Top 20 EdTech Angel Investors in Africa (October 2023)

Miles co-founded DPI in 2007 after having become non-executive Chairman of Blakeney Management (Blakeney) in July 2006 by which time the firm was considered to be one of the largest portfolio investors in many African stock markets. Blakeney was set up by Miles in 1990, first as a consultancy and, since 1994, as an asset management firm, investingin Africa and the Middle East. Blakeney was one of the first investors in many African markets and Miles played an active role in the development of markets in countries such as Ghana, Morocco, Egypt, Kenya and Tunisia.Before starting Blakeney, Miles spent 22 years in money management and investment banking in London and on Wall Street.Miles is also on the boards of SABMiller plc, the world’s second largest brewer and SouthWest Energy (BVI) Ltd, an Ethiopian oil exploration company. He was the founder and chairman for five years of the London Business School’s Africa Board. He read Law at the University of Oxford. Miles is a British citizen.

Investment focus

Industry: Internet, Education, Publishing
Stage:Pre-Seed
Geography: Mozambique

Investor stats

Total investments: 5
Round size: Pre-Seed $7k–$12k
Lead/follow: 20% lead, 80% follow

Portfolio highlights

Ethale Books App — The Ethale Books App by Ethale Publishing is the first-ever East African multilingual book app featuring local content. It is one of the first in the developing world to be specifically designed for android mobile phones and not e-readers. The trilingual app will make books available in Portuguese, Swahili and English for free, with revenuesustained via a mobile advertising strategy.

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Olugbenga Agboola is the Co-Founder and CEO of Flutterwave. He previously worked at Africa Fintech Foundry as a Senior Entrepreneur In Residence. Olugbenga Agboola attended MIT Sloan School of Management.

Investment focus

Industry: FinTech, Financial Services, Internet
Stage:Pre-Seed, Seed
Geography: Nigeria, Kenya, United States

Investor stats

Total investments: 20
Round size: Seed $1.5M–$3M; Pre-Seed $780k–$3M
Lead/follow: 5% lead, 95% follow

Portfolio highlights

tushop — Enabling communities to reduce the cost of living together
Curacel — Curacel creates APIs & tools that enable businesses to embed insurance in digital channels and to administer claims cost-effectively.
Afropolitan — Afropolitan is building a Network State to unleash the maximum potential of Africans around the world. Are you interested? Join us with your email.

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Shola Akinlade is the Co-founder and CEO at Paystack.

Investment focus

Industry: FinTech, Education, InsurTech
Stage:Pre-Seed, Seed
Geography: Nigeria, Kenya, Rwanda

Investor stats

Total investments: 7
Round size: Pre-Seed $740k–$2.1M
Lead/follow: 0% lead, 100% follow

Portfolio highlights

Casava — Casava is a financial services company that offers insurance and life microinsurance. Casava uses technology to provide world-class, trusted, and affordable insurance to everyone.
Earnipay — Earnipay empowers businesses to overcome their finance and people operations challenges and improve their employees' financial wellness
Afropolitan — Afropolitan is building a Network State to unleash the maximum potential of Africans around the world. Are you interested? Join us with your email.

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Akitoye Balogun

Investment focus

Industry: Education
Stage:Pre-Seed
Geography: Rwanda

Investor stats

Total investments: 2
Lead/follow: no public data

Portfolio highlights

AltSchool Africa — Let's invest in your Future. Learn highly sought after tech skills without hassle. A program designed to arm you with the skills and knowledge required to boldly launch your tech career.

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Folarin Falana

Investment focus

Industry: Education
Stage:Pre-Seed
Geography: Rwanda

Investor stats

Total investments: 2
Lead/follow: no public data

Portfolio highlights

AltSchool Africa — Let's invest in your Future. Learn highly sought after tech skills without hassle. A program designed to arm you with the skills and knowledge required to boldly launch your tech career.

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Oli Farago Founder & CEO at Coyote Software. He attended Culford School during 1996-2002.

Investment focus

Industry: Real Estate, Software, Financial Services
Stage:Seed, Equity Crowdfunding, Series A
Geography: United Kingdom, United States, South Africa

Investor stats

Total investments: 20
Round size: Seed $1.4M–$3M; Series A $3.1M–$4.9M; Equity Crowdfunding $338k–$7.3M
Lead/follow: 10% lead, 90% follow

Portfolio highlights

Maroo — The smartest way to pay for your wedding
HyperionDev — Accelerate your career with a online coding bootcamp. Learn to code in just 3 - 6 months.
The Smart Container Company — The Smart Container Company is the team behind KegTracker and BeverEDGE, a first-to-market IoT device and platform that instantly turns kegs into SMART containers. Our technology tracks real-time location, volume, temperature, and motion for each keg and delivers actionable insights that enable transparency and zero.

