VC4Africa, the AngelList for Africa’s investment community, launches a premium service for investors, and announces entrepreneurs on the platform have raised over USD $2 million in early stage funding. Last week VC4Africa announced the 10 entrepreneurs selected for its September Cohort, part of its virtual acceleration program, and this week another group of ventures launched their fundraising campaigns. Currently over 30 promising businesses are dealmaking on the site. Angel investors and VCs that sign up for a VC4Africa Pro Account can follow the progress of more than 800 ventures gaining traction in 40 African markets, and have exclusive access to screened deal flow.
VC4Africa continues to connect qualified investors from around the world with the continent’s most promising entrepreneurs. Seeking to offer the most robust platform for investing in African enterprises, VC4Africa announces its Investor Pro Account service: an annual membership to the VC4Africa platform.
Investors with VC4Africa Pro Accounts get access to a dedicated account representative, the ability to follow hundreds of pre-screened ventures gaining traction in over 40 African markets, access to private venture documentation, alerts tailored to investment criteria, tools to network and pool resources with fellow investors, and more. Read more about the new service on VC4Africa’s benefits page: Deal Sourcing to Deal Closing with VC4Africa.
Networking and pooling resources
Through a VC4Africa Pro Account investors can also network and pool resources with fellow investors in VC4Africa’s investor network. And through a strategic partnership with the accountancy firm BDO, the 5th largest tax consultancy worldwide, investors gain access to deal making support in 15 African countries.
VC4Africa connects qualified investors from around the world with quality entrepreneurs building companies all across Africa, and has grown its services over the last two years. There are more than 800 vetted profiles published to the website, VC4Africa has presented a number of cohorts of top entrepreneurs raising capital, and celebrated various community successes. Entrepreneurs have raised more than a USD $2 million in funding and joint ventures and investments have been secured by members all across Africa. VC4Africa’s investor network has become the largest network of dedicated SME investors interested in supporting African based ventures. In addition to a growing number of angel investors, the network includes many well known firms like eVentures Africa, Alitheia Capital, 4Di, Fanisi, Grofin and the TBL Mirror Fund.
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.”
Connect with a VC4Africa Pro Account
Ben White, a Co-Founder of the VC4Africa community explains, “From day one we have been dedicated to putting in place world leading infrastructure for the African venture finance community. Increasingly we are able to support the growth and development of the entrepreneurs part of VC4Africa, now we have some powerful tools in place for investors”. Bill Zimmerman, fellow Co-Founder adds, ‘Everything we do is about lowering barriers to investing in the continent’s most promising entrepreneurs and we are well postioned to accelerating our efforts now.”