Kampala Angel Investment Network launches – Disrupt Africa

The Kampala Angel Investment Network (KAIN) has officially launched in Uganda, aiming to bridge the gap in the country between early-stage entrepreneurs and investors.
The creation of KAIN has been spearheaded by entrepreneurship hub The Innovation Village over the last two years, which has succeeded in connecting and working with 2,000 Ugandan entrepreneurs at its Kampala-based hub space.
The new angel investor network officially launched last month (February), bringing together a pool of 10 local investors and two foreign investors interested in the pipeline developed by The Innovation Village.
The launch of KAIN was marked with the first ever angel investor meetup in Kampala, at which members set out plans for the coming year, including quarterly Deal Days, and angel investing masterclasses.
“We are motivated by the number of potential early stage entrepreneurs in Uganda who for lack of funding abandon scalable ventures. At the same time a lot of local capital is tied down in traditional investment vehicles like land, buildings/properties and stock. We see KAIN as a bridge for our most promising entrepreneurs to connect with local investors,” says CK Japheth, co-founder of KAIN.
Japheth says the aim to the new community is to build awareness around the concept of angel investing, with a highlight on the additional value offered by angels, such as mentoring and unlocking of networks.
KAIN also hopes to build the confidence of foreign capital to match local capital.
“Most foreign investors have been excited by the prospect of co-investing with locals, or also see it as a good sign if locals are investing,” Japheth says.
The first KAIN Deal Day is set to take place on April 28, with 50 entrepreneurs to be selected to pitch to investors.  
The target is to facilitate 10 deals as a result of each quarterly Deal Day, Japheth says.
Applications are currently open to both entrepreneurs and investors interested in participating at the April Deal Day, with masterclasses to be held for both groups in advance of the event.
Inspired and excited by the African tech entrepreneurial scene, Gabriella spends her time travelling around the continent to report on the most innovative tech startups, the most active investors, and the latest trends emerging in the ecosystem.
You must be logged in to post a comment.
Sign up for our Newsletter
Thank you for signing up!
Copyright © 2014-2021 Disrupt Africa. All rights reserved.

source

The Top Ten Modern Business Skills For 2022

NEW YORK--(BUSINESS WIRE)--“Communication”, “critical thinking” and “data literacy” are among the skills that workers need in order to thrive in 2022, according to a...

Softbank leads $127 million funding round for Brazilian healthcare startup Alice – Reuters

The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo, Japan, July 20, 2017. REUTERS/Issei Kato/File PhotoSAO PAULO, Dec...

How many unicorn companies are in the UK? | Fool UK – Motley Fool UK

The Motley Fool's personal finance site is devoted to helping you live a richer life.Let’s conquer your financial goals together… faster!The Motley Fool's ...

- Advertisement -

The Top Ten Modern Business Skills For 2022

NEW YORK--(BUSINESS WIRE)--“Communication”, “critical thinking” and “data literacy” are among the skills that workers need in order to thrive...

Expose your thoughts

LEAVE A REPLY

Please enter your comment!
Please enter your name here