ABAN African Angel Investment Survey 2022
Angel investors are playing an increasingly important role in the African investment landscape. In simple terms, an “angel” is an individual that provides entrepreneurs and startups with early- stage risk capital through a diverse set of instruments, as well as knowledge, and access to networks to support founders on their journey.
Angels mostly operate in groups of different shapes and sizes, such as syndicates, in order to spread the risk and enhance investment performances. Angels provide starting capital, often making them the first investors in early- stage businesses.
For many startup founders, angels represent the first real entry point to fundraising, as they may be able to offer more flexible terms than traditional venture capital firms or banks. Although many angel tickets are small, Briter Bridges’ data reveal that more and more angels are actively participating in bigger stage funding rounds as well.