OpenseedVC, a new operator-led fund seeking to be first investors in seasoned operators starting tech companies across Africa and Europe, has officially launched, announcing the first close of its US$10 million angel-style early stage fund. “As an operator, and investor, I have encountered incredibly talented and experienced operators, and the challenges faced as they try to launch their startups. Operators have the advantage of domain expertise, and unique insight into large problems that can be tackled with innovative technology. The experience seasoned operators bring in terms of business building, combined with the dynamism and hustle that founders possess, is the focus for OpenseedVC,” said general partner Maria Rotilu. “The current difficult fundraising climate is especially harsh for early-stage founders, but we believe incredible companies are born in the most difficult macroeconomic climates.

Source: The North Africa Journal May 21, 2024 06:38 UTC