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The DBJ Angel Fund will partner with Angel Investors (individuals and groups) through co-investments to support innovative, scalable Jamaican start-ups, by matching the investments made by approved Angel Investors. The DBJ will commit US$1.5 million to the DBJ Angel Fund and will provide matching investments of between US$50,00 and US$100,000 to start-up/investor teams meeting the Funds’ eligibility and investment criteria.
DBJ Angel Fund Objective
To Increase patient investment in Jamaican start-ups
To boost angel investor activity
To Provide start-ups with access to long-term (up to 5 years) patient
To Reduce the funding gap for high potential Jamaican start-ups
To Develop the next Jamaican entrepreneurial success cases
DBJ Angel Fund Details
How it Works
An example of how it will work: John, an Angel Investor, has committed to investing US$50K in Company X. John and Company X can apply jointly to the DBJ Angel Fund for a matching investment. If Company X meets the eligibility criteria, and both John and Company X pass the due diligence assessment, the DBJ Angel Fund would make a matching investment of US$50K.
Angel Investor designation
The DBJ is seeking to support innovation-based, scalable, high growth potential start-ups in Jamaica by partnering with high-net-worth individuals who want to invest in them.
This is an opportunity for founders of these start-ups and for potential angel investors who can take a “smart capital” investment risk while seeking the rewards of patient financing of the next group of Jamaican innovators and business titans.
Angel Investors taking the lead on a deal involving a qualifying start-up company in any of the targeted industries may apply to the DBJ’s Angel Fund for designation as a DBJ-Approved Angel Investor and for the Fund to co-invest in the deal. This designation includes due diligence checks involving background screening of applicants. Successfully passing these checks will enable the award of the DBJ-Approved Angel Investor designation, and allow the investor to apply to the Fund, in partnership with the investee start-up company.
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DBJ Angel Fund'S REACH
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DBJ Angel Fund's Beneficiaries
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