The creation of an angel syndicate by Kazana Fund is being hailed as a significant step toward the organization’s goal of democratizing access to networks and money for exceptional African innovators and fostering the expansion of the continent’s digital economy.
As an early-stage investor with the goal of working with “great African startups,” Kazana Fund’s angel syndicate seeks to address systemic issues that founders in the area face, such as a lack of networks and access to financing that prevents them from scaling.
“We aim to build wealth through innovation and startups in the continent starting from Ethiopia. We launched the angel syndicate because we saw the immediate need in the ecosystem for a platform that connects the capital with entrepreneurs,” said Hilina Zenebe, managing partner at Kazana Fund.
Kazana is seeking to collaborate with mission-driven early-stage African innovators who are seeking pre-seed or seed capital and who have the following qualifications: relevant experience, a minimal viable product (MVP), some traction, and scalable solutions or products.
