The launchpad for emerging technology and trends

22-26 September 2014, Lagos

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Africa’s new remittance tool Remit raises capital to expand

By Miguel Heilbron on July 11, 2014

Today’s featured member of the VC4Africa community is entrepreneur Stone Atwine, CEO and co-founder of Remit Uganda, a new remittance tool raising capital to expand.

What’s the essence of your business and why are you interesting for investors?

“Remit is a platform that enables people from all over the world to transfer money to the mobile wallets of their relatives, friends and associates in Africa. We are faster, more convenient and more affordable than other platforms.

We are helping to bring down the cost of sending money home to Africa from abroad and we bring new levels of convenience to both senders and recipients of money transfers. We have a minimum viable product that is live and operational. We’ve moved tens of thousands of US dollars already and are generating [...]

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Backing Nigeria’s “Nerve” smartphone producer: ‘a smart move for investors’

By Miguel Heilbron on July 4, 2014

Today’s featured member of the VC4Africa community is entrepreneur Silas Okwoche, founder of Nigeria based company Nerve, producing “high relevance smartphones that are built for the mobile first generation of Africa”. They are currently raising a USD 500,000 investment round.

Who are the investors presently backing you, what is already secured and what’s still needed? 

“We are currently backed by a couple of angel investors, one of which is a Nigerian in the Diaspora and another a high net worth individual resident in country. In addition to our team’s personal funds we have secured just over USD 60k in angel investment from our previous round that is being disbursed on a milestone basis. [...]

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Lagos Angel Network makes its first investment in Autobox and Hutbay

By Bankole Oluwafemi on July 2, 2014

This article by Bankole Oluwafemi originally appeared on TechCabal, a VC4Africa publishing partner.

Congratulations to VC4Africa members Autobox and Hutbay for being the first startups to secure investment from the Lagos Angel Investors.

What is a notable first for the group of Nigerian investors, the Lagos Angel Network is getting behind two startups in a commitment that will see it invest cash and time in two early stage internet startups, Autobox and Hutbay.

Autobox sells car spare parts online and was the 2nd runner up of the TechCabal Battlefield competition in February. Hutbay is an online real estate marketplace based in Lagos. Both startups are established in what we are adamantly referring to as the Yabacon Valley, from the Co-Creation and [...]

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Kenya’s iProcure raises capital from Invested Development to improve farming services

By Sam Wakoba on June 30, 2014


This article by Sam Wakoba originally appeared on TechMoran and is published with permission.

Congratulations to VC4Africa member Stefano Carcoforo, co-founder of Kenyan company iProcure! Early stage impact fund Invested Development has invested an undisclosed amount into the mobile and web technology platform that provides software to enhance sales and inventory management in rural and peri-urban agriculture markets.

The funding will help iProcure to improve farmers retail operations by improving their inventories, orders, point of sale activities, and client profiles along with geo-located purchasing patterns, real-time agent performance and transaction analysis, and built-in mobile payments. The service aims at helping retailers better predict demand with business intelligence data, improve inventory management, and streamline distribution efficiency.

Founded in 2012 by Stefano Carcoforo and Nicole Galletta, the platform aims [...]

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VC4Africa listed startup Everzero secures investment from UK based Derrington Group

By Sam Wakoba on June 25, 2014

This article by Sam Wakoba originally appeared on TechMoran and is published with permission.

Congratulations to VC4Africa member Derrick Agyiri, founder of Ghana based venture EverZero (previously FastCashier, VC4Africa online acceleration participant), who has closed an investment deal with James Simpson of the UK based Derrington Group! Simpson joined “Ghana’s WhatsApp for payments” as an investor and co-founder.  

Derrick Agyiri, founder and CEO of EverZero said, ”Simpson has joined us. He came with an open cheque book and is ready to handle all bills relating to the project including administrative work. The investment does not exceed $1,000,000.”

Agyiri says the investor and the investments will help the firm move faster towards its goals of making payments as seamless as possible. The seed investor has already [...]

