In this article you will see the list of angel investors in Nigeria and how to reach them. Also you will learn how to seek angel them and what you need to prepare.
Anything that start with business is hard but tech startup is more harder, before testing your idea, build portfolio, product launch, iteration, pivot and finally getting your target market, all of this is hard work that will take months if not years to achieve, yet entrepreneur with passion do not complain, they move on with it, to them it is a dream that they need to achieve, but no matter how effective and good dreamer they might be there is something that is out of their control which is money.
Entrepreneur need money to fund their dream and aspiration, yes their product may be best, the likes the word has never seen they still need money to develop it and to put in front of their customers.
This is how venture capitalist was born; to give money that will take company from small to big, from nonpaying customer to paying one.
Venture capitalist may help the company with knowledge and other positive things but it is rare, their main mission is to provide the needed capital in fact they won’t back a naive entrepreneur that know little or nothing about running a company, thank God for angel investors because this is their calling.
Angel investor do not only provide fund for entrepreneur they also guide any entrepreneur they back which is where their name come from ‘Angel’ they guide entrepreneur with the well of information and experience they have, since most of them are entrepreneur themselves who just sold their company or currently running one.
I know I’m starting to bore you with the long epistles, do not be in haste it is imperative to know the background of angel investing you want to solicit.
Angel investing and venture capitalism in Africa especially Nigeria is just coming into stage with Nigeria, Egypt, Ghana, and Kenya taking the lead.
Nigeria venture and angel investing started booming around 2014/2015 when people that have access to internet increase sporadically and as it continues to increase so do people who want to invest their money in a booming industry.
How to get angel investors in Nigeria
The first rule of getting angel investor is not to cold call them, if you do, they will not reply whatever medium you use, no one want an intruder instead do the following.
1) Man know man
We are in the word of man know man, if you hate this, it is high time to embrace it because you will need it to secure fund.
Look for people that are close to angel investors you want to pitch to, set up a relationship with that person and tell the person to refer you to the angel investor.
The strategy takes a long time but it will pay off. To make it work your startup should be better in service and tackle real time problem.
2) Industry settings
Search and go to seminars, cocktail party, and industry night that angel investors in your industry frequent, set up conversation with them, if they give you green light you can go ahead and show them what youve got.
3) Lead Angel
Most time as an early stage startup, you will need many angel before you can reach your targeted fund, to achieve this locate the lead angel investors in your industry
This are the people that will drive other angel investors, people respect them a lot and will take their advice.
One of the lead angel investor in Nigeria is Tomi Davies people follow him a lot. If you can get such people you will have many angel investors knocking on your door
4) Tell your story
Tell your company or startup story everywhere you go, you never know it might get to the ear of an angel investors.
What you need to have ready before looking for angel investor in Nigeria
- A working prototype
- A user/customers list
- A business plan (lean business plan will do)
- Cap table
- Amount of share you want to give out (it should not be more than 20% in every round)
- Cofounder’s list
- List of competitors
- Strategy to win the competition
- Your unique selling preposition
The secret is to check the profile of the angel investor, look at startup they have invested in and interview those startup they will surely tell you what you need to get ready.
Digression?
Don’t mind me I love talking and writing about startup
Let go to what brought you here which is list of angel Investors in Nigeria
List of angel investor in Nigeria
1) Adewale Adisa
Adewale Adisa is a company man who moves in and out of company.
He was once a CEO of Courier and Service Company before he later become managing partner in Startegos; a company that specialized in finance and strategy design.
Where to find him
Sector he invest in
- Enterprise Software
- Healthcare
- Consumer Technology
- Clean Technology
- Portfolio
- Ogaranya
- Quickship Delivery
- Proqure Retail Network
Tips
Adewale Adisa is an MBA man so have your business plan intact before contacting him and be ready for questions
2)Adetunji Eleso
Adetunji Eleso has been in investment sector for over 18 years, he mostly work in company that support or guide small company or startup.
Currently he is a non-executive officer at CChub; a venture capitalist in Nigeria.
Where to find him
- Angelist
Sector he invest in
- Fin-tech
- Consumer Internet
- Retail
- Portfolio
- Life bank
- Truppr
- Delivery Science,
- Edves Suite
3) Jason Njoko
Jason Njoku is a CEO of Iroko TV, his love for investing made him become partner at Iroko partners and Oceon of spaxk capital. He is also a venture capitalist.
Do not let his venture capital engagement fool you Jason Njoku is an angel investor that have invested individually in many startup.
Where to find Jason njoku
Sector he invest in
- Healthcare
- Ed-tech
- Fin-tech
Since Iroko T.V. is a marketplace, his major angel investment lies in marketplace.
4) Olumide Soyombo
Olumide Soyonmbo is a business founder and angel investor. He co-founded Blue-chip technology and Leedpath; a venture capital that invest in early stage startup.
