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Investment Readiness Checklist for Ethiopian Startups

Investment readiness is the single biggest predictor of whether a fundraising process moves fast or stalls. This checklist covers the records investors and fund managers request most often in Ethiopia's private market — including Fayda ID, MInT, and ECMA-relevant compliance.

By Mahlet Yared and Elroie Alemseged, SEBL Inc

6 min read · Published June 15, 2026 · Updated July 17, 2026

Investment readiness is the single biggest predictor of whether a fundraising process moves fast or stalls in Ethiopia's private market.

Investment readinessDue diligenceStartupsEthiopia

Entity and governance

  • Certificate of incorporation and memorandum of association
  • Current cap table with all shareholders and option holders
  • Board meeting minutes for major corporate actions
  • Shareholder agreements and any side letters
  • Director and officer appointments on record

Financial records

  • Bank statements for the last 12 months
  • Management accounts or audited financials (if available)
  • Revenue breakdown by product or customer segment
  • Burn rate and runway calculation
  • Outstanding debt, convertible notes, or SAFEs

Legal and IP

  • Material contracts with customers, suppliers, and partners
  • Employment agreements for key team members
  • IP assignment agreements for founders and contractors
  • Pending or resolved litigation summary
  • Regulatory licenses relevant to your sector

Verification and compliance

  • Fayda ID verification for founders and authorized signatories
  • MInT certification status (if applicable)
  • Tax registration and compliance records
  • ECMA-relevant disclosures for your fundraising stage
  • KYC documentation for major shareholders

Next steps

Use SEBL's free investment readiness assessment to score your records across these categories and see where to focus before your next investor meeting.

Score your readiness

Use the free assessment to see where your records stand across these categories before your next investor conversation.

Start free assessment