The new 2025 Angel Investment Survey Report published by the African Business Angel Network (ABAN) in partnership with market intelligence firm Briter Intelligence highlights agriculture and agritech as increasingly prominent investment priorities across Africa’s early-stage funding landscape. Agritech ranks as the top sector choice for angel networks (20%) and the second most popular for individual angel investors (13%).
The report provides a data-driven snapshot of how early-stage capital is shaping Africa’s innovation ecosystem and finds that both angel networks and individual investors continue to maintain largely sector-agnostic portfolios. However, impact-oriented sectors, and agritech in particular, are increasingly emerging as preferred investment areas, reflecting growing interest in ventures that combine commercial potential with measurable development outcomes.
This shift is also driving the creation of more specialised investment communities. One example is the Climate Smart Agriculture Network established by ABAN, designed to strengthen investor expertise and improve support for early-stage startups operating in agriculture and climate-related sectors.
The report also highlights the expanding role of smaller early-stage transactions. While funding rounds between USD 1 million and USD 20 million continue to represent a substantial share of deployed capital, deals below USD 1 million have grown steadily since 2019. These smaller transactions are often driven by individual angel investors and angel networks willing to back higher-risk opportunities at earlier stages, frequently working alongside venture capital funds, accelerators, incubators and venture studios to help build the next generation of African startups.