Angel Investment is made in startups at their initial stage in exchange for equity or any other convertible debt. This investment can be done on an individual basis or as an organization.
In Africa, there are a lot of people with business startup ideas but lack of funds hold them back from setting up their business which will solve problems in society.
These Angel investors take calculated risks in investing in these businesses that haven’t been proven in the market. Most times it works out fine but there are still some recorded failures and losses.
Some of the top Angel Investors in Africa in no particular order include the following,
eVentures Africa Fund(eVA Fund)
This fund was launched in 2010 with the mission of investing in startups and imparting knowledge that will help strengthen startup survival.
The eVA fund focuses its investment on small and medium enterprises in the internet and internet-related fields in Africa.
They provide all-around support, access to proven concepts and networks, knowledge and capital.
The eVentures Africa Fund has some criteria to be met before applications for investment are considered, the business must have an existing track record of up to 2-5 year, must be in sub-Saharan Africa, must be in the internet or internet-related field, must have a profitable business model and funding requirements must be within the range of $100,000 to $1,000,00
TBL Mirror Fund
This fund functions as a private Equity Fund for Nigerian SMEs and Eastern Africa as a whole. Experienced and seasoned individuals from various walks of life are the investors of the TBL Mirror Fund.
The TBL Mirror Fund invests in sectors with high growth rate, combined with the expertise and network the startup scalability is assured.
East Africa Capital Fund
The East Africa Capital Fund is an angel investment firm with expertise in business facilitation and investment advisory.
Also read, Review: Angel Investors in Nigeria
East Africa Capital Fund focuses on media, telecommunications and technology in their investment implementation. However, they also invest in any innovative startup from any other sector.
Adlevo Capital
Adlevo Capital is an investor network that is a Mauritius-based private equity fund. Adlevo Capital investment spans various African countries.
Adlevo Capital is focused mainly on driving development in the sub-Saharan Africa regions and they believe that the application of technology in all sectors will effectively bring the desired development.
Adlevo capital invests in Clean technology startups and ventures, Computer Software and hardware ventures and generally, any technology-enabled startup.
Angel Investment Network
This is one of the biggest investment firms in Africa although it focuses its investment more in South Africa.
The Angel Investment Network helps entrepreneurs to get local and global investors while also providing them with the necessary aid to remain in the market.
Also read, Some Local Angel Investors operating in Africa
They also act as investment platforms for people who want to invest and appropriately forward these funds to startups that need them.
Africa Media Ventures Fund
Just as insinuated in the name, this Angel investment firm is focused on growing the Africa media by investing in Media entrepreneurs who are skilled in their art.
Africa Media Venture Funds up to $200,000 and also leverages their extensive network and experience to aid the media entrepreneurs in Africa.
Investment as a business model is becoming stronger in Africa as it benefits not just the recipient but also the investors. Therefore, there are many more Angel investment firms and networks out there.
About the author
Chibuzor Elizabeth Chijioke a graduate of Abia State University is a Nigerian-based entrepreneur and content writer. She trained as a digital marketer at Innovation Growth Hub. She is committed to teaching people how to apply technology to better their lives and businesses. She spends her leisure reading sci-fi and fantasy novels.
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