An investment syndicate and mentor-led angel community have been established by the pan-African Startupbootcamp AfriTech accelerator to link businesses with financiers and operational mentors.
Startupweek Launched in 2017 as the first pan-African startup accelerator supported by many corporations, AfriTech launched the Africa Startup Initiative Programme (ASIP) in March 2021 to assist the next generation of early-stage African tech entrepreneurs that are upending various industries. Ten firms were just admitted into its fourth batch.
Now, it has introduced OnAfrica, a community and investment syndicate headed by Henry Ojuor, founder-in-residence of ASIP and director of programs. Its mission is to showcase some of the most promising African startups and give them access to resources, funding, and partnerships.
“We are excited to officially announce the inauguration of the OnAfrica Investment Syndicate, a groundbreaking venture facilitated by Startupbootcamp AfriTech, as part of a concerted effort to ensure that startups within our network receive sustained and enduring value from mentors in our community, while also ensuring mentors are able to capture some of the value they give to founders,” stated Ojuor.
The program is expected to offer a range of comprehensive support, including cash, coaching, and direction from a distinguished team of experienced angel investors, to selected firms with check sizes ranging from US$100,000 to US$400,000.
Members of this syndicate can take advantage of top deal flow opportunities coming out of Africa by utilizing pre-vetted startup deal flow through Startupbootcamp AfriTech’s broad scouting network and due diligence frameworks, in addition to exclusive access provided by the Startupbootcamp alumni.
Through this network, OnAfrica hopes to close between US$3 million and US$5 million in startup deals annually. Angel investors are invited to join the trip by expressing interest here.