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All posts by VC4Africa

VC4Africa
Venture Capital 4 Africa is the fastest growing network of entrepreneurs, Angels and VC investors, which aims to connect innovative entrepreneurs (and their ideas) with the network, knowledge and capital they need to realize their potential. Our community extends to more than 159 countries around the world. We track 400 + ventures in more than 30 African countries. Members connect with mentors, angels and VC investors.
  • What makes hubs successful?

    For the past two weeks, I have been based at Impact Hub Accra to assist the team with business development as well as conducting research as part of my master’s in African Studies at Leiden University. As similar hubs continue to emerge across the continent, I seek to investigate the role hubs and innovation centres play in facilitating the pathways of its members. To explore this I have chosen to use Impact Hub Accra as a unique case study. My research focuses on how this particular hub advocates the trajectories of entrepreneurs, notably ‘social’ entrepreneurs. I will spend the next...

  • Q&A with AzarGen Biotechnologies on $3.1m funding round

    Starting 2016 with a bang, VC4Africa-listed venture AzarGen Biotechnologies closes US$3.1-million in Series B funding. VC4A had a chance to speak with Dr. Mauritz Venter to learn more about their progress and plans for the future. VC4Africa: Can you highlight the origins of the company and its inspiration? Mauritz Venter: AzarGen was started by four aspiring life science entrepreneurs with a diverse set of skills, interests and passions as post-graduate students at Stellenbosch University’s Institute for Plant Biotechnology. Throughout our years at university the team had a keen interest in the business aspects of science and in the beginning of 2003...

  • Why governments in Africa should seriously support more angel investors

    The following article is by Carol Musyoka, the founder and CEO of Carol Musyoka Consulting who has over 10 years of financial leadership experience working in Kenya and the United States. In June I attended the G-20 Global Partnership for Financial Inclusion, which held a workshop on Financing Entrepreneurship Innovative Solutions in Izmir, Turkey. Turkey currently holds the G20 Presidency and therefore its government played a pivotal role in the organization of the successful workshop. One of the panelists was a well-known Turkish entrepreneur, angel investor and author -- Baybars Altuntaş -- who impressed the audience with his vocalization of tax incentives that the Turkish Government provides...

  • Lessons learned from Angel Investor Bootcamp in South Africa

    On 27 August the third session in a series of Angel Investor Bootcamps leading up to the ABAN Investor Summit at DEMO Africa was hosted in Cape Town. The Bootcamps are organised by the African Business Angel Network (ABAN) in partnership with VC4Africa, Intercontinental Trust and the LIONS Africa Partnership. The Cape Town edition was hosted together with the Silicon Cape Initiative. Alexandra Fraser, past-chairperson of Silicon Cape, welcomed an audience of angels, entrepreneurs and potential investors who were there to learn more, share experiences and to network with each other. “Angel investing is never just about the money” said Fraser. “It’s about bringing...

  • Lessons learned on building a pan-African network of angel investors

    The following article is by David van Dijk who is part of the team behind African Business Angels Network (ABAN), a pan-African association that seeks to promote a culture of Angel investing across Africa. On 13 August, the second in a series of Angel Investor Bootcamps leading up to the ABAN Investor Summit at DEMO Africa was hosted in Nairobi, Kenya. The Bootcamps are organised by the African Business Angel Network (ABAN) in partnership with VC4Africa, Intercontinental Trust and the LIONS Africa Partnership. The Nairobi edition was hosted together with Viktoria Ventures and the iHub. Master-class by ‘European Angel Investor of the year’...

  • Tales from Nigeria: How African solutions are shaping the world

    The article is written by Ross Baird -- the executive director of Village Capital who joins digital pioneers Jean and Steve Case along with the Case Foundation from the US in exploring the entrepreneurial ecosystems in Kenya, Ghana and Nigeria. “If entrepreneurship is truly going to transform the world, it has to include everyone,” said Jean Case, CEO of the Case Foundation, to a packed house of entrepreneurs in Lagos. And in the past week, touring the entrepreneurship ecosystem in Africa, we saw an ecosystem that is emerging faster, better, and more competitive than I think we even imagined. At our...

  • How Ghanian startups are making an impact on the global stage

    The article is written by Ross Baird -- the executive director of Village Capital who joins digital pioneers Jean and Steve Case along with the Case Foundation from the US in exploring the entrepreneurial ecosystems in Kenya, Ghana and Nigeria. "Startups are the seed corn of the future economy," our partner Steve Case, co-founder of AOL and chairman of Case Foundation, often says. Today, Silicon Valley is envy of the entrepreneurial world, but 50 years ago, Silicon Valley was apple orchards. Detroit, then the wealthiest city in the US in terms of median income because it was the centre of the...

  • Major startup event DEMO Africa 2015 extends applications

    The deadline for one of the continent's biggest startup events applications to DEMO Africa 2015 has been extended. The application window which was scheduled to close on 30 May has been extended for a month with the new deadline set for 30 June. The decision to extend the deadline is a result of an upcoming roadshow. These mini DEMO Africa events will offer entrepreneurs the opportunity to meet with the organisers, to receive feedback on their application and to refine their profiles before the selection committee makes a final decision. The first of these campaigns will be held on the 3 June at...

  • These 21 green startups from SA, Kenya have been made investment-ready

    The Green Pioneer Accelerator focused on early stage enterprises contributing innovative solutions to environmental issues such as climate change, energy insecurity, loss of biodiversity and degradation of ecosystems. Over the past four months Impact Amplifier, GrowthAfrica, VC4Africa and Hivos offered the Green Pioneer Accelerator programme to selected businesses, taking them from ‘market proof’ to ‘ready for investment’. Twenty one committed entrepreneurs were selected for the programme in Kenya and South Africa. Interested investors and others can request to attend the Green Pioneer Accelerator Venture Forums in Nairobi (9 June) and Cape Town (11 June). See an overview of all the companies...

  • Uganda’s clean energy company UpEnergy talks about its investment deal

    UpEnergy, the Ugandan clean energy company and Unreasonable Institute alumni, has closed an equity investment deal, and is now raising US$1-million more in debt. We had a chance to catch up with UpEnergy co-founder Erik Wurster to chat about the funding round and future plans. Venture Capital 4 Africa: Congratulations on the investment you secured. What have you secured and what are you still looking for? Erik Wurster: One of our investors prefers that we not reveal the investment amount so I’ll give you a broad range: it is more than US$1 million and less than US$10 million. The total...