The pan-African Startupbootcamp AfriTech accelerator has created a mentor-led angel community and investment syndicate designed to connect startups to mentors providing both operational help and capital.
Startupbootcamp AfriTech was launched in 2017 as the first multi corporate-backed pan-African startup accelerator, and in March 2021 launched the Africa Startup Initiative Programme (ASIP) to support the next generation of early-stage African tech startups disrupting a wide range of sectors. It recently accepted 10 startups into its fourth cohort.
It has now launched OnAfrica, a community and investment syndicate, led by director of programmes and ASIP founder-in-residence Henry Ojuor, which aims to play a pivotal role in showcasing some of the most promising startups from Africa, and providing them with essential support such as funding, access to partnerships and resources.
“In a concerted effort to ensure that startups within our network receive sustained and enduring value from mentors in our community, while also ensuring that mentors are able to capture some of the value they give to founders, we are thrilled to officially announce the inauguration of the OnAfrica Investment Syndicate, a groundbreaking venture facilitated by Startupbootcamp AfriTech,” said Ojuor.
The initiative is set to provide selected startups with check sizes ranging from US$100,000 to US$400,000 in comprehensive support, encompassing funding, mentorship, and guidance from an esteemed team of experienced angel investors.
By leveraging pre-vetted startup deal flow through Startupbootcamp AfriTech’s extensive scouting network and due diligence frameworks, coupled with exclusive access granted by the Startupbootcamp alumni, members of this syndicate can participate in premier deal flow opportunities emerging from Africa.
The aim is to do between US$3 million and US$5 million per year in startup deals through this network, and OnAfrica is calling on angels to join on the journey by submitting interest here.
