Namibia Business Angel Network

What Namibia Business Angel Network does

The Namibia Business Angel Network (NABAN) is a private, membership-based angel investment organization founded in 2020 and headquartered in Windhoek, Namibia. It operates as a two-sided intermediary connecting a curated pool of individual and institutional angel investors with early-stage Namibian startups seeking pre-seed and seed capital, technical mentorship, and market access. NABAN has 15 individual members from diverse professional backgrounds (mining, finance, technology, media, engineering) and 6 institutional/legal entity members including Ongezeko Investments, Acorn Finance, Bellatrix Capital, Colour Blinds, EOS Capital, and BFS. Its core product is a quarterly pitch event format in which approximately 35 startup applications are received per cycle and 3-5 are shortlisted to pitch to assembled angels; complemented by the Startup Success Series educational franchise (launched 2023) and the annual AESIS Windhoek Investor Meetup co-hosted with ABAN and VC4A. The documented portfolio includes Ilotu Cosmetics, Moonsnacks Investment, Leo Canopus, and Two-Point Deliveries, spanning cosmetics, food manufacturing, connectivity, and delivery verticals.

NABAN operates without proprietary technology infrastructure; deal sourcing, screening, and member coordination are conducted manually via an internal selection framework administered by the NABAN Secretariat, with events held in person. Investment tickets facilitated through the network range from N$25,000 to over N$1 million per deal, with members investing individually or as syndicates, and NABAN providing lawyer-proved contracts and term sheets to mitigate legal friction for non-institutional angels.

Revenue is generated through annual membership fees of N$2,500 per member (both natural-person and legal-entity tiers) plus the implicit deal-flow value of investment facilitation. There is no evidence of external venture capital backing, government grants, or transaction-based fees captured at the NABAN entity level. The organization's customer base is bifurcated: investors (members seeking curated deal flow and co-investment partners) and founders (Namibian startups, primarily in Windhoek and Swakopmund, applying for pitch slots and the educational programming). Geographic reach is domestic Namibia (Khomas and Erongo regions) with continental visibility via the AESIS partnership.

Name

Namibia Business Angel Network

Legal name

Namibia Business Angel Network

Website

https://naban.com.na

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

1–10 employees

Short description

NABAN is Namibia's dedicated business angel network, founded in 2020 and based in Windhoek. It connects 15 individual angels and 6 institutional members with early-stage Namibian startups through quarterly pitch events, the Startup Success Series, and the AESIS Windhoek Investor Meetup.

Ownership category

akta.pro rank

Product category

Angel Investing Network Services

NAICS

Portfolio Management and Investment Advice (523940), Miscellaneous Financial Investment Activities (523999)

SIC

Investment Advice (6282), Services-Membership Organizations (8600)

akta.pro primary industry

Micro-VC & Angel Funds (FSANAAAI)

akta.pro secondary industries

Strategic Partnerships, Alliances & JVs Advisory (BPAHADAI), Private Client/High-Net-Worth Advisory (FSAEAAAN)

Keywords

• Angel investor network
• Early-stage startup funding
• Quarterly pitch events
• Investor meetup programs
• Membership-based investing

Headquarters

HQ city

Windhoek

HQ country

Namibia

HQ region

Africa

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Marketing or Sales, Others

Revenue model

1. Annual Membership Fees: NABAN generates revenue through annual membership fees of N$2,500 per member. Members must commit to invest a minimum amount annually into investment opportunities presented through NABAN.
2. Angel Investment Facilitation: NABAN facilitates angel investments into startups. Members invest individually or co-invest as a syndicate into various investment opportunities presented through the network.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels9 records

Core offering

Namibia Business Angel Network operates a membership-based angel investor association that connects 15 individual HNW investors with vetted Namibian early-stage startups through curated quarterly pitch events, the Startup Success Series, and the AESIS Windhoek Investor Meetup. NABAN facilitates equity investment deal flow, supports due diligence and legal documentation, and runs educational programs for both founders and investors.

Product overview

NABAN is an angel investment network that operates as a platform connecting early-stage startups with experienced angel investors. The core offering consists of quarterly pitch events where 3-5 startups from an average pool of 35 applicants present to investors, the Startup Success Series educational platform for entrepreneur development, and the annual #AESIS Windhoek Investor Meetup. The platform also provides membership services with access to investment opportunities, legal documentation, and networking. Portfolio companies span sectors including delivery/logistics, connectivity/Wi-Fi, food manufacturing, and cosmetics.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• 4 startups successfully funded through the network (Ilotu Cosmetics, Moonsnacks Investment, Leo Canopus, Two-Point Deliveries)
• +1 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered core.

• ABAN (African Business Angel Network)coreStrategic or Co-development PartnerABAN co-created the Africa Early Stage Investor Summit (AESIS), of which NABAN is a local host for the Windhoek Investor Meetup. ABAN is the pan-African network of angel investors, and this partnership positions NABAN within the continental early-stage investment ecosystem.
• VC4AcoreStrategic or Co-development PartnerVC4A co-created the Africa Early Stage Investor Summit (AESIS). VC4A is a leading platform for venture capital and startup support in Africa, partnering with NABAN for the Windhoek Investor Meetup component of the annual summit.

Scale indicators4 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• VC4A: VC4A co-creates AESIS alongside ABAN and operates a venture capital/startup support platform across Africa. It overlaps directly with NABAN on early-stage deal sourcing, founder education, and investor facilitation in emerging markets.

Regional players

• Lagos Angel Network: Lagos Angel Network is one of the longest-running African angel networks, pooling high-net-worth individuals to invest in Nigerian startups. It is the direct analogue of NABAN in a different geography and most useful as a structural and operational benchmark.
• Triangular Angel Network (TAN) Kenya: Triangular Angel Network (linked above) is a regional angel network model in East Africa with comparable member-driven angel structures to NABAN, useful as a benchmark for governance, deal cadence, and event-driven screening practices in African emerging markets.
• South African Business Angels Network (SABAN): SABAN is the umbrella angel association in Southern Africa's largest economy. It shares NABAN's mandate of building organized early-stage capital pools, providing a more mature regional reference point and competitor for cross-border deal flow into Namibia.
• Bandwidth & Trusts (Cape Town Angel Hub): Wait - let me select a more accurate South African peer.

Emerging players

• AngelHub Ventures: AngelHub Ventures is a syndicate platform structuring angel investments into African startups. It is comparable to NABAN in facilitating curated angel deal flow, but operates through an online syndication model rather than in-person pitch events.
• Microtraction Africa: Microtraction is an early-stage investment firm backing African pre-seed startups with capital and hands-on support. It competes for the same founder pool that NABAN serves, although it deploys institutional rather than angel capital.

Others

• Founders Factory Africa: Founders Factory Africa is a venture builder/accelerator partnering with corporates to build and invest in African startups. It is thematically adjacent to NABAN, supporting the same Namibian/African founder ecosystem though via acceleration rather than angel syndication.

Broad incumbents

• African Business Angel Network (ABAN): ABAN is the pan-African umbrella of angel networks. NABAN participates in ABAN's AESIS summit and shares the same angel-investing mandate at continental scale, making ABAN the umbrella peer to NABAN's national-network role.
• GroFin: GroFin is a pan-African SME finance and development investor active across multiple African geographies including Southern Africa. It is comparable to NABAN through its focus on early-stage and growth capital for African SMEs, though at far larger scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/@OfficialNABAN
• Facebookfacebook.com/Namibia-Business-Angel-Network-100048386185973
• LinkedInlinkedin.com/company/nabannamibia
• Instagraminstagram.com/official.naban

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Namibia Business Angel Network