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Global celebration of African entrepreneurship: over 40 meetups, 2500 people mobilized!

By Nathalie Gonçalves Aurélio on November 21, 2014

This Thursday, November 20, VC4Africa members and supporters came together in over 40 cities in Africa, Europe, the US and Asia – to talk Africa, innovation and investment. See some impressions below and add your own in the comments! 

We connected with fellow entrepreneurs, investors and supporters as a part of Global Entrepreneurship Week 2014 and were able to mobilize over 2,500 people! A big thank you to all hosts who volunteered to organize the meetups in their cities!

VC4Africa members and supporters came together in over 40 cities around the world, including Abidjan, Abuja, Accra, Addis Ababa, Amsterdam, Antananarivo, Bamako, Benoni, Berlin, Birmingham, Blantyre, Brussels, Buea, Bujumbura, Bukavu, Cairo, Calabar, Cotonou, Dar es Salaam, Douala, Frankfurt, Giza, Harare, Ilorin, Johannesburg, Kampala, Kigali, Lagos, London, Los [...] Continue reading Global celebration of African entrepreneurship: over 40 meetups, 2500 people mobilized! »


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African Business Angels Network (ABAN) launches at EBAN 2014

By Ben White on November 19, 2014

African investor network group establishes pan-African association to promote Angel investing and accelerate early stage entrepreneurship.

In the past few years, business angel networks have been created across Africa with many more expected to emerge the next few years. To facilitate this growth of investor networks for early stage entrepreneurship on the continent, some of the existing networks including the Lagos Angels Network (LAN), Cameroon Angel Network (CAN), Cairo Angels, Ghana Angel Network (GAIN), Venture Capital for Africa (VC4Africa) and Silicon Cape, and with support from the European Business Angels Network (EBAN), have come together to establish a pan-African network of networks called the African Business Angels Network (ABAN).

The idea of such a pan-African network was first discussed at [...] Continue reading African Business Angels Network (ABAN) launches at EBAN 2014 »


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Meet the business angel investing five digit sums in Kenyan startups Karibu Solar & Soko via VC4Africa

By Miguel Heilbron on November 18, 2014

What is the value African startup funding portal VC4Africa creates and how is this relevant to international angel investors? Read the interview below!

Dr. Stefan Shaw is a manager based in Munich, Germany who recently joined the VC4Africa community as an Investor Pro Account user. “My wife and I have decided to dedicate a percentage of our income to social impact in Africa. Instead of supporting aid projects, we want to support businesses in Africa that are sustainable regarding both social impact and financial performance,” he shares.

Why did you join VC4Africa?

“On my quest to find businesses that meet those criteria and are raising capital I stumbled upon VC4Africa. Over the past months I’ve been using the platform to identify ventures that fit our profile. [...] Continue reading Meet the business angel investing five digit sums in Kenyan startups Karibu Solar & Soko via VC4Africa »


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Startup IroFit finds investment via VC4Africa & closes USD 600K seed round!

By Miguel Heilbron on November 11, 2014

Congrats to the IroFit team for finding investment via VC4Africa and today closing their USD 600K seed round!!

Nigerian-Finnish internet-free mobile payment startup IroFit has raised USD 600K in seed funding from a group of investors including leading Nordic early-stage VC firm Inventure, major Finnish payments industry software development company Solinor, and Nigeria based industry expert and angel investor Rasheed Olaoluwa.

“The angel investor from Nigeria, Rasheed Olaoluwa, found us through our VC4Africa venture profile, then reached out to us”, says Omoniyi Olawale, IroFit’s Founder and CEO. “He was the first investor we got in the group. So that says something about the impact VC4Africa is making.”

IroFit is one of the 40 startups that was selected to pitch their new products at DEMO Africa two months ago. Investor Rasheed Olaoluwa [...] Continue reading Startup IroFit finds investment via VC4Africa & closes USD 600K seed round! »


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Africa’s largest startup event: VC4Africa entrepreneurs & investors connect in over 40 cities worldwide

By Miguel Heilbron on November 11, 2014

Over 1000 people have already signed up to participate in Africa’s largest startup event, and many more join every day to connect at networking meetups organized by the venture capital community VC4Africa in over 40 cities across the world. The events take place on Global Business Angels Day, as part of Global Entrepreneurship Week, next Thursday.

