Introduction
Twenty promising African tech ventures, comprising 10 startups and 10 scale-ups, are set to showcase their innovative business solutions at the upcoming Angel Fair Africa event in Nairobi, Kenya, scheduled for November 7-8, 2024.
Angel Fair Africa: A Decade of Connecting Investors with African Entrepreneurs
Since its inception in September 2013, Angel Fair Africa has connected investors with high-potential startups across the continent. Previously hosted in cities such as Johannesburg, Lagos, Accra, Abidjan, and Cape Town, this year’s event marks Angel Fair’s return to Nairobi for the first time since 2016.
Key Collaborators and Venue for the 2023 Event
Organized by Chanzo Capital in collaboration with Startupbootcamp AfriTech, MEST Africa, Antler, iHub, and GrowthAfrica, the event will take place at the Two Rivers International Finance and Innovation Centre in Nairobi. Here, 10 startups and 10 scale-ups will have the opportunity to present their ventures to potential investors, looking to secure the funding they need to scale.
Day One: Early-Stage Startups Seek Seed Funding
The first day of Angel Fair Africa will focus on early-stage startups actively seeking angel, pre-seed, and seed funding. Among the selected startups are three Kenyan companies—VunaPay, NoMa, and Zopa254. Also joining them are Ghana’s BenBen and Lastmal, South Africa’s Ejoobi and Hitherroad, Uganda’s Karaa, Mozambique’s Goodbite, and Nigeria’s Wenzo. These startups represent a wide range of sectors and offer innovative solutions aimed at solving key challenges across the continent.
Day Two: Scale-Ups Targeting Series A and Series B Investment
On the second day, Angel Fair Africa will highlight scale-ups, more established companies seeking Series A and Series B funding to fuel their expansion efforts. Kenya again leads with five representatives: Check-Ups Med, Chumz, Save App, EpiCenter Africa, and Twiva. The remaining companies include Ivory Coast’s MojaRide and DigiTech, Ghana’s PayAngel, Tanzania’s KilimoFresh, and Nigeria’s HouseAfrica.
Pre-Event Preparation: Partner Support and Pre-Screening
All 20 ventures participating in Angel Fair Africa 2023 have undergone rigorous preparation, having previously participated in accelerator programs led by event partners such as iHub, MEST Africa, and Startupbootcamp AfriTech. These pre-screening and mentorship initiatives are designed to prepare the companies for investor engagement, maximizing their potential for successful pitches and funding opportunities.
Paving the Way for Africa’s Future Innovators
With Angel Fair Africa providing a platform to bridge the gap between emerging tech ventures and investors, this event plays a pivotal role in fostering growth and innovation in Africa’s startup ecosystem. The 2024 lineup of startups and scale-ups reflects the region’s diverse talent and commitment to solving pressing challenges with scalable, tech-driven solutions.
