Are you an angel investor seeking to invest in innovation in East Africa?

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Are you an innovative start-up seeking angel investment?

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Why Us

Our team has helped start-ups raise grant funding from donors and convertible debt finance from angel investors.

Since 2011 the ViKtoria team has been active in supporting the growth of entrepreneurial ecosystems in various sectors in East Africa. Engagements Include:

  • • Advising investors and providing portfolio management support
  • • Developing linkages to successful start-up ecosystems in other countries
  • • Research and strategic plans for development organisations seeking catalyse growth in entrepreneurship
  • • Development, resourcing and management of incubation and acceleration programs

We have also coached many innovative start-ups, supporting strategic planning and capital raising activities. Our team has helped start-ups raise grant funding from donors and convertible debt finance from angel investors. The team continues to work with market leading local and international clients in an advisory capacity, with a focus on entrepreneurial finance in East Africa. We've garnered key insights and substantial experience from engagements and research conducted in East Africa, as well as reviewing the global body of kowledge on startup ecosystem development.

Our research has led us to conclude that the key factor to the growth of entrepreneurial activity in any one sector is the number of success stories that sector generates. Particularly that it only takes a small number of big successes to drive growth. As such in 2015 ViKtoria Solutions launched ViKtoria Ventures – a start-up ecosystem development venture focused on attracting local and international angel investors to the best start-ups to emerge in the innovation space in East Africa.

 

For Start-ups

We connect angel investors with innovative companies charting new paths to tap large market opportunities from meeting basic needs to entertainment, transport and infrastructure, as well as other areas. Angel investors not only inject capital needed to test business models and early stage growth, but they provide a source of mentorship, sector knowledge and experience, business acumen and access to networks.

Start-ups who qualify to pitch:

  • • are typically post prototype and post first revenue
  • • have a founding team with sector expertise as well as technical and business know how

If you are the founder of a start-up that is seeking capital please contact us.

Start-Ups
Are you a post-prototype stage startup? Do you have sales traction? Do you have at least one of your founders working on the startup fulltime? Do you have a pitch document and 12-month budget prepared?
Fill in the following questions to help us understand your startup.
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For Angels

We have brought together a network of local angel investors with a broad range of experience and expertise. Some are seeking to take their first steps investing in innovation, while others already have experience investing in start-ups in the region. This is complemented with a network of international investors that are successful angel investors and venture capitalists, having seen start-ups transition through the various stages of the business cycle from ideation to exit. We held our inaugural event in December 2014 where we had four tech start-ups pitching.

If you are looking to start investing in start-ups and would like to learn more about joining us please

Events

We held our inaugural event in December 2014 where we had four tech start-ups pitching.

Please keep checking the website for updates on the next training and networking events
Next Events

Keep checking our website for updates on our events or alternatively leave us a note and we shall add you to our mailing list for email updates.

 

Consultancy and Fund Management

ViKtoria Ventures offers the following services

Valuation

Business valuation is paramount for several reasons including; fundraising, establishing a fair market value for equity transactions, and periodic reporting to investors, among other reasons. We have over 28 years of team work experience in company valuation and have specific experience in valuation in the early stages of companies. Our most recent assignment was valuing a software company that was looking to expand to new markets. The objectives of the exercise were to determine whether the current business had created shareholder wealth and the value shareholders are likely to derive from the expansion. The model was also be to be used for fundraising purposes.

Negotiation and Structuring Transaction Agreements

Negotiation and structuring transaction agreements is a critical step in any transaction as it seeks to align the founders’ needs and concerns with those of the investor. At ViKtoria, we have the pertinent negotiation skills and experience that aid in arriving at satisfactory terms for the entrepreneur and the investor while keeping our eyes on the long term objectives of the entrepreneur. Most recently we participated in the negotiations of an early stage business in the digital advertising space that was in the process of being acquired.

