The African Business Angel Network (ABAN) is a non-profit established in 2015 aimed at promoting angel investing in Africa and connecting early-stage investors to entrepreneurial ventures. In 2016, a survey indicated that 48% of 462 surveyed ventures successfully raised a total of $73 million, demonstrating a growing interest in local and cross-border investments among African diaspora and business professionals. ABAN focuses on capacity building, advocacy, and sharing best practices to support the development of angel investing ecosystems across Africa.

1. ABAN in Africa
EBAN CONGRESS 2016

2. ABAN in Africa
• Who we are
• Founding members
• Reach
• Focus Areas
• 2015
• What We See

3. ABAN – who we are
• Non profit foundation – since May 2015
• Africans investing in Africa
• Promoting a culture of angel investing
• Supporting the development of angel networks
• Getting many more (early stage) investors excited,
educated, connected and doing deals
• Catalyzing capital to help maximize Africa’s
entrepreneurial potential
• Engaging policymakers on ecosystem support

4. ABAN – Founding members

5. ABAN – reach

6. ABAN – focus areas
• Capacity building
• Training
• Research
• Best practices, tools
• Annual conference
• Advocacy
• Agenda setting
governments,
international bodies
• Sharing international best
practices
• Representation and
‘cross pollination’
• Evangelizing
• Giving a voice to early
stage investing
community
• Outreach academia, VC’s,
media etc
• Representing African
investors overseas

7. ABAN - 2015

8. ABAN – what we see
• Forming new angel groups does not immediately
translate into more ‘deals done’ (takes time)
• Local ecosystems are young but developing. Trust still
needs to be earned
• Large appetite to learn, to be involved… but litte
patience, little tools
• Different angel groups are in process of inventing
themselves (and probably re-inventing some wheels
while doing so)
• We celebrate funding rounds (exits not yet part of
the vocabulary)

9. 2016 survey based
research VC4Africa
& partners
ABAN – what we see
• 224 ventures out of 462 surveyed (48%) successfully
raised USD 73M from third parties
• USD 326K average external capital secured per
venture
• 66% of investments below USD 50K. 8% > USD 500K
• 33% of the ventures securing funds have been
successful in multiple rounds
• 140 investors (angel, early stage VC’s) from 25
countries

10. 2016 survey based
research VC4Africa
& partners
ABAN – what we see

11. 2015 News
Aggregated
research from
Disrupt Africa
ABAN – what we see

12. 2015 News
Aggregated
research from
Disrupt Africa
ABAN – what we see

13. 2016 survey based
research VC4Africa
& partners
ABAN – what we see
• A growing interest from African diaspora to
invest in startups in their country of origin
• The emergence and increasing number of
business professionals turning angel investor
locally
• A growing appetite for cross-border investing
across Africa generally.

14. THANK YOU!
TOMI DAVIES
PRESIDENT

15. We’d love to hear from you!
Web: abanangels.org
Twitter: @ABANangels
Facebook: African Business Angel Network (ABAN)
Linkedin: African Business Angel Network (ABAN)
Mail: secretariat@abanangels.org