Angel Investors are affluent individuals who provide capital for a business start-up, usually in exchange for convertible debt or ownership equity.
If you are considering an Angel Investor for your next business idea, here is a list of players who are interested in African start-ups:
This early-stage venture fund and seed accelerator, founded by Dave McClure and Christine Tsai in Mountain View, California in February, 2010, seeks to back talented entrepreneurs in creating successful companies.
Adlevo Capital , a Mauritius-based private equity fund manager, has a local presence in Lagos.
It targets investments in companies with strong management and big market opportunity.
Greycroft is an American private equity firm.
It led the $10 million round raised by Nigeria’s Flutterwave.
Ventures Platform supports post Minimum Viable Product (MVP) teams.
It is active in Abuja, and eyeing Lagos.
Y Combinator is an American seed accelerator.
It has been investing in African tech start-ups, one of the latest being Tizeti, the Nigerian Internet Service Provider.