This year, a partnership with Village Capital will allow the event to experiment with their peer selection model. This will result in Chanzo Capital making investments in peer selected ventures that will go through a pre-event workshop.
Come November 2016, Nairobi city will be flocked with more than 100 investors and entrepreneurs from within and outside Africa to attend the 4th Angel Fair Africa.
This comes after a successful 3rd Angel Fair Africa in Accra, Ghana last year. This year, Angel Africa List - a network of investors -and Chanzo Capital - early-stage VC fund - are bringing the 4th edition to Nairobi, Kenya with some investors coming from Angel Africa List-the organizing company, East Africa Angel Network, Ghana Angel Investor Network, Lagos Angel Network, New Generation Angels, African Private Equity and Venture Capital Association, East Africa Venture Capital Association and Angel Capital Association.
According to a press statement, this year, a partnership with Village Capital will allow the event to experiment with their peer selection model. This will result in Chanzo Capital making investments in peer selected ventures that will go through a pre-event workshop.
Once selected, the ventures will then pitch during the event which will allow the enterprises an opportunity to appeal to like-minded investors.
In addition to pitching, attendees will have an opportunity to circulate to meet entrepreneurs in order to explore investment, business development and other types of deals.
“There will also be investors’, entrepreneurs’ and “exists” panel discussions to share light on experiences and trends,” the statement said.
Eric M.K. Osiakwan, Co-Founder of Angel Fair Africa said that “Nairobi, Kenya was selected as the fourth destination after successful events in Jo’burg, South Africa in 2013, Lagos, Nigeria in 2014 and Accra, Ghana in 2015 resulted in a small but significant number of deals.”
The Johannesburg event saw the Bertha Foundation invest in Vuyos- a catering and food ordering startup- who pitched at the fair and were later featured in Forbes Africa Magazine. During the Nigeria event, the Lagos Angels Network invested in real estate marketplace Hutbay and mechanic-finding service Autobox. In Accra, Ghana, Zeepay announced their first seed investment deal last year.
Angel Fair Africa is an event that brings together accelerators, incubators and emerging businesses from across the African continent and investors to do deals.
Ross Baird, Executive Director of Village Capital said, “We are excited to partner with Chanzo Capital at this year’s Angel Fair Africa to implement the peer selection model and to make catalytic investments at the event in November 2016”. Angel Fair Africa (AfA) has been making the rounds in the KINGS countries of Kenya, Ivory Coast, Nigeria, Ghana and South Africa (KINGS). KINGS is a term coined by Eric M.K Osiakwan similar to the Asian Tigers’ concept to represent the countries that are leading the emergence of Africa’s Digital Economy.
Image Credit: Angel Fair Africa
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