Innovate Africa Launches USD 2.5 M Angel Fund For Early-Stage Africa-Focused Startups

Innovate Africa, an early-stage angel investment fund, has launched with an initial USD 2.5 M rollout to support up to 20 startups in its first year to solve complex, recognized problems such as insecurity, unemployment, and poverty with purpose-driven technology.

Co-founded by Kristin Wilson and Christian Idiodi, the fund will invest an average investment of USD 50 K into each startup plus a comprehensive support package in finance, governance, public relations, and strategy, ensuring a solid foundation for growth. Innovate Africa Fuund will also connect its portfolio companies with seasoned operators and advisors, both in Africa and globally, to ensure they get the expertise they need. Innovate Founders will have access to the Product Leadership Accelerator, Pan-African Product Tours, InspireAfrica Gatherings, and Silicon Valley Product Group Coaching Programs. 

Applications are open for founders across Africa via here.