Ingressive Capital has unveiled an online platform for early stage founders of businesses in Africa to assist them with between $50,000 and $100,000 “First Cheque” in 30 days or less.
The move is for those that had initial traction (i.e. money, users, etc.) as well as a clear business model and high growth technology business targeting a scalable market with a team that is bright, hungry, and knows the market better than anyone else.
According to Maya Horgan Famodu of Ingressive Capital, “fundraising is difficult. We want to help the best and the brightest founders across Africa stay focused and keep building. We are looking for great ideas built by solid teams. No matter where you are in Sub-Saharan Africa, (please) apply. We are looking for the best of the best irrespective of who you know or where you are based.”
Also, his colleague, Yacob Berhane, noted: “We are looking for grinders. People who have an inclination to dream big and have real plans to actually get there.”
Ingressive Capital is sector-friendly. Interested persons with bias for scalable market could apply using this link.
The fund’s past investments include Paystack and Tizeti, which recently raised Series A investments as well as AwaBike and others.
In addition to being one of the few active seed stage VCs in the region, Ingressive Capital (IC) leverages its global network to assist growth.
Through IC’s network of limited partners, including those who run Y Combinator, Techstars and over 10 other top funds and accelerators, it helps companies get financial assistance from abroad.
The sister firm, Ingressive LLC, serves top international tech businesses and organisations seeking to operate in Sub-Saharan Africa or support and acquire local startups.
It has assisted over 50 global firms and investors to make over 30 investments in the region.
Equally, it holds a network of technical talents, including 10,000 developers and designers.
The network is leveraged to support portfolio companies as well.
Ingressive Capital aims to be one of the first cheques in.
Apply now and receive an answer in 30 days or less regarding investment in your business.