Ajim Capital – a venture capitalist company resident in the US has launched a $10 million fund capital to invest in African tech startups allowing continental entrepreneurs to focus on growing their businesses.
The firm said that the funds provided would from $25,000 to $150,000 companies across the African continent.
Following the technological advancements and increase in tech startups in the continent, Africa’s need for funding has arisen, thus, Ajim Capital has decided to push tech startups to successful world acclaimed companies.
Recalling in 2021, about $5 billion worth of investment was recorded in the African tech industry and this also influenced the venture capitalist company’s decision to fund tech startups that shows potential for rapid growth and can provide excellent returns to its investors.
The consideration for startups would also be based on its founders who have gainful entrepreneurial experience in the technology relating to their industry. This would show signals of a good and direct market fit and high scalable software solution.
According to Ajim Capital, the company also has to fill significant economic and infrastructural gaps for consumers and enterprises across sub-Saharan Africa.
About Ajim Capital
Ajim Capital was founded by Eunice Ajima the founding partner of Ajim Capital, born in Cameroon and moved to the US in 2011.
Ajima is a 2x tech founder and an executive with experience ranging from start-up funding and management to leading an over $10 million tech startup.
Ajim Capital has invested in several companies like Mono, Pay Hippo, Talent QL, Lemonade Finance.