The launchpad for emerging technology and trends

22-26 September 2014, Lagos

Tickets are available now.

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Applications Now Open: The 2015 Green Pioneer Accelerator Program launches in Kenya and South Africa

By Ben White on September 11, 2014

A new acceleration program was announced for green entrepreneurs today at the Seed Africa Symposium 2014 in Nairobi, Kenya. This ambitious, continental acceleration program targets green entrepreneurs looking to take their innovations to scale in Africa.

Are you an entrepreneur working on a highly scalable product or services that mitigates the effects of climate change? Does your business introduce renewable energy sources to market or reduce energy consumption? Maybe you are working on a different innovation that makes our society and planet both greener and healthier? If this is case, consider joining the 2015 Green Pioneer Acceleration Program and participate in either the Kenya (apply here) or South Africa (apply here) cohort.

The Green Pioneer Accelerator Program has been developed for early stage companies looking to [...]

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Mentor turned investor: Meet the diaspora angel who invested in startups Njorku & Kiro’o Games in Cameroon

By Ben White on August 29, 2014

Cameroon is not an ‘investor favorite’ and few non Cameroonian investors consider supporting entrepreneurs building companies there. What is the value African startup funding portal VC4Africa creates and how is this relevant to entrepreneurs and investors building companies in countries like Cameroon?

Rodrigue Fouafou, member of the VC4Africa community since 2013, is a Cameroonian born Canadian entrepreneur and angel investor who originally moved to Ottawa, Canada to pursue his studies. He now lives and works there, where he set up his own company.

In the last 10 years his business endeavors have proved to be successful and he has been able to build up his personal wealth. During the last two years, Rodrigue has been thinking a lot about Cameroon and to what extent entrepreneurs [...]

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Investor Summit at DEMO Africa 2014 – the first pan-African angel investor gathering in history

By Miguel Heilbron on August 12, 2014

On Wednesday September 24, VC4Africa presents the “Future of Angel Investing in Africa” Investor Summit at DEMO Africa 2014 in Lagos, Nigeria, together with various partners.

The event will be the first time networks like Cairo Angels, Lagos Angels Network, Ghana Angel Investors Network, Africa Angels Network, Angel Africa List and others come together to meet, exchange best practices, share lessons learned and set the road map for the future. Experts from organisations such as infoDev, the WorldBank, African Development Bank, the European Business Angels Networks (EBAN), the VC4Africa Investor Network and others are invited to join the conversation too.

This Investor Summit on the afternoon of Wednesday September 24 will bring together internationally renowned investors and will conclude with [...]

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South Africa’s 8Bit raises USD 110K from local & international angel investors

By Miguel Heilbron on August 11, 2014

Congratulations to VC4Africa member 8Bit and the investors (also including a VC4Africa member) with whom they secured a new round of investment deals!

Also have an investment success story to share with the whole VC4Africa community? Let us know!

Tom Kennedy, founder and CEO of South Africa based advertising platform 8Bit, announced the company closed a round of USD 110,000, consisting of deals with multiple South African and international investors.

The company went through 88mph’s Cape Town accelerator program and raised funding from them earlier this year. Also VC4Africa member Ernst Hertzog of early stage angel fund Action Hero Ventures and Neil Emmerick of hotel booking platform Nightsbridge, both based in South Africa, committed investments.

After additional investments secured at a Net Prophet [...]

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5 key tips for setting up your own African angel investment network

By Laura Catherine Baker on August 8, 2014

InfoDev, an innovation and entrepreneurship program of the World Bank Group, recently published an international guidebook on angel investing focused on both entrepreneurs and angel investors from around the globe. VC4Africa is publishing a series of articles based on texts from this guidebook, by Laura Catherine Baker / infoDev - The World Bank Group. Also see the first and second parts published on VC4Africa over the past weeks. Read the third part below.

In little more than a decade, formal angel investing organizations have shifted from being mostly a U.S. and European phenomenon to being active and visible around the world. Globally, angel investors build networks from scratch and put their own local spin on how these networks are founded, structured, and operated. Most impressively, these [...]

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Kenya’s BookNow secures USD 75k funding round from 10 angel investors

By Miguel Heilbron on August 5, 2014

Congratulations to VC4Africa member BookNow! They secured USD 75k in funding from 10 angel investors (some of which are in the VC4Africa community as well).

Also have an investment success story to share with the whole VC4Africa community? Let us know!

Nairobi-based bus ticket aggregator BookNow has closed a USD 75k round from 10 angels investors including local businessmen Mahendra K.D. Shah, Ravi Shah, Ritesh Doshi and four investors from their incubator 88mph. The company will use the funds to accelerate growth within the Kenyan market, by improving its product offering, and hiring customer support staff.

BookNow originally received seed funding from and was part of 88mph’s 2013 Nairobi accelerator program. The company was founded by Francis Gesora and Michael Nguru in August 2013 and aggregates bus tickets [...]

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Angel investing in Africa’s startups: Join the movement!

By Laura Catherine Baker on July 25, 2014

InfoDev, an innovation and entrepreneurship program of the World Bank Group, recently published an international guidebook on angel investing focused on both entrepreneurs and angel investors from around the globe. VC4Africa is publishing a series of articles based on texts from this guidebook, by Laura Catherine Baker / infoDev - The World Bank Group. Read the first part below.

Why is ‘angel investing’ important?

Filling the funding gap: Entrepreneurs around the world often face funding gaps between what friends and families can offer and what banks, VCs, and private equity (PE) firms are willing to contribute.

In 2008 a WorldBank / InfoDev study showed that in developing countries, friends and family usually contribute up to $50,000, enough for an entrepreneur to get started but not enough to generate [...]

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Africa’s early stage investor network on the rise, breaking down the numbers

By Ben White on July 3, 2014

At VC4Africa we have been busy building a leading network of investors actively investing in early stage companies.  There are more than 600 investors part of the community. Here are the results and some insights from our recent survey.

In an otherwise information scarce environment, entrepreneurs on VC4Africa are building up meaningful track records that develop over time. VC4Africa works to aggregate various information points about each company in its system and organizes this data in different ways that makes it useful for investors. In addition to the web-based system, VC4Africa is developing a network of partners that support members in due diligence, deal closing, and the monitoring of company progress [...]

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VC4Africa meetup Lagos at Angel Fair West Africa a big success

By Miguel Heilbron on March 30, 2014

Yesterday we had a great VC4Africa meetup in Lagos at Angel Fair West Africa! Entrepreneurs, investors and others – both those in town for the Angel Fair event and AVCA Conference and from the local VC4Africa community in Lagos – came together for some informal networking. Check out some pictures below, by Adewale Yusuf of Onedotphoto. Want to organize a meetup in your own city? Sign up here

Great to see the community come together like this! To get the most out of your VC4Africa membership, investors should check out the VC4Africa Pro Account to get priority access to Africa’s leading SME entrepreneurs. After [...]

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Angel investor networks emerging across Africa – Meet the Cairo Angels, Egypt

By Miguel Heilbron on March 28, 2014

VC4Africa connects local and global networks of angel investors interested in Africa’s greatest startups. In the coming days we’re present at the Angel Fair West Africa event in Lagos and discuss angel investing at the high-level EU-Africa Business Forum in Brussels. Recently we also had a chance to speak with Hossam Allam, Founder and President of Cairo Angels, the first formal angel investor network in Egypt. Read the interview below.

Could you introduce yourself and the Cairo Angels?

“I discovered angel investing while studying for my MBA at London Business School. The school hosted a resident angel network and I enjoyed sitting in on pitches. A few years after graduating I [...]

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