Jan 14 , 2023
A startup investment scheme to make investment accessible and accelerate the growth of the digital economy was launched two weeks ago. Dubbed Angel Syndicate, it is among the many initiatives that Kazana Fund is working on to support innovative and creative businesses, according to Hilina Zenebe, the managing partner. She said the platform aims to connect capital with entrepreneurs and help founders to be internationally competitive. A startup can obtain from 15,000 to 50,000 dollars as a startup based on the business and innovation model they present, according to Hilina. Kazana Fund is a US-based venture established in 2022 by Addis Alemayehu and Hilina Zenebe with 190 investors under its fleet. The total number of investors in the company has now reached 250. "Ethiopia's startup investment has been deprived," said Hilina. "There is a significant gap in understanding investment." Kazana partners with mission-driven African innovators who have a minimum viable product, and limited transactions, and are seeking start-up capital with due diligence to select viable candidates to receive the fund, she said.
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