September 7, 2019 IBOMLLC Team

African Business Angels Network (ABAN) and AfriLabs Partner to Launch Catalyst, a New Investment Solution for African Startups

Innov8tiv
Innov8tiv – Blacks In Technology in USA, UK, Caribbean Islands & Africa

ABAN, the largest network of Angel Investors in Africa and AfriLabs, the largest pan-African network of technology and innovation centres, are proud to introduce Catalyst, an initiative to support the African start-up ecosystem and deliver real, measurable impact to stakeholders.

Catalyst is a cross-stakeholder initiative that aims to increase the pool of capital available to promising African growth-stage entrepreneurs, as well as support the startup ecosystem including hubs and angel network. At the same time Catalyst wants to increase the visibility of impact to institutional funders.

Catalyst operates as a co-investment fund that will match investments from qualifying angel investors into African growth-stage companies. Funds from Catalyst will be released after startups have received investments from Angel investors that are part of an angel network registered with ABAN. To be eligible, startups are required to register on the Catalyst platform through hubs that are members of the AfriLabs network. Performance of participating startups after receiving investments will be reported and monitored via the Catalyst platform.

Catalyst is raising funds from various institutional partners to add to a pool. This pool serves as …read more

Read more here:: African Business Angels Network (ABAN) and AfriLabs Partner to Launch Catalyst, a New Investment Solution for African Startups

      

IBOM LLC

We're passionate about your business and we only offer the best solutions.