AfricaNXT 2022 AfricaNXT 2022
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POWERING INNOVATION FOR THE NEXT BILLION: THE ROLE OF LOCAL INVESTOR COMMUNITIES

- WAT
FutureNow Stage Innovation Pavilion

Stephanie Etiaka
Wennovation Hub, Head Operations
Subomi Plumptre
Volition Capital LLC, Director
Olabinjo Adeniran
Future Africa, Co-founder & Growth Partner
Fiyin Ogunlesi
OUI Capital

As at  Q3 2021, startups in Africa had raised  $2.9Bn+ in over 515 deals according to data from Africa:The Big Deal. While most of the funding comes from investors abroad, local investors are often the ones writing cheques for early stage start-ups, usually at the pre-seed and seed stages. According to Partech, early stage companies accounted for 64% of the 359 funding rounds above $200K in 2020, representing $220M of the $1.4Bn invested in startups on the continent. 

Local investors often have first hand experience of the challenges these startups are attempting to solve and are best positioned to provide advice and honest feedback to the founders in addition to early funding (usually between $25K to $100K) needed for these startups to build out their solution and acquire the early customers to validate their solution. More money in the hands of local investors would mean more early stage startups getting funding. These early bets give startups a fighting chance.

At the end of the panel session, attendees should be able to understand: 
[1] Fundraising models being adopted by local investors in Africa
[2] The roles and functions of VC platforms in promoting Innovation in Africa
[3] How we can build more robust local investor communities in Africa


                              This session is hosted by Blacklight Solutions



Attendees (47)

Daniel Nwaobi
Daniel Nwaobi
Illusion Decals, Co-Founder
WillFran Consulting
WillFran Consulting
WillFran Consulting, Research
Hidayatullah Bamidele
Hidayatullah Bamidele
Digital Marketer, Content Writer
Praise Innocent innocentpraise2913@gmail.com
Praise Innocent [email protected]
Student Personal Development Hub, Founder/Director
ME
Mimi Edokpolo
Unilever, Brand Manager
Samuel Obafemi
Samuel Obafemi
The Q Company, Chief Creative Director
Breakthrough Chikere
Breakthrough Chikere
Clozetsales, Founder
OLUBOWALE GREENE
OLUBOWALE GREENE
Eko Support Services Limited, Office Administrator
Private attendees are hidden.