil palm farmers across Nigeria [...] Continue reading 10 Startups from Nigeria you have to know about »

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Orange & VC4Africa launch online acceleration program for Orange African Social Venture Prize finalists

By Miguel Heilbron on October 13, 2014

Orange & VC4Africa lancent un programme d’accélération en ligne. Version en français plus bas / See below for French.

Orange teamed up with startup funding platform VC4Africa to set up an online acceleration program for the top ICT entrepreneurs from the 2014 Orange African Social Venture Prize. The programme will help entrepreneurs position themselves for growth and prepare for investment.

The Orange African Social Venture Prize rewards entrepreneurs developing products or services that use ICT in an innovative way to meet the needs of Africans in fields such as health, agriculture, education, energy, industry or trade. Applications for the prize closed in September.

New this year is that Orange will offer a professional and expert coaching not only to the winners but also to the 10 finalists [...] Continue reading Orange & VC4Africa launch online acceleration program for Orange African Social Venture Prize finalists »


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Why Africa’s startup scenes need better investment promotion legislation – learnings from Ghana

By Auria Styles on October 10, 2014

“The Ghana Investment Promotion Act (GIPCA) makes it virtually impossible for international tech investors to invest in Ghana’s start-ups” writes Auria Styles, cross-border transactional attorney, among other things responsible for detailing parts of the investment deal by Ghanaian startup Saya and US based company Kirusa. What should be changed?

As references to Africa’s “Cheetah Generation” fall off the tongues of global investment bankers as commonly as “BRICs” did in the early 2000s, Accra has become a mandatory destination for the world’s venture capitalists and angel investors. It’s a gold mine for savvy tech companies scouting for talent and access to Africa’s promising digital economy. Along with its surge towards a tech-driven future, Ghana has been managing its debut as an emerging oil nation, [...] Continue reading Why Africa’s startup scenes need better investment promotion legislation – learnings from Ghana »


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New USD 15-20k investment in Nigeria’s fuel station app E-Pump

By Miguel Heilbron on October 6, 2014

Congrats to entrepreneur Ayodeji Ogundiran, founder of VC4Africa registered company E-Pump, and their investors including VC4Africa member Michael Oluwagbemi, who just closed a new seed investment deal!

The seed investment round in E-Pump was announced by LoftyInc Allied Partners Limited, operator of the Wennovation Hub high-impact start-up acceleration program in Lagos, Nigeria. Michael Oluwagbemi, Executive Partner at LoftyInc, told VC4Africa “the invested sum is within the $15,000 to $25,000 bracket that we invest in early stage teams, with the option to invest up to four times the initial invested amount in a follow up round.” The investment was syndicated among a group of investors affiliated with the venture and product development firm based in Lagos.

At Wennovation Hub, LoftyInc provides “everything from management consulting [...] Continue reading New USD 15-20k investment in Nigeria’s fuel station app E-Pump »


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12 of Africa’s top tech startups building amazing platforms

By Miguel Heilbron on October 6, 2014

By Miguel Heilbron & Jenni Lansisyrja

Check out 12 African tech startups building amazing platforms, and get in touch with these upcoming business leaders! 

All of the listed companies have just launched their products at DEMO Africa 2014 before investors, media, strategic buyers and others attendants from around the world. Click on the venture profiles below for more info, read the documentation and connect with the entrepreneurs. Only accredited investors who registered a VC4Africa Pro Account can access the company’s private documents, business plans, financial projections and all other details from the listed ventures’ VC4Africa profiles. (Login with your existing Pro Account here, or get more info.)

     Cribpark -  Nigeria Cribpark is a web-platform including home design catalogue, web shop, and project [...] Continue reading 12 of Africa’s top tech startups building amazing platforms »