The Namibia Business Angel Network (NABAN) has shortlisted four Namibian start-ups for possible investment.
The four start-ups – Two Point Delivery and Logistics, Nel’s Babies and Kiddies, Pre-Eminence Financial and Eagles Pizza – are currently working to innovate within various sectors and were selected from 40 applications.
“NABAN is in the process of facilitating the due diligence process and investment negotiations. If successful, the start-ups will receive a cash injection from the angels in exchange for an equity stake in the start-up. The new shareholders will then also act as strategic partners to the founders, supporting them, for example, with strategic advice, contacts and helping with important negotiations,” the business grouping said.
The investors, known as NABAN angels, some of whom are successful entrepreneurs themselves, aim to assist the start-ups to fine tune their business models, acquire clients, form partnerships and generate revenue.
NABAN meets once a month to discuss recent trends and developments in the start-up ecosystem and every quarter holds a pitch event where promising founders can present their company and pitch to secure an investment, which by membership agreement, each investor has committed to do at least one start-up investment per year.
