Can Aduna Capital’s $20m fund bring northern Nigeria’s tech ecosystem into the foray?
- Surayyah Ahmad and Sanusi Ismail announced the launch of Aduna Capital, a $20 million fund targeted at early-stage tech founders in northern Nigeria.
- The fund aims to address the lack of support and funding for startups in the region.
- Aduna Capital has a strategic focus on female-founded startups and plans to co-invest with local VCs across Africa.
The launch of Aduna Capital is a significant step towards addressing the funding gap for startups in northern Nigeria. The focus on female-founded startups is commendable and aligns with the data showing their higher return on investment. Co-investing with local VCs will help navigate the diverse African market and unlock untapped opportunities.