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Melvyn Lubega is the head of strategic partnership at Go1.

Investment focus

Industry: E-Learning, Information Technology
Stage:Seed
Geography: Kenya

Investor stats

Total investments: 1
Lead/follow: 0% lead, 100% follow

Portfolio highlights

Zeraki — Zeraki is to use technology to address some of the obstacles learners encounter in accessing quality education. We use technology to enhance the quality of education students get at each level of education and use technology to help students transition from one level of education to the next, and ultimately from education into employment.

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Cofounder and CEO of Kuda

Investment focus

Industry: Financial Services, FinTech, Finance
Stage:Seed, Pre-Seed
Geography: Nigeria, Zambia, Pakistan

Investor stats

Total investments: 11
Round size: Seed $2M–$5M; Pre-Seed $780k–$3.2M
Lead/follow: 0% lead, 100% follow

Portfolio highlights

Zazuu — Zazuu is a platform for sending money across the border.
Curacel — Curacel creates APIs & tools that enable businesses to embed insurance in digital channels and to administer claims cost-effectively.
24seven.pk — 24seven.pk is using tech and data to digitize and disrupt the fresh food and FMCG verticals in one of the fastest-growing and rapidly evolving consumer markets in the world.

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Ed Robison is a Co-Founder of Stash. He attended the University of Sydney from 2002 to 2004.

Investment focus

Industry: InsurTech, Insurance, Banking
Stage:Pre-Seed, Seed, Series B
Geography: Nigeria, United States

Investor stats

Total investments: 4
Lead/follow: 0% lead, 100% follow

Portfolio highlights

Casava — Casava is a financial services company that offers insurance and life microinsurance. Casava uses technology to provide world-class, trusted, and affordable insurance to everyone.
Edukoya — Edukoya builds online education content and offers online tutoring for students and their parents.
Jerry — Jerry is an AI, ML, and bot-powered car ownership app that saves customers time and money on car expenses. With its first product, Jerry redesigned and disrupted the century-old car insurance process, turning stacks of pages and hours of calls into a handful of clicks. The company was founded in 2017 and is based in Palo Alto, California.

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Odunayo Eweniyi is the Co-founder and COO at Piggybank and PushCV. Odunayo is a Co-Founder and General Partner at FirstCheck Africa and a Board Member at Village Capital. She was also a Writer atTechCabal. Odunayo attended SOAS University of London, freeCodeCamp, and Covenant University.

Investment focus

Industry: EdTech, Facebook, Education
Stage:Pre-Seed, Seed, Angel
Geography: South Africa, United States

Investor stats

Total investments: 5
Round size: Pre-Seed $115k–$473k
Lead/follow: 20% lead, 80% follow

Portfolio highlights

Raenest — Access Virtual Accounts, Invoicing, Multi-Currency Payouts, Auto Payroll, Accounting Integrations, and Virtual & Physical cards within minutes.
FoondaMate — Foondamate brings the internet through messaging applications so students with limited internet access can study online.
Klas — Free Online Teaching Tool: Live Classes, Community | Klas

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Youcef Oudjidane is the founder of Byld Ventures and co-founder of Bloom (YC W22)

Investment focus

Industry: FinTech, Financial Services, Organic Food
Stage:Seed, Pre-Seed, Series A
Geography: United States, United Kingdom, Egypt

Investor stats

Total investments: 16
Round size: Seed $2.8M–$4M
Lead/follow: 6% lead, 94% follow

Portfolio highlights

Theneo — Generate Stripe-like API docs in just a few clicks. We support OpenAPI, Postman, GraphQL and much more
FloatPays — Floatpays help your employees achieve financial wellbeing by giving them early access to earned wages.
Sundial Foods — Sundial Foods utilizes a macro and microstructural engineering approach to create plant-based meat alternatives for conscious consumers.The company is passionate about making the affordable, accessible, and nutritional value of plant-based meats, made from ingredients that customers know and created using simple processes.It is headquartered inBerkeley, California in 2019.

