Addis Ababa Angels Network

Overview

Addis Ababa Angels Network is a collective of individual investors dedicated to fostering economic growth and sustainability in Ethiopia. They believe in the transformative potential of a robust startup ecosystem to drive the country's economy forward. By pooling their experiences and financial resources, the members aim to support early-stage technology and tech-enabled innovative businesses. The network seeks startups that are technology-enabled, repeatable, and scalable, with a clear understanding of their target customers and a validated business model. They prefer teams with at least two co-founders who bring complementary skills and recognize the value that angel investors provide beyond just capital. For pre-revenue startups, having a tested minimum viable product (MVP) and a list of engaged customers is essential. Addis Ababa Angels Network has a track record of investing in companies like Eshi Express, a logistics tech firm addressing freight transport challenges in Ethiopia. Their investment philosophy emphasizes not only financial support but also mentorship and leveraging their diverse expertise to help startups launch and grow successfully.

Investment Focus

• Technology-enabled business model
• Minimum of two co-founders with complementary skills
• Completed and tested MVP
• Engaged customer base (non-paying)

Portfolio Companies