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Addis Ababa Angels Network
Addis Ababa Angels Network is an Ethiopian angel group led by Shem Asefaw and five other founders.
Addis Ababa Angels Network
Addis Ababa Angels Network was created by a group of Ethiopian founders and operators. Shem Asefaw, Addis Alemayehou, Henok Assefa, Adam Abate, Joseph Kibur and Levi Girma serve as the named founders. Amaha Bekele participates as a business partner. The network targets early-stage, seed and start-up opportunities with some growth exposure. It deploys directly into Ethiopian companies and works with blueMoon Ethiopia for sourcing. Geographic focus remains Ethiopia with regional coordination through the African Business Angel Network. No public data exist on total capital deployed or headcount. The network lists no additional offices. It holds founding membership in the Ethiopian Association of Startup Ecosystem. The structure operates as a member-led angel group rather than a single-family office or traditional fund. Decision rights sit with the listed founders and partners.
General information
Firm type
Angel Network
Year founded
—
AUM
Undisclosed
Location
Region
Africa
Country
Ethiopia
City
Addis Ababa
Corporate office
Addis Ababa, Ethiopia
Principals
Shem Asefaw
Founder
Addis Alemayehou
Founder
Henok Assefa
Founder
Adam Abate
Founder
Joseph Kibur
Founder
Levi Girma
Founder
Amaha Bekele
Business Partner
Sector focus
Frequently asked questions
Who runs investment decisions at Addis Ababa Angels Network?
Shem Asefaw, Addis Alemayehou, Henok Assefa, Adam Abate, Joseph Kibur and Levi Girma act as the named founders. Amaha Bekele participates as a business partner. No single CIO or investment committee is disclosed.
How does Addis Ababa Angels Network source proprietary deal flow?
The network maintains a partnership with blueMoon Ethiopia as an incubator. It also works with GIZ for ecosystem development. These relationships supply early-stage opportunities inside Ethiopia.
Is Addis Ababa Angels Network structured as a single family office or does it operate more like a venture firm?
It functions as a member-led angel network. Multiple founders from separate operating companies participate. No family wealth origin is disclosed.
Does Addis Ababa Angels Network participate in fund commitments or only direct deals?
The network focuses on direct investments into Ethiopian companies at seed and early stages. No fund commitments are referenced in available records.
What investment stages does Addis Ababa Angels Network typically target?
The network targets early stage, seed, start-up and growth opportunities. All activity centers on Ethiopia.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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