Nigerian Angel Investor Olumide Soyombo Co-Launches Fund to Bridge Funding Gap for African Startups
After years of investing on his own, Nigerian angel investor Olumide Soyombo is launching his own venture to support African-based startup companies.
According to TechCrunch, Soyombo — a known high profile angel investor in Nigerian tech and African startups — today has announced the launch of Voltron Capital — a Pan-African venture capital firm co-founded with Abe Choi — which will invest in pre-seed and early-stage companies in Africa.
The outlet also reports that Soyombo’s goal for the new firm — which aims to start off with 30 startup investments — is to ultimately “address the severe lack of access to early-stage funding for African tech companies.” The investment sizes will range from $20,000 to $100,000 and focus on startups based in Nigeria, Kenya, South Africa and North Africa.
Source: AfroTech (link opens in a new window)
- Investing, Technology
- impact investing, startups