Friday
January 14
2022

Ajim Capital Launches $10 Million Fund to Invest in African Startups

By Michelle Ezenduka

Ajim Capital, a venture capitalist firm based in the US has launched a $10 million fund to invest in African tech startups allowing entrepreneurs to focus on growing their businesses. 

According to the firm, the fund will provide checks of $25,000 to $150,000 to tech companies across the continent.  

As a result of technological advancements and subsequent increase in tech startups in Africa, the need for funding has arisen and Ajim capital has decided to be the push that Tech startups need to grow to become successful world-acclaimed companies. Notably, about $5 billion worth of investment was recorded in the African tech industry in 2021.

Photo courtesy of Christina @ wocintechchat.com.

Source: Nairametrics (link opens in a new window)

Categories
Entrepreneurship, Technology
Tags
emerging markets, entrepreneurs, entrepreneurship, global development, startups, technology, venture capital