Deal Structuring

Once a non-binding offer letter is signed between the entrepreneur and the interested investor, the next step is to identify the goals of the two parties, which tend to be strategic and/or financial. Both parties then establish the different alternatives that can help them achieve these goals as well as how to share risks. Our team has experience in deal structuring including reviewing term sheets, recommending acquisition vehicles or entity types, resolving accounting issues, and advising on capital structuring. We appreciate that tax is a key consideration in investments and we seek to address these with the help of outside consultants. We have helped several early stage ventures review their term sheets and shareholder agreements to arrive at optimal structures that favor both them and the investors.

Fund Management

We are involved with a couple of funds helping them source for deals, carry out due diligence, close the investments, monitor their portfolios once invested in and finally manage the exit process. We are currently providing fund management services to HEVA Fund, which is a fund for Creatives in Kenya and InReturn East Africa fund where we help manage their portfolio while looking for exit routes. We are also in the process of raising a fund focused on scalable early stage business in Kenya

 

Our Team

The angel networking initiative is handled by a team experienced in working with early stage companies and with investors. See our dedicated team below
STEPHEN GUGU,  Co-Founder

I had over 6 years experience in the financial services sector, before jumping into entrepreneurship in 2011, I was Head of Research at Stanbic Investment Management Services (part of the South Africa headquartered Standard Bank Group). I have tertiary education qualifications in Law, Accounting and Finance which are invaluable to start-ups & SME’s. I completed an International MBA with an emphasis on Entrepreneurship at Vlerick Management School in Belgium in 2011. I am a part-time Lecturer at Strathmore University giving courses in Entrepreneurial finance and a training partner of the East Africa Venture Capital Association on matters relating to finance and investment.

KEZIAH NJERI,  Angels Interactions

I have over 4 years’ experience in the financial services industry obtained while working with an investment group helping to analyze and manage their investment portfolio. I have a vast experience in appraisal of deals and financial analysis. Have been involved in the preparation of several research and appraisal reports that guide investment decisions. I have an MBA in Finance and Banking from Limkokwing University, Malaysia and a Bachelor’s degree in Actuarial Science from JKUAT.

SHARLEEN KIKUNZE,  Startups Interactions

I have a background in Financial Economics having graduated from Strathmore University. I have also completed a course on alternative investments in Private Equity & Venture Capital. Throughout my prior work experience, I have gained relevant analytical and critical thinking skills. I am currently managing a fund and guiding their investment decisions by carrying out due diligence exercises, building financial models to asses the financial viability of the businesses among other functions.

My passion for investments is evident in and out of the office. Out of the office I am the chairlady of an investment group – Efuru-Zola - which facilitates wealth creation among young women through making viable investments.

ROBERT YAWE,  Strategic Advisor

Robert Yawe is the Managing Director of KAY System Technologies Ltd, an ICT company involved in the design and implementation of LAN and WAN systems. He is also the Corporate Mentor to Synergy Systems Ltd, a software development house with a niche on financial applications using the software as a service (SAS) model. Robert is passionate about early-stage companies and their development, and participates actively either as an angel investor or as a coach and mentor, based on his many years’ experience in building companies from the ground up. In addition to this, he is a panel member and mentor at @iBiz Africa, a business incubator based at Strathmore University in Nairobi.

YARON COHEN,  Strategic Advisor

Yaron has been working in the financial services industry since 2002, including 3 years at a major global investment bank in London and since early 2009 has been in Kenya. Yaron utilises extensive experience and relationships in the financial services sector, and networks in East Africa, in order to facilitate investment and business development for entrepreneurs. He has a Masters degree from the University of London, is a holder of the Investment Management Certificate Issued by the CFA Society of the UK, and is a fellow of the Geological Society of London. During his time in Kenya he has successfully shepherded several early stage businesses towards and through venture capital stage investment from a range of debt, equity and grant sources in the technology, agriculture and renewable energy sectors.

 

Our Partners