New Investments
New VC Firm OpenseedVC Announces First Close of $10 Million Fund to Back Early-Stage African Operators
OpenseedVC, a recently launched venture capital firm, has secured an initial closing for its $10 million early-stage fund.
The fund will focus on backing startups in Africa and Europe founded by experienced technology operators.
OpenseedVC’s unique approach prioritizes founders with deep industry knowledge who are transitioning from operational roles to launch their own ventures.
“We understand the challenges faced by operators who are making the leap into entrepreneurship,” said Maria Rotilu, General Partner at OpenseedVC. “Our goal is to provide them with the capital, guidance, and network needed to succeed.”
OpenseedVC offers more than just funding. The firm boasts a network of over 50 experienced operators across software engineering, product development, go-to-market strategies, and talent acquisition. This network will serve as a valuable resource for portfolio companies.
The fund’s investors themselves are a diverse group, including founders, professionals from established businesses, and high-net-worth individuals from Africa, Europe, and the United States.
Over the next five years, OpenseedVC plans to invest in over 60 startups with a focus on B2B software, AI applications in fintech, productivity tools, and digital health solutions.
The firm will typically invest up to $150,000 in each company and has established an open application process, allowing founders to apply directly without needing an introduction.
OpenseedVC has already invested in two companies, including a speech-to-text technology solution designed specifically for under-represented African accents.
Looking forward, the firm is committed to building a diverse portfolio that includes a strong representation of female founders.
“We recognize the importance of portfolio diversification,” said Rotilu. “Our focus is on geographic spread, industry sector representation, and achieving a 50/50 gender balance among co-founding teams.”
OpenseedVC’s emphasis on operator-led ventures and its commitment to diversity position the firm as a unique player in the African and European early-stage investment landscape.
Related Articles
Register Now
Empower Africa Times Newsletter
Share :
“We are delighted to partner with ISA to support the development of solar energy in Africa,” said Alain Ebobissé, CEO of Africa50. “This partnership will help to accelerate the deployment of solar energy in Africa and improve the lives of millions of Africans,” he added.
You may also like...
TowerCo of Africa Uganda Secures $40 Million Investment to Expand Rural Mobile Network Coverage
TowerCo of Africa Uganda, a telecommunications infrastructure company, has secured $40 million in long-term financing to improve mobile phone network coverage in rural areas across the East African nation.
TomorrowNow Secures $5 Million to Impact 20 Million Farmers in Africa With Weather and Climate Data Services
TomorrowNow, a non-profit organization dedicated to enhancing climate resilience in Africa, has secured an additional $5 million grant from the Bill and Melinda Gates Foundation.
Logidoo: Rising Star in African Logistics Secures $1.55 Million Seed Funding
Logidoo, a leading player in the African logistics and e-commerce space, has announced a significant seed funding boost of $1.55 million.