The African Start-up Matching Fund
Let’s double or even better, triple your investment
Our Numbers So Far
27Matching Fund applications processed
€822,453Deployed as qualified matching grants
18Afrilabs Innovation Hubs Supported
149Angel Investors involved
€782,326Invested by local angel investors in innovation hub affiliated startups
18Startups from African countries
Our Numbers So Far
Matching Fund applications processed
Angel Investors involved
Deployed as qualified matching grants
Invested by local angel investors in innovation hub affiliated startups
Afrilabs Innovation Hubs Supported
Startups from African countries
Catalytic Africa Objectives
Our Portfolio Companies
Kasookoo Com. Ltd
The maximum financing from the matching fund is €60,000 per transaction.
If the business angel invests an amount less or equal to €10,000, then the matching fund will double the amount of funding the startup receives from the angel investors.
If the business angel invests more than €10,000, then the matching fund will triple the amount of funding the startup receives from the angel investors.
How Catalytic Africa Works
Fill in the registration form. All stakeholders have to register, whether you are a start-up, an innovation hub, an angel network, or an angel investor.
Submit Matching Application
After investing in a startup supported by an AfriLabs hub, the angel network, which is an ABAN affiliated member, applies for matching funds..
After the application has been submitted, it will be reviewed to make sure it complies with all the eligibility and compliance requirements.
If your application is approved, the KYC check on the beneficiaries will be carried out. Disbursement will be subjected to KYC check clearance.
The start-up will report to Catalytic Africa with the support of the hub on its progress on a monthly basis.
Who is Eligible?
Registered in a hub member of the AfriLabs network
- Be at least at the Minimum Viable Product (MVP) stage.
- Have secured investment from eligible angel investors
Registered in ABAN Angel Network.
Registered in a Local Angel Network of ABAN network.
Catalytic Africa is an initiative by ABAN and AfriLabs, supported by AFD and Digital Africa