Chanzo Capital

Investors in African high-tech ventures

Chanzo Capital is an early stage micro-VC firm investing both capital and mentoring in high-tech startups in Kenya, Ivory Coast, Nigeria, Ghana and South Africa (KINGS) – these countries make up the "KINGS" of Africa's digital economy.

We invest between $25,000 and $2M staggered over the early life of the company from Pre-seed to Series A.

The firm intends to finance the growth and development of the high-tech sector through the provision of capital, mentoring and value creation services to our portfolio of companies.

Africa is the last frontier in high-tech innovation with the fastest net addition of mobile subscribers estimated to hit a billion in 2015. This creates an abundance of market opportunities by startups who are leveraging the mobile web platform to address market bottlenecks and pain points but lack the capital and mentoring to effectuate their passion.

Required capital investment in these startups is smaller compared to the west in exchange for higher return probabilities in excess of 4x to 5x. These investments produce economic growth and impact in terms of job creation and addition of new businesses.


The African market is hot for technology adoption like mobile money and we are seeing liquidity avenues open up for startups like Woothemee's acquisition, Weza Tele's sale to AFB and Garmin acquiring iKubu this year.

Eric Osiakwan is a Tech Entrepreneur and Angel investor with 15 years of ICT industry leadership across Africa and the world. He has worked in 32 African countries setting up ISPs, ISPAs, IXPs and high-tech startups. He Co-Foundered Angel Africa List, Angel Fair Africa and currently serves on the board of Farmerline, Forhey, Teranga Solutions, Siqueries, Wanjo Foods, Ghana Cyber City, WABco, Seed Engine and Appfrica – some of which are his investment.

He has founded and built companies and organizations including GNVC, GISPA, AfrISPA, Internet Research, InHand, PenPlusBytes, African Elections Portal, FOSSFA and Ghana Connect. He was part of the team that built the TEAMS submarine cable in East Africa and an ICT Consultant for the WorldBank, Soros Foundations, UNDP, USAID, USDoJ, USDoS as well as African governments and private firms.

He co-authored the "Open Access Model", adopted globally by the telecommunications industry, "Negotiating the Net" – the politics of Internet Diffusion in Africa and "The Internet in Ghana" with the Mosaic Group. He was invited to contribute ideas to Prime Minister Tony Blair's Commission for Africa. Eric is a Stanford, MIT, Harvard, TED and Poptech fellow.

Please get in touch with us if you are an African tech startup with a unique venture you and your team are working on and need capital with mentoring.



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Chanzo is a swahili word which means "early stage" signifiying our character.
© 2016 Chanzo Capital