Euro Coins

Financing Your 

Venture

Africa tech is on the rise and an increasing number of funds are dedicated to financing ventures across Africa. However, practices have proved to be very different between investors, lacking transparency, creating frustrations, and a waste of time. As a collective, we are committed to creating common practices and tools.

 Due Diligence  checklist

What can you expect as an entrepreneur during the due diligence process? As a collective, we propose a standard list of requirements to help entrepreneurs be ready and reduce the time required before an investment. 

In partnership with 

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Standardized Term Sheets 

Access to a single, country-adapted terms sheet with explanations, recommendations from the members of the collective.

In partnership with 

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FOUNDER RESOURCES

SAFE AND ESOP GUIDANCE NOTES

Access the updated SAFE notes as well as a step-by-step ESOP guide that describes the high-level steps a founder would need to take to set up an ESOP and where they might need external legal or accounting assistance.

 

The Post-Money SAFE notes add to the Pre-Money SAFEs library, which has been around for about three years.

As the YC SAFE template gains traction in the African market, many founders and investors find themselves spending unnecessary time translating the US terminology into a local context. 

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This is part 1 in a series of African SAFE templates that suggests a South African version, with versions for other African countries to follow soon.

In partnership with

Adding on to the arsenal of useful resources, here’s an open-source spreadsheet you can use to build out your Capitalization Table with Post-money SAFE instruments to simulate the dilution effect of future funding rounds

You may download this and customize it as you see fit and in a way to suit you or your business.

A special thanks to members of the collective who committed themselves to creating these invaluable resources. 

In partnership with 

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Contribution to the Capitalization Table Template

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Contribution with the Post Money SAFEs

Discover a large list of VC funds and alternative funding resources and find those which are the most relevant to finance the growth of your business. 

In partnership with 

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African tech hubs have been growing but there is little transparency on what incubators and accelerators really offer, what are their specifications and main assets. The list is not comprehensive but we believe that it can become very useful if we collectively complete it.