Nairobi is hosting the fourth Angel Fair Africa, which will see 100 investors and entrepreneurs from within and outside Africa visit the Kenyan capital in November of 2016.
Angel Fair Africa brings together accelerators, incubators and emerging businesses from across the African continent and investors to do deals. This year’s event will be hosted by Angel Africa List, a network of investors, and early-stage VC fund Chanzo Capital.
Accra hosted the third edition of the fair last year.
Investors are expected from Angel Africa List, Ghana Angel Investor Network, Lagos Angel Network, New Generation Angels, African Private Equity and Venture Capital Association, East Africa Venture Capital Association and Angel Capital Association.
This year’s event will see the actualization of a partnership with Village Capital who will experiment with their peer selection model. Chanzo Capital will also make investments in peer-selected ventures, who will then go through a pre-event workshop.
The selected ventures will then pitch during the event, giving investors the opportunity to identify those they wish to meet.
Attendees will be able to circulate and meet entrepreneurs in order to explore investment, business development and other types of deals.
The Nairobi event follows previous fairs in Johannesburg in 2013, Lagos in 2014 and Accra in 2015, which have resulted in a small but significant number of deals.
For example, the Bertha Foundation invested in Vuyos, a catering and food ordering startup who pitched at the Johannesburg event. The Lagos Angels Network invested in real estate marketplace Hutbay and mechanic-finding service Autobox who also pitched at the Lagos event. Zeepay, who made it to the final round of the 1776 Startup Challenge, announced their first seed investment deal at the Accra event last year.
In addition to the pitches, there will also be panel discussions for experienced entrepreneurs and investors to share their experiences in the startup scene.