Project detail - Viridian


Status: Approved investment
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The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.

Who is our customer

Alexandra Fraser Consulting (Pty) Ltd, trading as Viridian, is a registered private company in South Africa, and the lead organization for African Angel Academy (AAA) initiative which is a program started in 2020 that is and has been funded by other donors in support of increasing the number of actors providing early-stage investment capital across the continent.

What is our funding objective?

In addition to providing the training fundamentals of angel investing, this project seeks to assist angel investors in starting to make investments by working with other investors, funds, and potential investable opportunities. Ultimately, the key objectives of the project are the following: increase the number of active angel groups across the continent; strengthen the operations of these angel groups; fill the early-stage funding gap in more ecosystems across Africa; and provide more entrepreneurs with seed capital and support for them to grow successful businesses.

Why do we fund this investment?

This project aligns with the ecosystem building strategy of the FMO Ventures Program Technical Assistance Facility, funded by the European Commission and the Dutch Government, and is part of the second phase of projects focused on the 3 prioritized countries, Ghana, Morocco, and Tanzania. Early-stage investors including seed and angel investors are critical for a well-functioning entrepreneurial ecosystem and many African markets lack effective angel networks to support these early-stage businesses. In addition to capital, angel investors can provide mentorship, professional skills and access to markets to assist early-stage businesses to build a scalable and sustainable venture.

Website customer/investment
Infrastructure, Manufacturing and Services
Publication date
Effective date
Total FMO financing
EUR 0.15 MLN