Chanzo Capital

Investors in African high-growth tech ventures

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

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

We invest between $500K and $5M staggered over the exponential growth phase of the company from Series A to C.

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 - we term this "mentor financing".

With almost a billion mobile subscribers, Africa is the last frontier in high-tech innovation defying global tech slow downs (like the rise of mobile money) prompting Goldman Sachs to back Africa Internet Group with US$300M at a billion dollar valuation and Mark Zukerberg to invest US$24M in Andela.

There is a huge market for scaleups leveraging the mobile web platform to address customer needs and supply bottlenecks but lack the necessary capital and support to build and implement their expo- nential growth plan. Investment requirements in such scaleups are much smaller in comparism to the developed world, in exchange for higher potential returns (in excess of 10 to 20 multiples). These investments would yield impact in terms of job creation, strengthening of the business fabric and women empowerment.

Eric Osiakwan - Managing Partner
Entrepreneur and 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. Some of these companies and organizations are Angel Africa, Angel Fair Africa , Ghana Cyber City, PenPlusBytes, African Elections Portal, FOSSFA, WABco, GISPA, AfrISPA, GNVC, Internet Research, InHand, Ghana Connect. He serves on the board of Farmerline, Forhey, FineAccess, Hotel Online,, SameLogic, eCampus, Wala, Data Integrated and Wanjo Foods, - some of which are his investments.

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 authored "The KINGS of Africa Digital Economy", co-authored the "Open Access Model", "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 Poptech, TED, Stanford, MIT and Harvard fellow.

Ian Ziddah - Operating Partner
Ian is a leading product and innovation leader, he has over 20 years worth of experience in technology, corporate venturing and start-ups. His work spans Africa, Europe, USA and the Middle East. He has worked for Newbridge, Alcatel, Ericsson and recently the MTN Group. He was instrumental as part of the team to introduce Accra Start-Up Weekend (now Techstars Global Startup Weekend) in Ghana. He was the founding CEO for M-Pay Ltd, he has also held leading roles in a few recent start-ups advising on strategy and growth.

Ian is a graduate of the University of Westminster in London where he obtained an MSc in Mobile Personal & Satellite Communications. He is also an Executive MBA graduate of the Fuqua School of Business, Duke University in Raleigh, North Carolina.

Charles Amega-Selorm – Tech Associate
7 years Technical Experience in Ghana, Nigeria, Senegal, Kenya. BA in Computer Science and Economics from the University of Ghana.

Irene Darko – Finance Associate
8 years Finance and Admin experience in Ghana. Chartered Certified Accountant with a Higher National Diploma in Accounting from Takoradi Polytechnic.

Below are our Advisory board members;

Esther Dyson – Chairman of EDventure Holdings
Super Angel Investor with 30 years of experience gained through investments in Facebook, Linkedin, Flickr, Delicious, Voxiva, Meetup, Evensul, 23andMe, etc.

Mawuli Ababio – Chairman of Bullion Investment Group
25 years PE and Project Finance in Africa. Chairman of Phoenix Capital Partners, board member of Colina Insurance, Akwaaba Petroleum, etc.

Ethan Zuckerman – Director of MIT Media Lab
Board member of Soros Economic Development Fund and Open Society Foundations. Co-Founder of Global Voices and Director at MIT Media Lab.

Robin Axion – General Partner of Mantella Venture Partners
15 years experience in venture capital, raised 3 funds and exited 9 companies.

Keith Spears – President of PE at First Capital Real Estate Investments
27 years experience in PE, more than $10B raised over multiple funds with top quartile performance.

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.

© 2019 Chanzo Capital