The African Start-up Matching Fund.

Let’s double or even better, triple your investment.

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Startups Engaged
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Fund Deployed
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Invovation Hubs
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Angel Networks
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African Countries & Diaspora
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Startups Engaged
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Fund Size
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Invovation Hubs
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Angel Networks
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African Countries & Diaspora

Our Numbers So Far

24
Matching Fund applications processed
€642,453
Deployed as qualified matching grants
10
AfriLabs Innovation Hubs Supported
172
Angel Investors involved
€847,752
Invested by local angel investors in Startups affiliated to Hubs
11
Number of Startups supported

Our Numbers So Far

24

Matching Fund applications processed

172

Angel Investors involved

€642,453

Deployed as qualified matching grants

€847,752

Invested by local angel investors in Startups affiliated to Hubs

10

AfriLabs Innovation Hubs Supported

11

Startups from African countries

Catalytic Africa Objectives

Increase the investment made by investors in African Start-ups

Fund African Startups with innovative digital solutions and measurable impact.

Strengthen African angel networks and innovative hubs.

Present reliable ecosystem data, insights, and impact reporting for all stakeholders.

Our Portfolio Companies

Twende is a marketplace offering transport solutions to employees relying on informal or public transport, who don’t have dependable and efficient transport options in Cote D'Ivoire.
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Twende country flag - SVG
Figorr runs IoT-powered solutions that provide businesses, especially those in healthcare and agriculture, with key data such as location, humidity, and temperature of highly perishable products, helping entrepreneurs cut the losses that emerge from lack of such visibility.
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Nigerian flag 1
Koloso is a free-to-access Zambian-based educational mobile app designed to help school students and adults achieve their personal learning goals.
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Flag of Zambia
Niokoko - Senegal

Niokobok

Niokobok is a startup that allows Senegalese living abroad to support their families back home, by providing e-commerce and social commerce services in Africa.
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Senegal
GoSmartValue

Gosmart Value

GoSmart Value provides a seamless platform for investing in real estate. Users can compare sales prices, land rates, locations, assess opportunities, confirm deed information, and valuations all in one place.
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_Botswana_
Mosmos is a system that works by allowing buyers to save bit by bit until they raise enough money for the products they are looking to buy, essentially enabling customers to pay for high-value products in very flexible and convenient installments.
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kenya

Matching Ratio

The maximum financing from the matching fund is €60,000 per transaction.

2:1

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.

3:1

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

01

Registration

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.

02

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..

03

Application Review

After the application has been submitted, it will be reviewed to make sure it complies with all the eligibility and compliance requirements.

04

KYC Review

If your application is approved, the KYC check on the beneficiaries will be carried out. Disbursement will be subjected to KYC check clearance.

05

Progress Report

The start-up will report to Catalytic Africa with the support of the hub on its progress on a monthly basis.

Who is Eligible?

Startups

Registered in a hub member of the AfriLabs network

Requirements
  1. Be at least at the Minimum Viable Product (MVP) stage.
  2. Have secured investment from eligible angel investors
  3. Be a tech or tech-enabled startup

Innovation Hubs

Registered in AfriLabs hubs network.

Local Angel Networks

Registered in ABAN Angel Network.

Angel Investors

Registered in a Local Angel Network of ABAN network.

Development Partners

Catalytic Africa is an initiative by ABAN and AfriLabs, supported by AFD and Digital Africa

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Recent News

Fadilah Tchoumba
Posted by Fadilah Tchoumba
September 14, 2022
Fadilah Tchoumba
Posted by Fadilah Tchoumba
September 13, 2022