Eloho Omame, the Managing Director of Endeavor Nigeria and Odunayo Eweniyi, the Co-founder/Chief Operations Officer of Piggyvest, have launched FirstCheck Africa, a female-led angel fund that invests in early-stage female African startups.
The new angel fund aims to make it easier for women in Africa to raise venture-backed capital and invest in technology startups.
Additionally, it is creating a future where women have an equal hand in leading and shaping the continent’s future through technology & entrepreneurship.
According to a medium post announcing the launch, FirstCheck Africa will invest up to $25,000 in each female founders that are supported at the ideation stage, working to help them raise a significant pre-seed round within 12 months.
The new angel fund hopes to address important problems that have the potential to be nurtured to become impressive, for-profit startups addressing significant pan-African markets.
FirstCheck Africa’s mission is “to advance equity, capital, and leadership for a generation of women in Africa through technology & entrepreneurship”, and our north star is to be the earliest believer for women entrepreneurs in Africa.
Also, starting in February 2021, the new angel fund will host virtual information sessions and AMAs about FirstCheck Africa.
You should plan to join one of these events if:
- You’re a woman in Africa with an idea for a technology startup, even if you’re still super early in your research.
- You’re a woman in Africa, and you’d like to build your own startup one day, no matter how vague the idea or how distant in your future.
- You’re interested in learning more about the FirstCheck Africa investor community.
- You’re interested in hearing about ways to partner with us.