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Iyinoluwa Aboyeji is the Founder and former CEO of HOF portfolio company Flutterwave, a business building payments technology and infrastructure to connect Africa to the global economy. Under his leadership, the company has become one of the fastest growing payments technology businesses of all-time, processing over $2B across over 50Mtransactions, and attracted significant investment from experienced players in the space, including Y Combinator (investors in Stripe), Greycroft (investors in Braintree), Greenvisor Capital (led by the Former CEO of Visa), and Mastercard.Previously, Iyinoluwa Co-Founded Andela, Africa's largest engineering organization with over 1000 software engineers that has received investment from Mark Zuckerberg and Google Ventures.Iyinoluwa holds a B.A. in Legal Studies from the University of Waterloo, and sits on the board of several institutions including Paris’ Share Africa Project, Rainbow Educational Services Limited, and Filmo Realty. He served as the Deputy Director General for Madam Oby Ezekwesili’s 2019 Presidential Campaign, is a World Economic Forum Young Global Leader, a Forbes 30 under 30 honoree, and a member of Nigeria's Industrial Policy and Competitiveness Advisory Council.

Investment focus

Industry: Information Technology, FinTech, B2B
Stage:Seed, Pre-Seed, Series A
Geography: United States, Nigeria, South Africa

Investor stats

Total investments: 17
Round size: Seed $2.2M–$11M; Pre-Seed $172k–$2.1M; Series A $14M–$30M
Lead/follow: 22% lead, 78% follow

Portfolio highlights

GitStart — YC backed tech startup which helps teams scale engineering velocity through its unique Pull Requests as a Service platform and delivers world class code quality so customers can ship faster.
FoondaMate — Foondamate brings the internet through messaging applications so students with limited internet access can study online.
Afropolitan — Afropolitan is building a Network State to unleash the maximum potential of Africans around the world. Are you interested? Join us with your email.

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Raffael Johnen is CEO and founding partner of auxmoney. Already during his business studies, Raffael Johnen founded his first startup company. He later worked for six years at Investmentbank Rothschild in Frankfurt in the Mergers & Acquisitions and Debt Advisory areas, most recently as Vice President. Raffael Johnen is also the founder ofExcellion Capital, a successful company in corporate finance consulting and investment, based in London. As a writer, he made a name for himself when he wrote the chapter on leveraged buyouts in the "Praxishandbuch Unternehmensbewertung".

Investment focus

Industry: Financial Services, FinTech, Payments
Stage:Pre-Seed, Seed, Series A
Geography: Nigeria, Germany, France

Investor stats

Total investments: 7
Lead/follow: 0% lead, 100% follow

Portfolio highlights

Kippa — ## Build Setup
Weel — With smart corporate cards and easy-to-use expense management software, Weel helps move your business forward. Try Weel for free today.
Edukoya — Edukoya builds online education content and offers online tutoring for students and their parents.

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Brandon Krieg is the Co-Founder of Collective Returns, Inc. and has been its Chief Executive Officer since July 11, 2016. Brandon Krieg served as the President of Collective Returns, Inc. until July 11, 2016 and serves as its Executive Director.

Investment focus

Industry: InsurTech, Insurance, Banking
Stage:Pre-Seed, Seed, Series B
Geography: Nigeria, United States

Investor stats

Total investments: 4
Lead/follow: 0% lead, 100% follow

Portfolio highlights

Casava — Casava is a financial services company that offers insurance and life microinsurance. Casava uses technology to provide world-class, trusted, and affordable insurance to everyone.
Edukoya — Edukoya builds online education content and offers online tutoring for students and their parents.
Jerry — Jerry is an AI, ML, and bot-powered car ownership app that saves customers time and money on car expenses. With its first product, Jerry redesigned and disrupted the century-old car insurance process, turning stacks of pages and hours of calls into a handful of clicks. The company was founded in 2017 and is based in Palo Alto, California.

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Nate Lipscomb

Investment focus

Industry: Education, EdTech, FinTech
Stage:Seed, Angel
Geography: United States, India, Kenya

Investor stats

Total investments: 7
Round size: Seed $1.4M–$10M
Lead/follow: 0% lead, 100% follow

Portfolio highlights

Kredi — Kredi is Rocket Mortgage for LatAm. Customers can easily secure a mortgage online.
Ziina — Send and Receive Cash. Fast.
Codingal — Codingal offers kid-friendly programming and coding classes for kids and teens of all ages! Try a free coding class and start creating your own apps, websites, games, and much more.

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Alan Rutledge

Investment focus

Industry: Financial Services, FinTech, Software
Stage:Seed, Pre-Seed, Series B
Geography: United States, India, Mexico

Investor stats

Total investments: 34
Lead/follow: no public data

Portfolio highlights

FlexDesk — FlexDesk is creating a new evolution of the flexible workspace model. Remote workers use the platform to discover and book a dedicated desk or private office by the day. FlexDesk unlocks this inventory by partnering with office landlords and coworking operators that have furnished, underutilized space.
SearchEye — Get tech-driven SEO at scale, speed and a fraction of the cost compared to traditional agencies. Acquire PR Mentions, Digital PR and Content.
Volition — Volition is the largest marketplace of industrial components, built just for hardware teams. We make it easy to find and purchase off-the-shelf parts.