Where to find him
His portfolio
- Paystack
- PushCV,
- Mono
- His interest
- Fin-tech
- E-Commerce
- Consumer Internet
- Ed-tech
5) Kunmi Demuren
This is another angel investor who likes to invest in early stage startup, he is a partner at Green house capital.
If you are going to seek him make sure you know your business in and out.
Where to find him
His interest
- E-Commerce
- Fin-tech
- Consumer Internet
- Healthcare
- SaaS
Portfolio
- Max.ng
- Migo
- PrepClass
- Riby.
6) Kola Aina
Like other angel investor in Nigeria, Kola Aina also cofounded a venture capital that invest in early stage startup, but he also invest individual in startup that interest him and he has affinity for startup aiming big.
Where to find him
Sector he invest in
- Fin-tech
- Education
- Healthcare
- Enterprise Software
7) Ombola Johnson
For those who are looking for female angel investors Omobola Johnson is your best bet because she will not only give you fund, she will also guide you with her experience as minister of communication and technology in Nigeria also with experience as senior partner in Tlcom capital.
Where to find her
- Linkedln
Sector she invest in
- Fin-tech
- Mobile
- Consumer Internet
- Portfolio
- Okra
- ULesson
- Andela
7) Adedayo Amzat
Adedayo Amzat is a big fish in the ocean of Nigeria investment.
He is one of the pioneer of security exchange in Nigeria which means it will be less difficult to have SEC approve your startup if you are dealing with investing .
He founded Zedecret group capital; a company that finance early stage startup band can also found startup alone if the startup is worth it
Where to find him
Sectors he invest in
- Fin-tech
- Education
- Healthcare
- Enterprise Softwar
- SaaS.
8) Femi Kuti
If you are looking for healthcare angel investor Femi kuti is the go to. Most of the company he founded were in healthcare sector therefore make sure you know why you are doing before seeking him out.
You should check his requirements online before contacting him.
Where to find him
- Angel list
Sectors he mostly invest in
- Health care
- Biotechnology
9)/Idris Ayodeji Bello
Idris Ayodeji was given the name Afripreneur” because of his focus on Africa startup, he believe if Africa startup were given a boost Africa will soon be in par with other countries of the world.
Where to find him
- Angelist
His interest
- Financial Services
- Education
- Healthcare
- Consumer Internet
Portfolio
- Andela
- Tora
- Mono
- Flutterwave.
10) Michael Okaredje
Michael Okaradje is in ride sharing industry. He always complains about delay caused by vehicle movement which make him to found Pickmeup.
He is read to invest in any company that uses tech in solving day to day problem.
Where to find him
Sector he invest in
- Ride Sharing
- Clean Technology
- Fin-tech
- Consumer Internet
- Transportation
Portfolio
- Hequip Resources
- Pickmeup
- Onos.
11) Iyinokuwa Aboyeji
If you follow tech industry you will know who Aboyeji is; a cofounder of two prominent start up in Nigeria; Andela and Flutterwave.
He also founded future Africa as tool to invest in Africa startup though he is also double as an angel investor who provides fund and guidance for early stage startup.
12) Tomi Otudeko
Tomi Otudeko is another woman on our list of angel investors in Nigeria, she is a head of innovation in Jonny well and director at Itana a venture platform that invest in early stage tartup.
She is the go to if your startup deals with cloud computing and consumer internet.
Where to find her
Her interest
- Cloud Computing
- Healthcare
- Education
- Consumer Internet.
Portfolio
- Gero Care
- Indicina
- PowerCube
- Trade Buza.
13) Busayo Eniola Giwa
He is the Giwa of investment in Nigeria, he has worked in many investment position such as investment banking analyst and a partner at green house capital, he also do invest as angel in a startup.
Where to find him
Sector he invest in
- E-Commerce
- Fin-tech
- Consumer Internet
- SaaS
- Healthcare
Portfolio
- CredPal
- BoxCommerce
- Helium Health
- Migo.
14) Adegoke Olubusi
Adegoke is a Forbes 30 under 30” honoree perhaps due to his relentless effort to revolutionize the healthcare sector in Nigeria. He is the cofounder of Helium Health; a startup that seeks to improve the health care sector in Nigeria, he is also a managing partner at magic found.
Where to find him
His interest
- Healthcare
- Mobile
- Fin-tech
- SaaS
- Social Media.
Portfolio
- Akido Labs
- Draftbit
- Frubana
- Retool.
15) Yele Bademosi
Yele Bademosi is a founder of Microtraction a venture capital which gives out $65k to early stage start up. He can be approach for angel investing but make sure your startup is doing well.
16) Dr Ola Brown
Dr Ola brown is the founder of flying doctor a startup that provides healthcare/transport service in emergency situation by deploying helicopter to the zone.
She cofounded Green tree venture capital as to in invest in other health care startup. Though most of her investment is through green tree she can also be approach for angel investing.
17) Maya Horgan Famodu
Maya Horgan Famodu is woman who founded Ingressive capital; a venture platform as a result of difficulties her friend went through when soliciting for fund.
She can also be approach for angel investing.
