The pan-African startup accelerator, Startupbootcamp AfriTech, has introduced a mentor-led angel community and investment syndicate aimed at linking startups with mentors who can provide operational assistance and capital.
Established in 2017, Startupbootcamp AfriTech is the first multi-corporate-backed pan-African startup accelerator. In March 2021, it introduced the Africa Startup Initiative Programme (ASIP) to assist the upcoming generation of early-stage African tech startups disrupting a wide range of industries. The accelerator recently admitted 10 startups into its fourth cohort.
Now, Startupbootcamp AfriTech has launched OnAfrica, a community and investment syndicate. Led by Henry Ojuor, director of programs and founder-in-residence of ASIP, OnAfrica seeks to highlight some of Africa’s most promising startups and provide 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.
Henry OjuoThe OnAfrica initiative aims to provide selected startups with comprehensive support, including funding ranging from $100,000 to $400,000, mentorship, and guidance from a team of experienced angel investors.
With the thorough scouting network and due diligence structure of Startupbootcamp AfriTech, together with the exclusive access granted by the Startupbootcamp alumni, members of the syndicate can get involved in high-quality deal flow opportunities emerging from Africa.
The goal is to generate between $3 million and $5 million per year in startup deals through this network. OnAfrica is currently inviting angel investors to join the journey and express their interest.
Startupbootcamp AfriTech introduces mentor-led angel community and investment syndicate
