VC4Africa, Africa’s leading community dedicated to African venture finance launches new tools for investors as part of its premium service, and announces entrepreneurs on the platform have raised over USD $2 million in early stage funding. Angel investors and VCs that sign up for a VC4Africa Pro Account can now follow the progress of more than 800 ventures gaining traction in 40 African markets, and have exclusive access to screened deal flow.
Last week VC4Africa announced the 10 entrepreneurs for the September round of its virtual acceleration program. This week a new group of ventures also launched fundraising campaigns on VC4Africa. Currently over 30 promising businesses are dealmaking. VC4Africa continues to connect qualified investors from around the world with the continent’s most promising entrepreneurs. VC4Africa’s investor network has become the largest network of dedicated early stage investors interested in supporting innovative African ventures. In addition to a growing number of angel investors, VC4Africa’s investor network includes many well known firms like eVentures Africa, Alitheia Capital, 4Di, Fanisi, Grofin and the TBL Mirror Fund (see our recent profile of 40 investors part of the VC4Africa investor network).
VC4Africa has grown as a service over the last two years. More than 800 entrepreneurs from across the continent have successfully published their venture profiles on the VC4Africa website, VC4Africa prepares entrepreneurs for fundraising in our ‘Cohorts’ virtual accelerator programs, and the community is able to celebrate a growing number of success stories.
Entrepreneurs have raised more than a USD $2 million in funding and joint ventures and investments have been secured by members in countries as diverse as Cameroon, South Africa, Egypt, the United States, Ghana, Kenya, Nigeria, the Netherlands, Somaliland and Zambia.
Asked about their experience, Dariu Trueb, Director at Kitendo Capital explained, “VC4Africa is an ecosystem booster. A platform like this works to mobilize community and gives impact investors like Kitendo better access to promising entrepreneurs.” Lino Carcoforo, the Co-founder and COO at Innovation for Africa Fund (i4A) expands, “VC4Africa are a fantastic team of consummate professionals that have channelled their expertise and resources to getting investment worthy start-up’s ready to receive investment. Angel Investor Jerome Kisting closes, “The more upfront information, the better. I don’t have staff working for me, so if VC4Africa can do that initial screening and select entrepreneurs that actually have coherent business plans and it looks like the model can work that is really useful. A lot of Angel Investors don’t have their own infrastructure to assess things, so any pre-selection is really helpful.”
Seeking to offer the most robust platform for investing in African enterprises, VC4Africa is excited to introduce our Pro Account service. This is a paid annual membership to the VC4Africa platform for unlimited access to entrepreneurs listed on the site and screened deal-flow from our acceleration program.
Register a VC4A Pro Account today and tap into Africa’s largest community of entrepreneurs. Get exclusive access to business ventures raising capital, receive tailored alerts that match your specific investment criteria, review venture documents online, cut due diligence costs, save time and service your investments from any device. Only Pro Account users are able to contact any individual part of the VC4Africa network. They also have exclusive access to the private documents posted to venture profiles and can set up their own private working groups.
VC4Africa supports its Pro Account users with a dedicated account representative. Whether an investors is interested in running a quick scan on a venture, getting a personal introduction with an entrepreneur, or connecting to fellow investors who would consider collaborating on a deal. Pro Account users also benefit from VC4Africa’s growing number of partners like BDO, the world’s 5th largest tax consultancy with offices in 15 African countries. All of these things are possible with the Pro Account.
Some of the benefits highlighted:
– Unlimited access to prescreened ventures
– Access to private documents & Quick Scan results
– Ability to message any member of VC4Africa
– Ability to set up and manage your own group; no storage quotas
– Accessible on-the-go from any device
– Secured with 256-bit AES encryption
– Access to VC4Africa partners network
– Dedicated account representative
Finally, Pro Account users can network with fellow investors at one of VC4Africa’s many networking events, participate in one of the cohort selection committees, or participate on panels for major events and industry leading conferences.
Access to screened deal flow
Ventures that apply for fundraising on VC4Africa need to meet the requirements as outlined in VC4Africa’s Quick Scan document. The businesses are beyond idea stage and are up and running businesses. The founder(s) are backed by a quality team and the venture is post prototype stage and/or already generating revenue. Many have already secured the backing of a lead investor and are now working to close their rounds. The documentation has to be top level and social traction within the community counts.
Networking and pooling resources
See the list of all registered investors already part of the network. Also join VC4Africa’s Investor Network Linkedin group (only open to investors registered on VC4Africa) to network or start a discussion with fellow investors.
Below see an earlier video on Angel investment in Africa: