PROPEL AFRICA

Funding

Our funding is aimed to support exceptional diaspora talent that have market-focused technological solutions to Africa’s critical services. While our candidates will serve as entrepreneurship ambassadors for Africa, we have it enshrined within our core values to act as reliable funding facilitators and ensure long-term success for all our stakeholders.

How Do We Fund?

We partner with angel investors, private offices and independent investors to avail grant funding opportunities for our candidates. As facilitators, our deal origination, due diligence and deal structuring services provide a balanced approach to those who want to support talented Africans within the diaspora who want to launch their ideas back home in Africa.

Who Do We Fund?

Talented African diasporas who want to come back to launch their tech startups in their homelands in Africa. The overall aim is to gain market share and create employment opportunities by providing innovative solutions to reduce the cost of critical services. The Focus Areas where we fund are defined here. Job creation for minorities, such as women, across these sectors are also encouraged.

Current Funding Availability

Propel Grants (September 2019 – January 2020)

This funding programme has ended. Post funding information will be shared soon.

Eligibility

This call is currently open to African graduates and youth founders in the United Kingdom that are:

    • Performing exceptionally in their field
    • Interested in launching their ideas in Africa
    • Your solution addresses one of the Focus Areas
    • A plus (but not mandatory): if you’re currently enrolled/working for an esteemed educational institution
  • Funding Specs
  • Focus Areas
  • Investment Process
  • Useful Info

Campaign Name:
Propel Grants
(Ended on January 2020)

Funding Type:
Matching Grant

Geographical Scope:
Africa

CapBuild Type:
N/A

Total Grants:
N/A

NOT AVAILABLE

Technological solutions in reducing the cost of critical services in the following areas:

  • African Trade
  • Agritech
  • Fintech
  • Cleantech
  • Edutech
  • Healthtech

For more information, click here.

  1. Introduction
    ↓
  2. Due Diligence (DD)
    ↓
  3. Pitching Session
    ↓
  4. Final DD
    ↓
  5. Initial Approval
    ↓
  6. Term Sheet
    ↓
  7. Board
    Investment Memo
    Prep
    ↓
  8. IMC
    Pitching/Presentation
    ↓
  9. Deal Closing

Duration: 1 – 3 Months, depending on the type of funding

*Note: Timeline and processing steps varies depending on the type funding (e.g equity or grant). We reserve the right to “not invest” or refuse funding at any time during the investment process.

It’s important that you prepare yourself for fundraising.

Our Investor Readiness guide is designed as a comprehensive tool that can be useful to entrepreneurs in all stages of their business.

For further reading, please visit Investor Readiness Guide.

Disclaimer: Propel Africa through Hildeed Global serve as program managers and advisors only. The above information has been produced for informational purposes and is neither an offer to sell nor a solicitation to buy any security. No offer or sale of securities will be undertaken without additional appropriate documentation being furnished to an investor for review and execution. 

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