Innovate Africa Launches with $2.5M Angel Fund for Early-Stage Africa-Focused Startups
Innovate Africa, an angel investment fund, has launched with an initial $2.5 million rollout. The fund aims to support up to 20 startups in its first year to solve complex problems in Africa with purpose-driven technology.
"You need a sprinkle of delusion to make it as a founder" — Olu Oyinsan, Managing Partner, Oui Capital
Nigerian VC firm, Oui Capital, launched its second fund for African founders. Tosin Eniolorunda, Co-founder and CEO of Moniepoint, was among its limited partners.
Early-stage startups, constant support: Oui Capital’s thinking behind investing in Africa
Oui Capital has backed 21 African startups, some of which have reached a market value of over $1 billion. The fund focuses on fintech, software-as-a-service, digital commerce, and healthtech startups.
