Velocity Digital is a pre-seed stage Africa-focused investment firm, backing founders who improve how Africans trade, work, and pay.
We operate with a commitment to respecting founders’ time and increasing transparency around deals through detailed investment memos. While these memos help us better understand the companies we back and the rationale behind each decision, they lengthen time-to-decision.
As we work towards greater efficiency in arriving at well-informed investment decisions, we are hiring a Due Diligence Fellow.
Role Overview
The Due Diligence Fellow will support the investment process from assessing startups once they enter our pipeline to investment memo completion.
The ideal candidate is:
A student pursuing their Master's of Science or Business Administration looking to gain exposure into venture capital.
Familiar with African tech, startups, and venture capital.
Curious, taking nothing at face value—asking questions and challenging assumptions.
Research-driven, going beyond surface-level and AI analysis to build conviction in investment decisions.
A clear written communicator, capable of breaking down complex ideas in a straightforward way.
Detail-oriented, consistently producing thorough, reliable work for investment decisions.
Confident in executing a process with minimal oversight.
Key Responsibilities
Pre-Due Diligence
Review and assess inbound startup submissions for investment fit.
Present promising deals at pipeline review meetings to help determine next steps.
Join founder calls to gather decision-useful insights.
Due Diligence
Support the preparation of detailed investment memos—conducting research and analysis on the industry background, market, problem, solution, traction, and other key areas.
Join founder calls to assist in memo completion.
At Both Stages
Prepare follow-up communications when moving a startup through pipeline stages.
Identify opportunities for process improvement and automation, working with—but not limited to—Notion, our intake form platform, funding databases, and AI tools.
KPIs
Throughput Time from Submission to Decision
Measures the time taken (days/weeks/months) for deals to progress from the beginning of the pipeline to a final investment decision (pass, keep in touch, deploy capital). Your performance may be measured against this directly. Specific KPIs will be discussed upon joining the team.
Milestones and Deliverables
First 15 Days
Present one deal during a pipeline review meeting.
Conduct a full audit of the investment process, identifying strengths, weaknesses, and opportunities.
By Month 2
Present two deals per week during pipeline review meetings.
Contribute to the completion of at least one investment memo.
Attend founder meetings.
By Month 4
Present all qualified deals during weekly pipeline review meetings.
Contribute to the completion of at least one investment memo per month.
Attend founder meetings.
🚀 Think you’re the right fit to support our increasingly rigorous investment process?
We’d love to meet you!