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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 [...]

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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. [...]

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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 [...]

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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 [...]

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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 [...]

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VC4Africa Investor Summit at DEMO Africa boosts pan-African angel investor community

By Miguel Heilbron on September 28, 2014

Angel investor networks from across Africa will investigate how to work together in a pan-African Business Angel Network. This is one of the outcomes of the Investor Summit hosted by venture capital community VC4Africa this past Wednesday, September 24th, at the DEMO Africa 2014 event in Lagos, Nigeria.

At the Investor Summit a diverse group of investors discussed “The Future of Angel Investing in Africa”. The investors present, both local and international, included angel investors, impact investors, venture capital funds, and corporate venture capital actors; all focused on early stage SME investing in Africa.

VC4Africa’s CEO and Founder Ben White explains: “Going into the third year of DEMO Africa, we introduce a new exclusive investor-only event as part of the DEMO Africa 2014 event. [...]

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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. For more details about eligibility see the Green Pioneer Accelerator Brochure.

The [...]

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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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