Ajim Capital has launched a $10 million fund for African tech companies. The African tech market is growing considerably, but investors are still finding it hard to fund tech startups, hence, Ajim Capital has decided to launch a $10 million fund to invest in African startups in tech. This will allow entrepreneurs to focus on building their businesses instead of worrying over funds.
The fund will give checks of $25,000 to $150,000 to pre-seed, to seed tech-enabled companies across the continent. Ajim Capital is looking for startups that fit into the description of their established criteria – rapid growth potential and fast adoption. They are interested in companies that can provide amazing returns to investors and that will fill significant economic and infrastructural gaps for consumers and enterprises across sub-Saharan Africa.
The Capital is also keen on considering investors or founders with entrepreneurial experiences or experiences that are in line with their technology.
Eunice Ajim, the Founding Partner of Ajim Capital said, “We invest primarily in founders with former entrepreneurial or directly relevant industry experience, initial indications of product-market fir (e.g revenue or users), highly scalable software solution, and a potential 10x CoC returns for investors”.
Founding Partner of Ajim Capital, Eunice Ajim was born in Cameroon, she moved to the US in 2011. She is a 2x tech founder and an executive with experience ranging from management and start-up funding to leading more than a $10M tech start-up. She has the proficiency to lead a company to profits in a competitive situation or environment.
Being a committed woman, Eunice Ajim has met with more than 100 African tech companies and has angel invested in 10 of them in the past year. Some of her angel investments include Mono, Payhippo, TalentQL, Bamboo, Payday, Mecho Autotech and, Lemonade Finance. The passionate entrepreneur and angel investor want to focus on developing the continent’s technology space. She believes that the best time to do so is now.
Ajim Capital invites potential investors to reach out to them and help in building the future of Africa’s tech space.
Ajim Capital Launches $10M Fund For African Companies In The Tech Space
