Ajim Capital has launched a $10,000,000 fund to invest in African tech startups.
With a goal to bridge the gap between entrepreneurs and the capital needed to grow their businesses, Ajim Capital’s fund will range from $25,000 to $150,000 to pre-seed to seed African-based tech-enabled companies.
Ajim Capital’s criteria for startups to take part in the fund include the potential for rapid growth and fast adoption. These startups must be able to provide excellent returns to investors and fill significant economic and infrastructure gaps for consumers and enterprises across sub-Saharan Africa.
These founders must also have former entrepreneurial or directly relevant industry experience, initial indications of product-market fit such as revenue or users, highly scalable software solution, and a potential 10x CoC return for investors.
Founding partner at Ajim Capital, Eunice Ajim, is a tech founder and an executive who has experience in startup funding and management, leading a tech startup of over $10,000,000. She is an expert in profit maximisation despite the competitive market condition.
Having met with over 100 African tech companies over the years, Ajim has participated as an angel investor in 10 of them. Some portfolio companies where she has invested in are Mono, Payhippo, TalentQL, Lemonade Finance, Bamboo, Payday, and Mecho Autotech. She targets focusing on developing the continent’s technology space and believes the best time to start is now.
Ajim Capital is inviting potential investors to reach out to them and aid in building Africa’s future in the tech space.