Tuesday
August 10
2021

Nigerian Angel Investor Olumide Soyombo Co-Launches Fund to Bridge Funding Gap for African Startups

By Njera Perkins

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)

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Entrepreneurship, Investing, Technology
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entrepreneurs, impact investing, startups, tech, technology