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Kenya’s mobile money crowdfunding platform M-Changa raises capital for growth

By Miguel Heilbron on May 19, 2014

Today’s featured member of the VC4Africa community are entrepreneurs Kyai Mullei and David Mark, co-founders of M-Changa. They are successfully facilitating traditional organized giving or ‘Harambee’ (Swahili for ‘fundraising’) through a mobile money crowdfunding platform, and are currently looking for USD 1 million investments to expand.

What’s the essence of your business model and has this changed? Why are you interesting for investors?

“M-Changa’s story is a growth story. With over 2,000 fundraising campaigns, over 13,000 supporters and close to 50,000 customer interactions, M-Changa is the biggest player in the digital Harambee space. The cross section of platform usage is extremely wide and mirrors trends demonstrated in all major research in the area of philanthropic giving in East Africa and Globally. This unique positioning allows [...]

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VC4Africa community celebrates 1000 published SME companies from across Africa!

By Miguel Heilbron on April 22, 2014

By Miguel Heilbron, Thomas van Halen, Joshua Aboah


This week we published the 1000th venture profile on VC4Africa! Check our ventures map, see some numbers on countries & sectors below, and read at the bottom how to join Africa’s venture capital platform too!

VC4Africa is the largest online community connecting Africa’s most promising SME entrepreneurs with qualified investors and various resources. Today there are 15,000 entrepreneurs, mentors, investors and business professionals part of the VC4Africa community spread across 159 countries, including more than 600 Angels and early stage VC investors.

To date VC4Africa has processed more than 1,800 venture applications from entrepreneurs all across Africa, of which 1,000 venture profiles were published to the VC4Africa.biz website. VC4Africa publishes [...]

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Pushing Africa’s SMEs further through technology – Interview with Zegetech, creators of MPAYER

By Miguel Heilbron on April 22, 2014

Today’s featured members of the VC4Africa community are entrepreneurs Stella Njoki and Kariuki Gathitu, the co-founders of Zegetech, creators of MPAYER. They won many awards and challenges and are currently raising capital. “We are excited to be part of the great technological revolution that our children will be taught about as history.”

Two years ago, at the inaugural DEMO Africa event, Stella Njoki and Kariuki Gathitu launched their product MPAYER, an app for businesses to manage income and expenses. Read the interview with Stella Njoki below.

What’s the essence of your business and why is it interesting for investors?

“Zege Technologies is a payments and communication platform. Our core strategy is to offer our products to the big enterprise market as well as the [...]

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Meet Nigeria’s LPM/L’Espace: raising capital to take Africa’s fashion to the world

By Miguel Heilbron on April 15, 2014


Today’s featured members of the VC4Africa community are entrepreneurs Isoken Ogiemwonyi & Wonuola Okoye of LPM/L’Espace
Having achieved a substantial impact on the Lagos shopping culture already, they’re currently looking for investments to expand in Nigeria and internationally.

After participating in the virtual accelerator program of venture capital community VC4Africa they recently pitched their Nigerian fashion company at the Angel Fair West Africa event in Lagos, where 20 African SME entrepreneurs pitched in front of investors.

L’Espace is a multi-brand concept store in Lagos; Le Petit Marche (LPM) is an innovative monthly market. Co-founder Isoken Ogiemwonyi originally graduated as a lawyer (LL.B) and also holds a Postgraduate Diploma in Hospitality Administration and an MSc in Management. Co-founder [...]

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Meet Green Energy & Biofuels, “West Africa’s best clean energy investment opportunity”

By Miguel Heilbron on March 21, 2014

160.000 clean stoves sold in 2.5 years! Nigerian company Green Energy & Biofuels, winner of various prizes and recently named “the best clean energy investment opportunity in West Africa”, is currently raising capital. See their VC4Africa venture profile for more info (sign up for the VC4Africa Investor Pro Account and get access to documents and full details).

Green Energy & Biofuels currently has approximately $1.5 million USD available from a $4 million Series A equity round. In addition, $3 million debt is also sought. We had a chance to catch up with Femi Oye, Green Energy & Biofuels Founder and CEO, aspiring to become Africa’s first multi-billion dollar renewable fuels company. The company is participating in the Global Social Benefit Incubator [...]

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