# Africa Angels Network: portfolio, investments and team

> Africa Angels Network is a vc firm. 11 investments on record, latest May 2015. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/africa-angels-network (Millionrounds; every figure on the page links to its filing or article)

[Investor](https://millionrounds.com/investors)

# Africa Angels Network

Last cheque observed May 2015. Silence since then is not evidence of inactivity: our sources miss unannounced rounds.

Quiet VC firm

Seed Venture

Cheques on record

**0%** of best year **0** **cheques in 12 months**, 11 on record

Since the last cheque **4178** days **00** hrs **00** min **00** sec

Median round **$1.6M** Rounds led **0 of 11** Sole investor **6 rounds** Mostly in **South Africa, 30%**

Pitch Africa Angels Network

## Africa Angels Network highlights

- 01 11 rounds on record
- 02 Mostly Seed and Venture: 100% of its rounds
- 03 Sole investor in 6 rounds, median $500K

## What they do

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** Not stated
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **11 appearances**

- **2015** 4 rounds
- **May** **[Oradian](https://millionrounds.com/company/oradian)** Seed · HR **Undisclosed** With 6 others
- **May** **[SweepSouth](https://millionrounds.com/company/sweepsouth)** Venture · ZA **Undisclosed** With 4 others
- **Feb** **[ACE-Africa Courier Express](https://millionrounds.com/company/ace-africa-courier-express)** Seed · NG **$3.0M** With 2 others
- **Feb** **[Angani](https://millionrounds.com/company/angani)** Seed · KE **Undisclosed** With 2 others
- **2014** 6 rounds
- **Oct** **[Delivery Science](https://millionrounds.com/company/delivery-science)** Seed · NG **$500K** Sole investor
- **Sept** **[Andela](https://millionrounds.com/company/andela)** Seed · US **$3.0M** With 12 others
- **Jul** **[Yoco](https://millionrounds.com/company/yoco)** Seed **$1.6M** Sole investor
- **Feb** **[PrepClass](https://millionrounds.com/company/prepclass)** Seed · NG **$20K** Sole investor
- **Jan** **[MERGIMS corporation](https://millionrounds.com/company/mergims-corporation)** Seed · RW **Undisclosed** Sole investor
- **Jan** **[Bozza](https://millionrounds.com/company/bozza)** Seed · ZA **Undisclosed** Sole investor
- **2013** 1 round
- **Jan** **[Wabona](https://millionrounds.com/company/wabona)** Seed · ZA **Undisclosed** Sole investor

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## What they claim to have backed

From their own portfolio page (on their website)

**0** of 2 we have independently watched raise

Bizbet-online livescores.biz

Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.

## The cheque

Seed Venture

Median round joined **$1.6M** the round, not its cheque Alone, median **$500K**

Led 0 of 11 rounds **0%**

- **Sole investor:** 6 rounds
- **Last cheque:** May 2015

Rounds by stage said on their site

- Seed *10*
- Venture *1*

Cheques by year Led Joined

2013 2015

Often in the room with

- [Pule Taukobong](https://millionrounds.com/fund/pule-taukobong) 2
- [Savannah Fund](https://millionrounds.com/fund/savannah-fund) 2

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## Who they invest alongside

The investors most often in the same rounds as Africa Angels Network. A count of rooms they were both in, not a relationship either has claimed.

[**Pule Taukobong** Angel **2** rounds together](https://millionrounds.com/fund/pule-taukobong)[**Savannah Fund** VC firm **2** rounds together](https://millionrounds.com/fund/savannah-fund)

## Quick answers about Africa Angels Network

### What does Africa Angels Network invest in?

Africa Angels Network invests most often at Seed and Venture (100% of the rounds on record).

### How active is Africa Angels Network?

11 investments on record, 0 of them in the last 12 months. The most recent was in May 2015.

### How big are Africa Angels Network's cheques?

The median round it joins is $1.6M.

### Does Africa Angels Network lead rounds?

Rarely, if at all: none of its 11 investments on record names it as the lead.

### Where does Africa Angels Network invest?

Most of the companies it backs are in South Africa (30%), Nigeria (30%) and Croatia (10%).

### Is Africa Angels Network investing now?

No investments in the last 12 months; the latest was in May 2015.

### Who does Africa Angels Network invest alongside?

Most often Pule Taukobong (2 rounds together) and Savannah Fund (2 rounds together).

### What kind of investor is Africa Angels Network?

Africa Angels Network is a VC firm.

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Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=africa-angels-network) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=africa-angels-network)
