Olumide Soyombo, a known African angel investor has announced the launch of Voltron Capital, a pan-African venture capital firm which he co-founded with Abe Choi. Soyombo has invested in over 30 African startups including Mono, PiggyVest, Spleet, Migo, TeamApt, and Paystack.
Voltron Capital will provide funding for about 30 early-stage startups across Nigeria, Kenya, South Africa, and Northern Africa. The ticket size of the investment will range between $20,000 and $100,000 per startup,
Commenting on the launch of the new venture capital firm, Soyombo said: “Voltron Capital is the beginning of another incredibly exciting journey for I and Abe, but it is also a celebration of the road Africa’s entire tech space has traveled to date.
“We hold a track record of identifying and supporting some of Africa’s most high-growth startups to date with capital at the pre-seed stage and also hold long-established relationships with corporates and regulators, which can make what can often be a difficult path for African startups much smoother.
“We want the next wave of African tech success stories to not only make an impact on the continent but to be truly global; through Abe’s strategic connections to the USA, we’re confident we can provide our portfolio with the best possible opportunities to achieve this through our US and global network. ”