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SSE Angel Network makes first investment worth almost N10million

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  • Alphotazi Farms, Greenage Technologies are first beneficiaries 

SSE Angel Network (SSEAN) has made their first set of investments. Members of the network invested in two startups namely Alphotazi Farms and Greenage Technologies.

Alphotazi Farms is a modular Cassava processing company currently operating out of a village in Benue but based in Nsukka.

Nigeria is the world’s largest cassava producers with most of the production done manually by rural dwellers.

Alphotazi is one of the incubatees of Roar Nigeria Hub, University of Nigeria, Nsukka.

Some of their clients include boarding schools and bulk buyers with advanced plans for packaging and distribution through supermarket chains.

Greenage Technology is an inverter and Solar Panel Original Equipment Manufacturers based in Enugu. They produce and distribute high quality inverters and already have a distribution partner that’s supported by a major Nigerian bank.

The company started by five friends who met as undergraduate at UNN, Nsukka are already a leading local manufacturers of critical components for off-grid power solutions to close the energy gap.

Alphotazi received Two Million Naira (#2,000,000) to build modular processing plants for cassava.

Greenage received Twenty Thousand United States Dollars ($20,000) to automate production.

SSEAN was setup in 2018 by a group of professionals to invest, mentor and support Startups in the South-East/South-South of Nigeria.

Speaking about the investment, the CEO of Crestsage Ltd., Charles Emembolu, said, “I believe the teams are solving global problems with local resources and will scale with the right support, mentoring and a more inclusive ecosystem.”

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Also speaking, the CEO of Cobbs Engineering, Owanari Batubo, advised post traction startup founders in the region to take advantage of the network.

He called on experienced business people in the region to join the network and help entrench innovation/entrepreneurial culture in our society.

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