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Musty Mustapha - Co-Founder and CTO @ Kuda

Investment focus

Industry: Education, InsurTech, Insurance
Stage:Pre-Seed
Geography: Nigeria

Investor stats

Total investments: 2
Lead/follow: 0% lead, 100% follow

Portfolio highlights

Casava — Casava is a financial services company that offers insurance and life microinsurance. Casava uses technology to provide world-class, trusted, and affordable insurance to everyone.
Edukoya — Edukoya builds online education content and offers online tutoring for students and their parents.

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Malek Meslemani is the Chief Executive at Ancora Investment Limited. Malek Meslemani attended CentraleSupélec.

Investment focus

Industry: Artificial Intelligence, Health Care, SaaS
Stage:Seed, Series A, Pre-Seed
Geography: United Kingdom, Tunisia, United States

Investor stats

Total investments: 7
Round size: Seed $500k–$1.2M; Series A $7M–$9.6M
Lead/follow: 14% lead, 86% follow

Portfolio highlights

GoMyCode — GOMYCODE: Learn digital skills! | GOMYCODE Empower people by upskilling and reskilling them on digital skills through instructor-assisted trainings.
Islacare — Isla is an innovative health-tech company, a comprehensive solution supporting remote monitoring clinical pathways.
Wise Systems — Wise Systems provides the best in fleet management software for last-mile delivery optimization. Schedule a demo of our software today.

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The 'Afropreneur' (entrepreneur with an African focus), as he self-describes, Idris Ayodeji Bello is a Partner at LoftyInc Allied Partners Limited and co-founder of The Wennovation Hub, an innovation platform based in Nigeria, that has successfully accelerated the launch of several technology start-ups in social impact sectors. He isalso a Founding Partner at Loftyinc Capital Management, owners of the Afropreneurs Fund (I&II)The 'Afropreneur' (entrepreneur with an African focus), as he self-describes, Idris Bello is a Partner at LoftyInc Allied Partners Limited and co-founder of The Wennovation Hub, an innovation platform based in Nigeria, that has successfully accelerated the launch of several technology start-ups in social impact sectors. He is also a Founding Partner at Loftyinc Capital Management, owners of the Afropreneurs Fund (I&II)A first class honors graduate of Computer Engineering from Obafemi Awolowo University, Nigeria, he has an M.Sc in Computer Science & Data Mining from the University of Houston; an MBA in Entrepreneurship & Strategy from Rice University in Houston and an M.Sc in Global Health Science from the University of Oxford, where he was a 2011 recipient of The Lord Weidenfeld Scholarship for demonstrating remarkable potential as a future leader from an emerging economy.Idris spent the greater part of a decade working at Chevron Corporation and ExxonMobil USA, where he led several large upstream technology projects across the USA and Sub-Saharan Africa. Idris has also worked with the Clinton Foundation Health Access Initiative where he played a major role in the deployment and evaluation of Swaziland’s first mobile health patient appointment reminder system as part of the country’s National AIDS Program. Listed among CNN’s Top Ten African Technology Voices, he is a Singularity University Impact Fellow, Harambe Entrepreneur Alliance Associate, Clinton Global Initiative University Fellow, MIT Global Start-up Fellow, SAP Ashoka Global Changemakers Award Winner, Dell Technology Award Winner, StartingBloc Innovation Fellow and a Nigeria Leadership Initiative Future Leader.As a leader, Idris has mentored and catalyzed scores of contributors across the growing African landscape and is an angel investor and advisor to several African startups including Andela, Flutterwave, RelianceHMO, among others. He continues to devote his efforts to the development of innovation-driven, technology-enabled social enterprises that empower the underserved and develop transformative ideas to change lives on the African continent.He spends most of his time between Lagos, Cairo, or airport lounges.

Investment focus

Industry: FinTech, Software, Financial Services
Stage:Angel, Seed, Pre-Seed
Geography: Nigeria, United States, Egypt

Investor stats

Total investments: 32
Round size: Seed $450k–$2.1M; Pre-Seed $500k–$1M
Lead/follow: 19% lead, 81% follow

Portfolio highlights

Jem — We give employers the ability to send company-wide communications, deliver payslips, manage leave & give employees access to their earnings, via WhatsApp.
SimpliFi — SimpliFi is on a mission to democratize payments by building the leading Cards as a Service (CaaS) platform for MENA and Pakistan.
ORDA — Process orders, accept payments, connect to logistic providers, engage with your customers + more. We equip you with everything you need to grow your business.

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