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Musha Ventures
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Subscription Amount
$5,000+ Quarterly
Subscription Period
4-12 Quarters
Management Fee
0.4% per year over 10 years
Carry
20%
Admin Fee
0.15% per year over 10 years
Starting Q4 2024, this fund will transition onto updated Rolling Fund admin fee pricing terms. See the Investment Details section for more.
Invest Account
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Note from Aadil
Hi, I’m Aadil and I’m the founder of Musha Ventures. The name 'Musha' was inspired by my parents' names (Musti and Shakila) and also means ‘home’ in Zimbabwe.
I was born and raised in Mombasa, Kenya, where my family has been since the 1800s, and have spent the last 15 years working in technology across Europe, USA and Africa. I’m currently Head of Product at Automattic (WordPress.com) and have worked at Google, Pocket Gems, and Index Ventures with degrees from Cambridge and Harvard.
I’ve been investing in Africa since 2014, and am one of the most active angel investors on the continent - this fund is an extension of my angel investing. I've made 40+ investments and generated 60%+ IRRs across my investments in African technology companies.My portfolio includes companies like Flutterwave, mPharma, Sokowatch, Branch, Twiga and Kobo360.
I have a strong network of co-investors and local entrepreneurs, several of whom are investors in this fund. I’m a Kenyan, a product manager, and global operator - this experience allows me to have a lot of empathy for founders.
I believe that there is a tremendous opportunity in early-stage investing in technology in Africa over the next decade. There are many young people ready to work (median age of 19), increased urban mobilization (45% living in cities by 2025), high smartphone penetration (50% and growing fast) with digital finance access, and increasing capital and talent flows into African technology hubs (e.g. Nairobi, Cape Town, Lagos).
I believe that investing both conservatively and consistently is the best way to access this opportunity while mitigating market timing risk. I will follow this strategy and focus on foundational B2B technology and technology-enabled companies in financial services, marketplaces, and software as a service.
I like to write at www.aadil.blog, if you’d like to get to know me better. These pieces about democratizing access to venture capital in Africa, and why I invest in Africa are good starting points.
If you’d like additional detail on the fund's strategy and track record please check out this deck for more information*.
If you’d like to get in touch please fill out this short form and I’ll reach out to you so we can get to know each other better.
Thanks for your consideration :)
* The investments and returns data above and accessible via external links may include investments made off of the AngelList platform. As such, AngelList has not taken any action to verify such data and makes no representations as to its accuracy or completeness. All investment value estimates and return multiples are calculated net of any fees, expenses or carry. The outcome for any unrealized investment is highly uncertain. For additional information, including calculation methodologies, please contact the Fund Lead directly. Past performance is not indicative of future returns.
Any companies and venture partners featured above and via external links are referenced due to their notoriety in the startup and venture capital community. These references are provided for illustrative purposes only and are not an exhaustive list of all investments made or involving the Fund Lead. A full list of the Fund Lead’s investment history will be made available upon request.
Aadil
Investment Details
Subscription Start Date
October 1, 2023
Minimum Quarterly Subscription
$5,000
Minimum Subscription Period
4 Quarters
Management Fee
Investors pay management fees of 0.4% per year for the first 10 years.
Management fees are taken as a percentage of the total committed capital. The total management fee is paid out quarterly over the first
three years of the fund's life.
Carry
Twenty percent (20%)
Admin Fee
0.15% per year over 10 years
Starting Q4 2024, this Rolling Fund will transition onto updated Rolling Fund pricing terms. Under these new pricing terms, each new quarterly fund in the Rolling Fund Program will pay an annualized rate of $2.5k + 0.2% of contributed capital over 10 years.
Fees for each quarterly fund in the Rolling Fund Program will vary based on each quarterly fund’s capital contributions since the fee includes a flat fee component. The last quarterly fund in this Rolling Fund Program closed $435.62k in contributed capital. Learn more about how to estimate your commitment’s fees at our help center.
Fees for each quarterly fund in the Rolling Fund Program will vary based on each quarterly fund’s capital contributions since the fee includes a flat fee component. The last quarterly fund in this Rolling Fund Program closed $435.62k in contributed capital. Learn more about how to estimate your commitment’s fees at our help center.
GP Commitment
Aadil's personal subscription per quarter will be at least $25,000 in total.
Investor FAQ
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Are LPs guaranteed access to Musha Ventures' future funds?
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Unanswered questions? Contact AngelList
The performance of past deals or a lead investors' track record is not a guarantee of future returns. Venture capital fund investments are inherently risky and illiquid. Such investments involve a high degree of risk and are suitable only for sophisticated and accredited investors.
AngelList and its affiliates do not provide investment advice to investors. The information on this page should not be relied upon as research, investment advice or a recommendation of any kind. Information on this page is qualified in its entirety by the fund's Limited Partnership Agreement, Private Placement Memorandum and Subscription Agreement, which should be reviewed carefully prior to making an investment decision. Please see these documents for full details regarding risks, minimum investment, fees and expenses. The fund lead and the fund's investment advisor have the right to waive or charge additional carry to certain investors. The fund's legal name may be different from the name used above.
This fund may accept new investors after the fund undergoes a valuation update. Certain potential investors in the fund may then have access to materially different information concerning fund value at the time of their investment.
Current or future portfolio companies in this fund may use AngelList's recruiting platform and may pay an affiliate of the fund's investment adviser for premium recruiting tools and services. This may create a potential conflict of interest for the investment adviser, which you will consent to by subscribing to the fund.
Please read the disclosures in full here.
Apply To Subscribe
Subscription Amount
$5,000+ Quarterly
Subscription Period
4-12 Quarters
Management Fee
0.4% per year over 10 years
Carry
20%
Admin Fee
0.15% per year over 10 years
Starting Q4 2024, this fund will transition onto updated Rolling Fund admin fee pricing terms. See the Investment Details section for more.
Invest Account
Select invest account