Viktoria Business Angels Network

Overview

Viktoria Business Angels Network (VBAN) is a syndicate that channels local and international investor capital into seed-stage investments in East African tech startups. Operating under the management of Viktoria Ventures, VBAN has been active since 2017, focusing on bridging the gap between startups and angel investors by building trust relationships and providing the necessary infrastructure to facilitate investment flow. The network has a membership of 43 investors, with 24 active members, and has closed 26 deals totaling $700,000 USD as of May 2020. VBAN's investment criteria emphasize capital efficiency, scalability, and innovation, targeting sectors such as technology, real estate, and other high-growth industries. The network's investment size ranges from KSh 5 million to KSh 30 million (approximately $50,000 to $300,000), with an average internal rate of return (IRR) sought of 35%. The average time to close a deal is between 3 to 6 months, and the average time to exit is 3 to 6 years. VBAN's portfolio includes investments in companies like VENCO, a Nigerian prop-tech startup, reflecting its interest in early-stage investments in Africa. The network's approach combines financial support with mentoring, connections to industry experts, and coaching on finance and business aspects, aiming to foster sustainable growth and development in the East African entrepreneurial ecosystem. VBAN's track record demonstrates its commitment to supporting innovative startups and contributing to the region's economic development through strategic investments and active involvement in the startup community.

Investment Focus

• Post-prototype stage
• Post-first revenue
• Founding team with sector expertise
• Technical and business know-how

Portfolio Companies