Singularity Investments, a global investment firm that specializes in scaling early stage ventures in Africa and North America and Yossi Hasson of Techstars and Kenya’s Viktoria Ventures are set to invest in three startups out of the 20 that pitched at the 4th Angel Fair Africa that ended on 11th November in Nairobi.
The three deal announcements are among a host of other deal discussions underway. At last year’s event in Accra over $20M worth of deals were closed with these year’s estimates set to top that.
“AFA sets itself apart as an event, which is focused on the getting deals done – dealmakers are matched with entrepreneurs and real problems are discussed by selected panels.,” observed Lexi Novitske, Principal Investment Officer of Singularity Investments.
The event, which attracted 45 selected investors from Africa and the world, saw pitches from 20 curated African startups and scleups from 8 African countries.
Yossi Hasson of Techstars, a global ecosystem that helps entrepreneurs build great businesses with it’s Africa office in Cape Town expressed interest to invest in one of the startups subject to negotiations and due diligence while Kenya’s Viktoria Ventures is in discussion with FarmDrive for a potential deal soon.
Dave McClure who gave the final keynote observed, “It was terrific to meet the growing community of angels and VCs investing in Africa, as well as some great new African startups. I hope to come back again next year to learn more about new potential Zebra-corns!” – next year the event heads to Abidjan, Ivory Coast for it’s 5th edition.