Ubuntu
Unhu
Gimuntu
Botho
Utu
Solidarity
What is Ubuntu ?
I am because we are, and because we are, therefore I am.
What We Do
Africa has a growing number of promising early-stage businesses and startups, yet most have trouble accessing institutional funding or investments. On the other hand, Africans in the diaspora are sending nearly US$80 billion each year to families back home, much of which is consumed rather than invested. If some of those funds could be invested in formal businesses, African Diaspora Direct Investment (AfDDI) could alleviate Africa's dependence on Foreign Direct Investment (FDI) and Official Development Assistance (ODI). Africans could control their own destiny in improving lives on the continent while deservedly retaining their continent’s wealth for themselves. This is where AfriCrowd comes in.
Anyone Can Invest
We welcome any person from any part of the world who is passionate about Africa and is excited about the continent’s unraveling potential.
A special invite to the African Diaspora
I am not African because I was born in Africa but because African was born in me.
Part of our motivation for building our platform was to encourage and enable people who call Africa home, people of African origin or ancestry living outside the continent, irrespective of their citizenship, nationality, or how recent or distant their ties to Africa are, to support innovators who are building an African future where access to the fundamental human needs and perhaps prosperity is within everyone’s reach.
Discover opportunities to create wealth while making a huge long-term impact in tackling Africa’s biggest challenges.
Who May Raise Funds?
Startups or Early-Stage Businesses
Although each project is qualified on an individual basis, we generally accept businesses that at least have a tested prototype or service model and have developed a business plan. Usually, such businesses funding stage ranges from Seed to Early-Stage (soft Series A) funding for any of the following activities:
- Development of a product for market
- Launch product
- Develop a market abroad
- Build traction until revenue starts to come in.
- Capacity building such as recruiting
Funding usually ranges from as low as USD $10,000 to $5 million.
Company Must be African.
Our definition of what qualifies as an African business hinge on where the “economic value” of the company ends up — at least for the foreseeable future, that is. Generally, the three questions that help make that determination are:
- Where is the company’s primary market?
- Which economy is likely to gain most in terms of employment, taxes, and so on.
- Where are the founders and/or leadership from?
AfriCrowd provides African innovators a friendly source of capital, both human and financial.
So Why Not?
After all,
Africa's Future Belongs To You
And Africa Needs You To Believe.
The big building blocks are now in place. Africa is the beneficiary, but so are the next wave of investors, who will make new fortunes.