Investments · Fundraising

Are there any investment firms in the US targeting Nigeria tech startup ecosystem ?

Taiwo Adeleke O

April 22nd, 2015

Just recently launched a social network platform for the undiscovered talentwe are based in nigeria.I would like to know if there are any vc's or angels looking to invest in Nigeria tech space or Africa as a whole?
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Marc Duke CMO in a box giving marketing support to start ups

April 23rd, 2015

Thanks for this question was looking into any VCs/fund in Nigeria as well so a timely post. Any info greatly appreciated

Durojaiye Dolapo Chief Executive Officer at EATSVILLE

April 23rd, 2015

It's a good thing this is coming up now... There are VCs and angel investors that have supported and are still supporting tech startups in Nigeria..Jumia Nigeria recieved funds from Morgan Chase for business expansion last year..The challenge is that because Nigeria in most respects is still developing information is not readily available.. You can try one of the Federal Government's loans and grants for SMEs too

James Dailey Senior Associate at Modulor LLC

April 25th, 2015

Taiwo  - I think you'll have more luck with domestic sources. For example, Dangote Foundation has started up a entrepreneurial financing vehicle and entrepreneur recognition program - out of their Abuja offices.  Legatum foundation is another.  

Charlene MPH CEO & Founder, ReciproCare, Halcyon Fellow

April 25th, 2015

Taiwo. A friend of mine recommended Omo Igiehon at Portals LLC.

I believe that Portals LLC is a consulting firm that coordinates teams responsible for foreign investment in emerging markets, including Sub-Saharan Africa. I don't know much about them, but it's probably worth finding out more.

portalsllc.com/investment/market-entry-support

Todd Ellermann Experienced I.T. Leader, CTO, and Creative Entrepreneur

April 22nd, 2015

Wow!  Going to be a tough hurdle to draw foreign risk capital when your countries reputation as an export is fraud and heartache.   Totally unfair to hold you accountable for 20 years of bad actors, but I fear you should be focused on boot strapping.  Also suggest if your target market is outside of Nigeria that you host and "base" yourself somewhere else.  You may find someone willing to take the risk if your investment comes in the form of services.  E.G. I have a few extra servers laying around and could fire them up to run your site with no risk and little effort.   You would also need to be far clearer about what you are looking for "investment'.  Although I think that violates FD's T's & C's.   Feel free to ping me offline. 

Taiwo Adeleke O

April 25th, 2015

Thanks @durojaiye..i will implement your suggestion, but you know how it is in naija though..just saying! 

Taiwo Adeleke O

April 25th, 2015

Thanks@ James, I will check the mouth,u guys have really been helpful..

Victor Aladekomo Partner at Pidux Limited

April 27th, 2015

Check these out; Leadpath.com.ng, 440.ng, http://www.ingressive.co

Marc Duke CMO in a box giving marketing support to start ups

April 27th, 2015

Victor - very handy - thanks

Gopi Mattel Director, Chennai Area at The Founder Institute

April 22nd, 2015

Yes, check out www.echovc.com