/Investor DB

Bold Angel Fund

Angel network

Lagos · Pre-Seed–Seed

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Investment thesis

Bold Angel Fund aims to address the imbalance in African startup funding, where less than a fifth of capital invested in African startups originates from Africa. Structured as a no-fee, closed, syndicated fund, its members pay an annual investment ticket that is pooled and allocated to qualifying startups. BAF invests in high-growth African ventures across all sectors at the pre-seed and seed stages, seeking to bridge the gap between entrepreneurs and capital on the continent.

Invests inSector AgnosticAfricaLagosNigeria

Source: firm website, verified Aug 3, 2026.

What founders say

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Stage
Pre-Seed–Seed
Check
$5K – $50K
HQ
Lagos, NG
Instruments
Equity
Tracked investments
2

What they invest in

from 2 of 2 portfolio companies

Fintech ×2Healthtech ×1InsurTech ×1Wellness & Fitness ×1

HQs:Nigeria×2

Investments · 2 tracked

founders shown can be your intro path
Clafiyaclafiya.comin𝕏Jul 2023

Clafiya provides primary healthcare services and Health Savings Accounts (HSAs) to individuals, families, and businesses in Nigeria, operating a care clinic, virtual consultations, and wellness marketplace.

FintechHealthtechInsurTechWellness & FitnessLagos, NG

Co-investorsAjim CapitalMicrotractionTechstarsHoaQHustle FundNorrsken Accelerator+1 more

Pivo Technology Incpivo.africain𝕏SeedDefunct

Pivo provides bank accounts, debit cards, and digital invoicing tools to truck owners and drivers in Africa, with plans to expand into credit and expense management products.

FintechLagos, NG

Ijeoma Akwiwu(Founder)in

Co-investorsFirstCheck AfricaRising Tide Africa (RTA)Sprint VcVentures PlatformVestedWorldY Combinator+9 more

Frequently asked questions

What stage does Bold Angel Fund invest at?
Bold Angel Fund invests at the Pre-Seed, Seed stages.
What is Bold Angel Fund's typical check size?
Bold Angel Fund typically writes checks of $5K – $50K.
What sectors does Bold Angel Fund focus on?
Bold Angel Fund focuses on Sector Agnostic.
Where is Bold Angel Fund located?
Bold Angel Fund is headquartered in Lagos, NG.

Images

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