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VC4Africa helps African startups secure finance and grow their business
VC4Africa.com is a fast growing social network of entrepreneurs and investors dedicated to building sustainable businesses in Africa. Our mission is to promote the continent’s most promising individuals (and their brilliant ideas) with the network, knowledge and capital they need to succeed in challenging circumstances. When local governments and institutions turn a blind idea, banks refuse to open their doors and micro-finance institutions can’t offer the right capital, our global network is there to fill the gap. And thankfully our peer-2-peer platform goes beyond capital and offers a lot of the information and support entrepreneurs need to put it to good use.
As part of this mission we launched an innovative matchmaking platform VC4Africa.biz. We are still working through an incredible ‘to do list’ and have a host of exciting partnerships, features and programs in the works, but it’s great to see that our early infrastructure is already having some meaningful impact. Most importantly, we can say our entrepreneurs are securing funding and finding partners needed to grow and scale their business. Rick, the founder of Market-fleas.com , an online craft market similar to the more renowned Etsy.com, was one of the first to close an investment round via VC4Africa.biz.
He writes, “Hi Ben, We finally finished our investment round and once again, thank you for the great platform. It really is the best out there, as we found a lot of fraudulent sites on the web claiming to help angel investors and entrepreneurs connect.” He goes on to explain, “As web entrepreneurs, we found the going tough as a startup and tried a lot of avenues to get initial investment including venture capital firms in South Africa, other online investment platforms and more with absolutely no luck. The problem was that 1.) we we’re a startup so a venture capital company with a minimum mandate of R50million was never going to look at us and 2.) every investment platform that we found (paid) would send (the guaranteed) connection via a random yahoo or gmail account which gave us hope, only to crush it again later. VC4Africa helped us connect (for free) to an investor we found within 3 days of being on the site, and created a platform where we could connect easily and without hidden agenda. Thank you VC4Africa, you are the only true investment platform.” Market-Fleas is not alone and its encouraging to see other ventures now in discussions with possible investors.
Other members don’t require funding and are finding the strategic partners they need to expand their business instead. Brian, the founder of Next2.Us writes, “Your website has been very helpful to me. I was able to connect to a company that wants to represent Next2.Us geosocial sms network throughout Africa. We have executed a Framework Agreement and are finalizing a relationship with a SMS provider that will allow Next2.Us Africa to offer our geosocial network service in Kenya.” Following his developments on twitter @hungrygarden it’s great to see they are now engaging local developers to test the service now live!
I think we are just scratching the surface of what is possible and already we have 86 ventures online from more than 20 African countries. What is really exciting is to see the diversity of projects across countries and sectors. If you are en entrepreneur working on a great project and in need of support feel free to reach out and connect with our network. You can sign up as a member on VC4Africa.biz and visit the Ventures section where you can post your project.
Tags: Africa, angel, Business, continent, crowd, crowdfunding, crowdsourcing, entrepreneur, entrepreneurs, Entrepreneurship, equity, final, finance, frontier, funding, gap, ideas, investor, meetup, Missing Middle, network, private, seed, sme, social, startup, Tech, Technology, vc, venture capital, venture capital for africa
About zia505The world is changing right before my eyes. Sometimes I don't know how I will ever keep up. There are so many ideas floating around on this internet. If only I had the means to collect them....
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