Bold Angel Fund

Bold Angel Fund

Bold Angel Fund

The Bold Angel Fund is an angel fund focused on empowering creative solutions that are scalable and sustainable in African markets! We like early, we like bold and we like smart. If you’ve done your homework and you’ve got a great business – Apply.

Bold Angel Fund 3 core pillars


The Bold Angel Fund provide venture builders and entrepreneurs with pre-seed & seed investments ranging from $5k-$50k. Also, they are sector agnostic and deploy capital to founders building across a range of industries.


Investment from Bold Angel Fund also means access to their range of technical partners including Spurt! which provides advisory and technology solutions and advisory to ventures and Figg which gives ventures access to an even wider pool of global investors.


Bold Angel Fund Investors are on-hand to support venture leaders as they build. They are ensuring that founders are not just building the right way, but building the right solutions for prosperity on the African continent.

Three Core Investment Options

• Equity

They prefer to invest in idea stage and very early stage companies in exchange for equity. As part of an equity purchase, the parties will negotiate the terms of the preferred stock and agree on clear pricing (or a valuation) of the company at that time.

• Venture Debt

Venture debt can be attractive as it offers young companies a way to get an influx of cash without giving up too much ownership, provides a relatively fast way to access new funds, and can help startups extend their runway between equity rounds — sometimes helping them hit performance milestones set by VC backers.

The Bold Angel Fund will consider debt for ventures with at least 12 months of operations.

• SAFEs & Convertible Notes

A convertible note is debt, while a SAFE is a convertible security that is not debt. As a result, a convertible note includes an interest rate and maturity rate, while a SAFE does not. A SAFE is simpler and shorter than most convertible notes. We are able to invest with either mechanism and will also consider KISS agreements.

Selection Criteria


Whilst we are interested in founders solving problems in any sector, we are keen on founders who are taking big swings at real problems. When BAF ventures succeed, they fundamentally change the landscape they operate in.

Early Stage

We are comfortable writing the first cheque for ventures and investing up until Series A rounds. We make investments in startups whether they are pre or post-revenue.


We are interested in founders who are solving problems in African markets. We do not require our founders be Africans but we do require them to be firmly rooted in solving problems for those living on the continent


We are keen on technology-enabled ventures because we believe technology provides the best mechanism for effective scaling today. That said, we are amenable to hearing from venture builders who can demonstrate scalability and growth opportunity in their venture.

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Apply for the Angel Bold Fund Here

Visit their Official Webpage Here

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