Venture Capital firm, Ingressive Capital is calling for applications from early-stage tech enabled startups in Sub-Saharan Africa to apply for between N18 million ($50,000) and N36 million ($100,000) in funding.
As the venture arm of African investment advisory company, Ingressive LLC, Ingressive Capital makes pre-seed and seed investments in tech-enabled companies across various sectors.
And through business development, partnerships and financial support, Ingressive is able to work with these startups to grow and scale their businesses. So far, the VC firm has invested in 5 startups, including Paystack, Tizeti, OgaVenue, TaxiTV, and Awabike.
Now, it is offering funding for early stage startups with initial traction across Sub-Saharan Africa. These include startups in Fintech, Manufacturing, ISP (Internet Service Providers), Logistics and health-tech.
Interested startups should ensure they have a clear business model targeting a scalable market.
“Fundraising is difficult. We want to help the best and the brightest founders across Africa stay focused and keep building. We’re looking for great ideas built by solid teams. No matter where you are in Sub-Saharan Africa, apply. We’re looking for the best of the best, irrespective of who you know or where you’re based.”
Maya Horgan Famodu, partner at Ingressive Capital.
Asides the initial funding, Ingressive Capital also provides follow-on funding and partnerships with its own investor base. Many of them such as Y Combinator and Techstars run some of the leading funds in the world.
Selected startups will get a platform to showcase their solutions in front of thousands of techies, global investors and billion dollar tech companies. They will also get support in business development and design.
Applications for funding are open here. Applicants will receive a response within 30 days regarding investment.
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