# Angels Initiatives

> Angels Initiatives is a VC fund in Kampala backing EdTech and FinTech. See 5 investments, check sizes, portfolio and contact details. Updated Sep 2026.

- Type: VC Fund
- Location: Kampala, Uganda
- Total investments: 5
- Last investment: Jan 2017
- Lead investor: 20%
- Last updated: Sep 2026
- Website: https://x.com/angelsiniatvz
- Facebook: https://www.facebook.com/AngelsInitiatives/

Angels Initiatives is a VC fund in Kampala focused on EdTech and FinTech. Founded in 2010, Angels Initiatives is one of the most experienced impact investment firms in East Africa. They have established a team of investment professionals focused on turning good ideas into high growth companies delivering social and financial returns.Angels Initiatives raises capital from institutional investors to invest in turningideas into high impact pan-African companies.They have a team of experienced partners focused on turning ideas with operational and strategic improvement potential into high grow companies by driving up their revenue and earnings growth.

## Contacts

5 contacts available for Angels Initiatives. Shizune tracks 3 team members at Angels Initiatives. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/angels-initiatives?utm_source=investor_profile

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| EdTech | 1 | 20% |
| FinTech | 1 | 20% |
| Software | 1 | 20% |
| Training | 1 | 20% |
| Education | 1 | 20% |

8 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 4 | 80% |
| Venture - Series Unknown | 1 | 20% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| George Bakka | CEO | 0 | https://shizune.co/investors/profile/george-bakka |
| Gilbert Mutungi | COO | 0 | https://shizune.co/investors/profile/gilbert-mutungi |
| Pauline Namuleme | CFO | 0 | https://shizune.co/investors/profile/pauline-namuleme |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Jojus Logistics | Jojus Logistics is an agricultural trading and transportation company that sources produce from rural farmers for sale in both local and international markets. |  | Seed | Jan 01, 2017 | http://www.jojuslogistics.com/ |
| Rackmount | Rackmount is an IT solutions firm that provides quality and affordable hardware and software solutions to both public and private organisations. |  | Venture - Series Unknown | Sep 24, 2016 | https://x.com/rackmountltd |
| Patasente | Patasente is a factoring platform for SMEs, workers and suppliers. They use us to purchase or sell on favorable payment terms. |  | Seed | Jan 01, 2016 | https://x.com/patasente |
| Cooling Solutions | Cooling Solutions is heating, ventilation, refrigeration and air-conditioning company for residential and commercial spaces. CS also provides preventative maintenance services to her clients. |  | Seed | Jan 01, 2016 | https://www.coolingsolutions.co.ug/ |
| Unreasonable East Africa | The Unreasonable East Africa Institute gives an “unreasonable advantage” to entrepreneurs creating solutions to the East Africa’s biggest social and environmental problems. These entrepreneurs aim to make an outsized impact, often with a tiny amount of resources. They have bold visions, but they face tough odds — as They know most startups failwithin a year or two. To give them an unreasonable advantage to beat these odds, They bring these entrepreneurs together to live under the same roof for 5 weeks, where they connect with world class mentors, are surrounded by a dense concentration of capital sources and are backed by lasting global network of support. |  | Seed | Jan 01, 2015 | https://x.com/UnreasonableEA |

5 of 5 investments shown.

## Co-investors
- [Iungo Capital](https://shizune.co/investors/profile/iungo-capital) — VC Fund, 1 deal together

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## Featured in investor lists
- [All Investors in Uganda](https://shizune.co/investors/investors-uganda)
- [All VC Funds in Uganda](https://shizune.co/investors/vc-funds-uganda)
- [Agriculture (agtech) Investors in Uganda](https://shizune.co/investors/agriculture-agtech-investors-uganda)

## FAQ

### What does Angels Initiatives invest in?

Angels Initiatives invests primarily in EdTech, FinTech and Software startups, most often at Seed and Venture - Series Unknown stage. Most of the 5 investments tracked by Shizune back companies in Uganda. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### How do I contact Angels Initiatives?

Public channels for Angels Initiatives include the website linked on this profile and Facebook. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at Angels Initiatives?

The team at Angels Initiatives includes George Bakka (CEO), Gilbert Mutungi (COO) and Pauline Namuleme (CFO). The Team section lists each member with their title, investment count and links.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Sep 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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