The Venture Codex Logo

The Venture Codex

Dakar Network Angels

Avenue du Président Léopold Sedar Senghor, 6, Dakar, Senegal

Overview

Dakar Network Angels (DNA) is an angel investor network based in Dakar, Senegal, investing in early stage companies throughout the WAEMU region and contiguous countries.

Total investments
2
Lead investments
1
Investments · 12mo
0
Active investors
1

Sector focus

  • Banking
  • Internet
Visit website

Investment portfolio

  • VENCO

    Participated · Seed · Dec 2022

    Venco is a Lagos, Nigeria-based technology company offering an all-in-one platform for property owners, property managers and residents to run residential and commercial communities. Its platform simplifies bill payments, visitor access, issue and emergency management, and utilities vending while automating collection and reconciliation of dues and payments to improve receipts and margins for property owners. For residents, Venco provides self-service tools for visitor control, issue management and utilities vending, and embeds financial services including insurance and credit facilitation for rent, service charges and household spend. The company plans to use the $670K pre-seed funding to build out its credit delivery infrastructure for rent and household spend and to expand into additional cities and countries across Africa. Venco’s solutions aim to reduce the cost of service delivery and increase convenience for communities. The company was co-founded by Chude Osiegbu (CEO), Reagan Mbitiru (CTO) and Uzochukwu Alor (COO).

  • Coliba

    Led · Seed · Mar 2019

    Coliba is an Ivorian cleantech startup that uses a mobile app to coordinate waste recycling. The company was chosen as the first francophone Africa investment by Dakar Network Angels (DNA) when the group launched. As part of the deal Coliba will receive mentorship and a minimum of $25,000 in seed funds from DNA. DNA's seed investments are offered in the $25,000 to $100,000 range and come with entrepreneurial guidance from its angel network. DNA takes a minority stake of less than 10% in ventures that receive seed funds and provides program mentorship until exits, support intended to help Coliba scale within francophone Africa.

Team

  • Oluwole Oyekanmi

    Founding Team Member

    LinkedIn