Angel investors play a critical role in early-stage ecosystems across Africa, Latin America, and Asia, providing not only capital but also mentorship, strategic guidance, and networks that help startups survive and grow. Yet, angel investing in these markets faces structural challenges, from the prevalence of sunk costs to liquidity constraints.
This report, developed by Briter Intelligence in partnership with the Dutch Good Growth Fund (DGGF), maps more than 220 angel networks and explores their motivations, investment behaviors, and support mechanisms. It highlights trends shaping angel investing, barriers to participation, and strategies to strengthen this vital source of early-stage finance.