Free Reads Africa’s Angel Capital Dips Amid Pre-Seed Slump Despite 5000+ Investors By Henry Nzekwe  |  May 11, 2026 Africa has more than 5,000 angel investors and 75 active networks, but the capital they deploy at the earliest stage of startup funding remains remarkably thin, according to a survey released on Monday. Angel groups that responded to the African Business Angel Network (ABAN) survey invested just over USD 4.4 M in 2025 across the continent. Individual angels write cheques typically below USD 25 K, with more than 90% of them investing at that level, up from 76% in 2024, the report said. The figures expose a critical gap in a year when overall venture funding into African startups rebounded. Most of that capital flowed into later-stage companies, leaving early-stage ventures scrambling for smaller tickets. When angel capital does find its way to startups, the outcomes are strong. Sixty-five percent of angel-backed companies went on to raise follow-on funding, the survey found, a rate that suggests…