As capital becomes a commodity with more early-stage investors flocking to Africa, what will make us stand out will be our networks, relationships, and reputations.
What we look for
- Large Markets: A clear market opportunity that is massive and growing, captured through a scalable business model. We aim at reaching sustainable impact across a large audience by addressing deep markets, or investing in market-creating innovations.
- Scalable Economics: Tech-enabled businesses with proven, highly leverageable and defensible revenues, coupled with the ability to improve unit economics through cost and capital efficiency are able to achieve top-trend growth more easily than less efficient business structures. We are disciplined in ensuring the unit economics of the business we invest in are sustainable and attractive.
- Strong Agile Teams: We are looking for founders that combine strategic vision and executional capacity. Strong teams tend to be bound by a cohesive, inclusive, all-hands-on deck culture. We are seeking founders and teams guided by a clear value proposition and differentiated position in the market.
- Repeatable Growth: Solutions with highly replicable growth models and transferable problem-solution sets can most benefit from our growth investment and market expansion facilitation. As African markets are not uniform, we carefully model and test solution-market fit.
How much funding will you get?
If you are an African founder of a tech enabled startup that is solving a significant African development challenge please apply here. If you have little or no revenues, we will refer you to our Angel Fund for $10k to $100k funding consideration. If you have meaningful revenues with high growth potential, we may invest $50k-$250k.