Angolan crowdfunding startup, Deya’s secures over $50,000 pre-seed

Angolan crowdfunding startup, Deya has secured its first round of pre-seed raise to the tune of over $50,000, this round was obtained from a local group of angel investors.

Touted as the first crowdfunding startup in the country, Deya serves as a platform where entrepreneurs and creatives can connect to a broader network of people willing to invest in what they are building.

Launched in 2017, the platform operates an all-or-nothing model where only enterprises that can raise the full fund they seek are funded. Meanwhile, Deya takes a 5% commission on the amount raised, while the funded startup offers rewards in return to the investors.

Deya will deploy this round of investment on developing new IP for its platform while improving its offers, all aimed at generating more revenue. At the same time, it will focus on designing an equity model as rewards to investors.

So far, the startup has helped raise over Kz15 million (~$22,000) for different social impact projects. Before Deya, the crowdfunding space in the country was mostly offline and peer-to-peer.

With VC funding quite difficult to come by, startups turned to crowdfunding as a veritable investment source. In Nigeria, this funding method is most popular with Agritech startups where people invest in farms expecting a decent return a few months down the line.