ABAN in AfricaEBAN CONGRESS 2016

ABAN in Africa

• Who we are• Founding members• Reach • Focus Areas• 2015• What We See

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

ABAN – Founding members

ABAN – reach

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

ABAN - 2015

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)

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

2016 survey based research VC4Africa & partners

ABAN – what we see

2015 News Aggregated research from Disrupt Africa

ABAN – what we see

2015 News Aggregated research from Disrupt Africa

ABAN – what we see

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.

THANK YOU!

TOMI DAVIESPRESIDENT

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