About Savannah Fund
Savannah Fund is a seed capital fund specializing in US$25,000-US$500,000 investments in early stage high growth technology (web and mobile) startups in sub-Saharan Africa. Initially focused on East Africa, the fund aims to bridge the early stage/angel and venture capital investment gap that currently exists in Africa. The Fund expects to achieve this objective by combining capital with mentor networks both in the region and from Silicon Valley via an accelerator program and a follow-on independent seed fund.
Savannah Fund’s accelerator program
A key piece of the Fund’s overall strategy is to address skills and experience gap of entrepreneurs in the region through the Accelerator Program. An accelerator program is designed to help emerging entrepreneurs build a company and launch a product. Early-stage companies participate in “cohorts” and be exposed to a program to learn from experienced local and high value and reputable mentors that have built global technology brands that are also very hands on as would be expected by angel investors.
The Fund’s Accelerator Program will deploy relatively small amounts of capital ($25,000 to each company in exchange for about 15% equity stake- non negotiable) to a cohort of up to 5 startups at a time for 3 months. Applicants will be chosen through an online application and interview process but successful teams should apply with not just an idea but an initial prototype, early customers and revenue.
To learn more read our Frequently Asked Questions
Startups backed by Savannah Fund
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Updates from Savannah Fund
One among the reasons why startups failed or unable to continue their business further is the non- presentation of financials and book keeping. We all know that the main criteria when performing due diligence before investing in a fundraising round is the verification of financials statements (Historical vs. Actual), metrics [...]
from Mbwana Alliy
Dubai, UAE from 3rd Africa Legal Network Conference– Bridging the Gulf
Savannah Fund today launches e SABU, a virtual CFO service and Governance platform to allow African tech startups to access global standard accounting, reporting and governance to support growth. Africa Startups often start in one country and [...]
from Wiza Jalakasi
This post is going to read like a vaguely-connected set of thoughts and ideas. I have a habit of writing running sentences and occasionally going off-topic to introduce a new rant, mid the current rant that I'm ranting.
I've been thinking about this post for [...]
Last month, Stripe announced Atlas, a product designed to give entrepreneurs everywhere access to the basic building blocks for starting a global internet business, including an incorporated U.S. business entity and bank account, a Stripe account to receive payments from anywhere in the world and $15k in credits for [...]
End of last week we saw Chase Bank in Kenya, taken into receivership by the Central Bank. There is plenty of good reading from both a local and international perspective and I am sure we will learn more in the coming weeks and months- its an important story [...]