We are a community of creators, investors and operators with a mission to back entrepreneurs in building scalable businesses for Africa and its Diaspora.
Managed by Joe Kinvi (Growth, Stripe) and Nubi Kay (Startup Programs Lead, Paystack) — the idea of HoaQ came about when they were looking for an investment club or collective to join but couldn’t find one that fits their investment thesis and lowers the barrier to entry to angel investing. Since April 2020, they have been on this journey with over 300 investors spread around the world. The thesis is around investing in early stage tech and tech-enabled startups looking to attain a high scale of growth.
⚠️ WARNING : Angel investing is a highly illiquid and risky asset class. You may lose all funds invested. It’s recommended not to invest funds you are not willing to lose or need in the short term as angel investing can take a couple of years to return profits.
Our Investment philosophy is to invest in founders and teams with domain expertise, technical know-how, and have attained some traction within a large defined opportunity.
The African tech ecosystem is an ever evolving and transformative sphere and our value proposition for the founders are:
- Funding — to allow them to move faster and achieve desirable growth.
- Expertise and technical know how — leveraging the knowledge and experience of our members and extended network.
- Human capital — available to companies we have invested in, when they start to scale.
For our members who are operators, creators, founders and professionals, globally interested in backing early stage startups, looking to diversify their investment portfolio and are interested in learning about and backing early stage companies, our value proposition include:
- Access to early stage startup investment opportunities
- Enablement as an investor — Returns on investment typically better than putting money with a financial institution (but come with associated risks)
- Sense of purpose by putting your funds towards companies who are doing meaningful work and an opportunity to work with startups the club has invested in.
Curious about how to get started and join the HoaQ Club?
- Join our mailing list here to get started. We keep you in the loop with HoaQ news and updates here.
- Proceed to complete your membership which includes a one-time joining fee of $100. You can choose to either become an annual member where you pay $200 per annum to invest in an unlimited number of deals in a 12 months period or $50 per deal you invest in.
- From here, you get added to the Slack Community and get access to deals, opportunities to invest with our partners, access to special events and workshops etc.
The minimum investment amount is $1,000 per deal and you can invest multiples of $1,000 as there is no limit to how much you can invest.
We are aiming to make it easy for early stage startups whilst providing opportunities to operators and professionals looking to back companies making impact.
For more information and to stay in touch, please check out our Website and follow on Twitter, LinkedIn & Instagram.
