RaiseReady programme invites applications from female-run startups in SA, Kenya

Startups in Kenya and South Africa led by women or those that promote “female empowerment” are encouraged to apply for RaiseReady, a seven-week program designed to assist founders in finding, presenting, and closing a deal with African angel investors more quickly and fairly.

RaiseReady is a brief program that will give founders the skills, tools, and knowledge they need to close an angel deal and present their investment case to active angels. It is run by Viridian, an impact agency that creates and implements programs for early-stage entrepreneurs, investors, and entrepreneur support organizations throughout Africa.

“We are not going to teach you how to pitch or refine your business model, we assume you have customers and market traction. This programme will help you walk the last mile of raising angel capital,” Viridian said.

Through the RaiseReady program, founders will gain a better understanding of the entire angel investment process, as well as tips on how to close a fair deal and what to anticipate at each stage. They can use it to help them value their company based on the market and prepare their deal room for angel investors.

After sharing their investment case with active angels interested in their area or industry, participants will receive feedback from an angel investor. They will also get the opportunity to showcase at the African Angel Academy.

“This programme is for startups who have a customer-validated, scalable, and competitive business model and believe they have a strong investment opportunity for angel investors,” Viridian said.

Applications for the seven-week programme, which begins at the end of May, are open.