SUDAN
ANGELS
1ST BUSINESS ANGEL INVESTORS NETWORK | 249STARTUPS INITATIVE
ABOUT SUDAN ANGELS
Sudan Angels is the first Angel
Investors Network in
dedicated to connecting early
stage Sudanese businesses with
angel investors . It will bring together
businesses looking for investment
with investors who has the capital,
contacts and knowledge to help
them succeed and develop the
entrepreneurship ecosystem .
Supported by 249Startups , Sudan
Angels will have access to vetted
and highly scalable startups, who
have already launched their
products or services, with proved
traction in the market.
Sudan
The basic concept of angel
networks is to bring together high
net worth individuals in different
markets and have them pool funds
and expertise to make investments
in early-stage Sudanese startups.
The angel investors will get
opportunities to learn and get
access to premium technical
trainings & masterclasses toward
early stage investments . These
activities are led by regional
experienced angels .
INVESTMENTS
Investment is a top
priority in order to put
angel investing culture
on track. Sudan Angels
provide Startups with
early stage equity
investments & capital.
EDUCATION
Building the capacity
of investors to become
angel investors. Angels
will undergo training on
Angel Investing from
experienced investors.
ADVOCACY
Promote and lobby for
angels investment
activities to support
entrepreneurship and
innovation in Sudan. As
well as Use the Network
experiences to advice
the Government and
international
organizations on
Business Investment
SUDAN ANGELS | 249STARTUPS INITAIVE | LAUNCHING DEC 2020

ABOUT 249STARTUPS
249Startups is a social enterprise that
fosters and supports bright and
passionate entrepreneurs. Established
in April 2018, with the mission of
developing a vibrant entrepreneurial
ecosystem that supports the growth
and development of new startups in
Sudan.

A key part of our strategy is launching

revolving microfund to invest alongside
established venture funds that take the
role of the lead investor and that we
have close connections with.

Sudan has large untapped

249Startups Organizes annual investment Demo market of 43 million people in
Days attended by Angel investors , Corporate Sudan with a large diaspora
partners & development agences and resulted in (4-5 million people) settled in
20+ following up investors meetings as well as GCC , Europe & Western
more than 100K USD in equity-investment deals for countries, with quick access
to hard currency .Estimated
our portfolio businesses so far from Sudanese
annual remittances of
Angel Investors & Companies . around 3 billion USD .

SUDAN ANGELS WILL:

01 02
Provide Angels with a strong, vetted pipeline of Share workload relating to due diligence,
startups to invest in & engage with some of deal preparation & facilitation and
Sudan’s brightest entrepreneurs . negotiations to minimize transaction efforts.

03 04
Provide Angels with access to carefully selected Catalyze innovative & sustainable reforms &
networking events to connect with like minded initiatives by working with private & public
investors & business leaders . sectors.
SUDAN ANGELS | 249STARTUPS INITAIVE | LAUNCHING DEC 2020

249STARTUPS
Impact numbers:

Applicants Our Members

5,000+ 100+

Customized Programs Job Opportunities Created

8 500+

Access to Captial Graduated Startups

600K+ 85+

Receiving investments early on is an important step for start-ups to grow and eventually
reach more advanced investment stages. Obtaining early stage investments is
challenging in every market across the world. From this challenge has sprouted angel
investor networks, which primarily aim to facilitate this important growth for start-ups.
In Sudan, start-up ecosystem are relatively new. Thus, angel investment activity is also
relatively new. These investments are provided by locals, for locals or by diaspora
members (who play a major role thanks to expertise, access to foreign markets, and
access to hard currencies). Angel investor networks in Sudan do not yet exist.

ONE SUCCESS STORY OF MANY OTHERS!!

An Uber for breakdown assistance

Hashim Eltoum (23 years old student) started a breakdown assistance service for
cars called Monjid under the Orange Corners Incubation programe. Since then,
he’s already completed above 5,000 orders and 100+ mechanics have signed up
Hashim was inspired by finding a problem to his father’s car brokedown. Monjid
provides emergency roadside assistance through motorcycles. People whose
requests are less urgent, for instance like changing a tire or jump-starting a car with
a dead battery, you can ask for a mobile mechanic via the call center or the app.
So, it’s a bit like Uber for breakdown assistance.’
One year after graduaring from the incubcation program Monjid managed to
secure a 6 figures USD seed round investment from GlobeTech through a deal
facilitated by 249Startups post the Annual demo day . The kick-off tractions of
Monjid was initially backed by a impact loan he received from 249Startups in
addition to mentorship and networks by 249Startups Directors .
Investor’s Guide:

Requirements
to be an
angel Investor
Willing to invest in
Sudanese early stage
Willing to invest Start-ups
at least 5,000 $/year (Early Stage Startup = less than 2 years in the market)
in 2021

Targeted Types of Investors

Corporates, organizations Individuals interested in investing in

and groups investing in early stage but lack the expertise
Startups in Sudan or time to source and manage the
deals flow

Apply

Angels
Investors
Joining
Process

What to
Expect
as an
Investor