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Angel Investors Extend Funding Support to Start-up Entrepreneurs in South South/ East

A group, South/Southeast Angel Investor Network (SSEAN), is supporting start-ups with funds.

A member of the network, Uche Aniche, said the network is holding its deal day in Port Harcourt, the River State capital on May 25.

SSEAN made its first investments in two Nigerian startups. The two recipients were Agritech startup, Alphotazi Farms and Energytech startup Greenage, which received $5,000 (N1.8 million) and $20,000 (N7.2 million).

Greenage technology is an inverter and solar panel original equipment manufacturer based in Enugu.

Started by five undergraduates of the University of Nigeria, Nsukka (UNN), the start-up produces and distributes solar-powered inverters. So far, the start-up has been able to hold its place as a leading local manufacturer of critical components for off-grid power solutions.

South/Southeast Angel Investor Network (SSEAN)
South/Southeast Angel Investor Network (SSEAN)

Aniche said the South south region is becoming a single market for angel investing, adding that the area is becoming attractive to both angel investors and start-ups.

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He said the deal day is a special event where network members and others would get the opportunity to invest in teams.

He said: “Start-ups for Deal Day will be pre-vetted to ensure only those who meet SSEAN investment criteria are shortlisted.”

A member of the Network and Co-founder, Emeka Okoye, urged start-ups to make good use of the opportunity.

Okoye, who is the Chief Operating Officer of Auto Mail Service Limited, advised the start-ups to attend the Deal Day.

Also, a member of the SSEAN Board of Trustees and Lead Consultant of Julia Jacks Consulting, Julia Oku Jacks, expressed her pleasure about the network.

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He urged more women-led start-ups to join the SSEAN ecosystem and capitalise on the opportunities of Deal Dey to learn how to build, sustain and scale their businesses better.

“Deal Day gives an expanded view of available business and financing options that no serious entrepreneur should miss,” she added.



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