Nigerian female-led early-stage VC agency Aruwa Capital has introduced the primary shut of its $20 million early-stage development fairness and gender lens funding fund from international institutional LPs.
The fund’s first institutional and anchor investor is Visa Basis, adopted by different traders corresponding to Mastercard Basis Africa Development Fund, Nyala Enterprise, backed by Monetary Sector Deepening Africa Investments and main household companies from Africa, Europe and america.
The Fund will make investments $500,000 to $2.5 million in women-focused small and rising companies in Nigeria and Ghana, concentrating on investments in vital sectors corresponding to healthcare, fintech, renewable power, and important shopper items, the agency stated in an announcement.
Based in 2019 by Adesuwa Okunbo, the agency invests in modern companies, based or led by ladies or with gender-diverse groups, that present important items and providers to the quickly increasing feminine economic system.
Adesuwa began Aruwa to deal with the funding hole that women-led enterprises face in Africa. They comprise 40% of all small and medium enterprises (SMEs) but obtain just one% of startup capital as a result of lack of feminine capital allocators within the area.
Adesuwa began Aruwa to deal with the funding hole that women-led enterprises face in Africa. They comprise 40% of all small and medium enterprises (SMEs) but obtain just one% of startup capital1 as a result of lack of feminine capital allocators within the area.
Primarily based in Lagos, Aruwa has a crew of funding professionals and portfolio managers who leverage their worldwide experience and native networks to determine untapped funding alternatives. Thus far, the Fund has made six investments, committing over 45% of its capital right into a diversified portfolio of quickly rising corporations.