On the evening of Thursday November the 20th, venture capital community VC4Africa initiates a global conversation on investments in African innovation as a part of Global Entrepreneurship Week 2014. In over 40 cities in Africa, Europe, the US and Asia, members of the global VC4Africa (Venture Capital for Africa) community are taking the initiative to host informal networking drinks, bringing together local networks of entrepreneurs, angels and VC investors eager [...] Continue reading Africa’s largest startup event: VC4Africa entrepreneurs & investors connect in over 40 cities worldwide »


Pitching the Africa opportunity to international investors at EBAN Winter University

By Thomas van Halen on November 6, 2014

For the first time ever, early-stage investors from Africa and the Middle East will join their European colleagues as they gather to exchange best practices and create cross-border investment opportunities in the world’s most innovative and entrepreneurial economies.

The European Business Angel Network (EBAN) Winter University Conference in Helsinki will bring together top notch angels from across the world including Tomi Davies (Lagos Angels), David Rose (Gust/Rose Ventures), Jenny Tooth (UK Angels), Peter Jungen (German Angels) and Abdulmalek Al-Jaber (Middle East Angel Network), together with European Crowd Funding Network President Oliver Gajda. This year’s event will focus on celebrating and creating “Success Stories” and inspiring “Cross-Border and Cross-Continent Business Angel Investment and Exits”. 

VC4Africa’s David van Dijk explains: “The Helsinki event will be a great platform to [...] Continue reading Pitching the Africa opportunity to international investors at EBAN Winter University »


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VC4Africa announces new partnership: The Inclusive Business Accelerator

By Bertil van Vugt on November 4, 2014

VC4Africa has formed a partnership with the BoP Innovation Center and international development organisation SNV to support entrepreneurs who are setting up companies in Base of the Pyramid (BoP) markets in Asia, Latin America and Africa. The ‘Inclusive Business Accelerator’ is the first one-stop-shop for inclusive business services, via a global network, local offices and an online platform. Have a look at the platform and become a member!

The term ‘inclusive business’ is used to describe companies that are providing goods, services, and livelihoods on a commercially viable basis to low-income communities. And they are ‘including’ people who are looking for basic goods and services in the value chain and they will benefit on both sides; as [...] Continue reading VC4Africa announces new partnership: The Inclusive Business Accelerator »


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WINNERS ANNOUNCED! – Orange African Social Venture Prize 2014 finalists prepare for investment on VC4Africa

By Miguel Heilbron on November 3, 2014

Version en français plus bas / See below for French.

UPDATE: WINNERS ANNOUNCED! 

Orange announced the three winners of the Orange African Social Venture Prize during the AfricaCom Awards ceremony held in Cape Town, November 12. Congratulations to the entrepreneurs!!

The first prize was awarded to Modisar, the Station Energy Ivoire project was awarded second prize, the third prize was awarded to the Senegalese company Bouquet Pass Santé. Finally, a “favourite project” was also selected by visitors of the Group’s web portal StarAfrica. Over 20,000 visitors voted for the Ivorian project “Pubcell”. And the special Orange Partner API prize was awarded to Mewanko Farm, a project that involves the creation of an online platform to enable the sale of agricultural products on both urban and international markets.

In addition [...] Continue reading WINNERS ANNOUNCED! – Orange African Social Venture Prize 2014 finalists prepare for investment on VC4Africa »


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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 35 #VC4Africa #GEW2014 meetups worldwide on November 20th – Last chance to add your own city too

By Miguel Heilbron on October 27, 2014

Over 35 meetups have already been confirmed in Africa, Europe, the US and Asia, on Thursday the 20th of November. You have until Wednesday, November 5th to sign up as a host and add 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 at meetups in [...] Continue reading Over 35 #VC4Africa #GEW2014 meetups worldwide on November 20th – Last chance to add your own city too »