12 °c
London
Tuesday, November 28, 2023
No Result
View All Result
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About
No Result
View All Result
FurtherAfrica
No Result
View All Result
Home Africa

Pacer Ventures set to solve the funding gap for African startups

TechGist Africa by TechGist Africa
November 16, 2020
in Africa, Agriculture, Education, FDI, Finance, Financial Inclusion, Health, Investing, Startup, Venture Capital
Reading Time: 2 mins read
0 0
0

Pacer Ventures recently launched a US$3M fund for early-stage startups. Their aim is to solve the most critical problem on the continent.

Registered in Delaware, U.S.A, operating in Lagos, Nigeria, and Johannesburg, South Africa, Pacer VC’s focus is on verticals that are expedient to the African continent. Involving healthcare, financial inclusion, education, and agriculture.

Gbemi Akande, a General Partner at Pacer Ventures said, “We see a huge opportunity to support early-stage founders who are making meaningful contributions to their local economies and communities by leveraging the high mobile penetration on the continent.”

The firm has already commenced supporting early-stage founders by participating in seed rounds, including, VPD, Money, AI (Analytics Intelligence), Farm 365, and Learn Power.

Having a regular cheque size of six figures Pacer Ventures utilizes its Position to add substantial value to its portfolio companies.

“We won’t just write a cheque, we will enable founders to work in and on their business, by supporting them along every step of their journey, with resources and access to markets,” said Antoinia Norman, general partner at pacer ventures in charge of Southern Africa.

Also read: Salesforce Ventures announce US$100M impact fund for African tech start-ups

General partners of Pacer Ventures have 30 years of combined experience in entrepreneurship and start deal flow sourcing.

“Dealflow Sourcing consists of the two words “Dealflow” which can be investment proposals and “Sourcing” the selection and acquisition of these.

This term essentially deals with the possibility of obtaining investment opportunities and is aimed primarily at investors.

Especially young companies need financial support to establish themselves successfully in the market.

They either receive it from companies that are interested in investing in their innovations and want to cooperate with the startups or by venture capitalists.” (Aumentoo, 2020).

The key difference is the fund’s focus on sourcing high potential African startup, leveraging its strategic partnership with Founder Institute in Africa as a funnel.

According to Chukwuemeka Agbata, Regional director of Founder Institute in Africa and co-founder of techbuild.africa, “This collaboration with Founder Institute gives us an undeniable edge particularly with quality deal-flow at an early stage and we will leverage this to spread our footprint quickly”.

“We are leveraging our in-depth experience in startups and ecosystem development to take advantage of the early-stage funding gap in Africa.” Geoffrey Weli-Wosu, General Partner at Pacer Ventures and Co-Founder of VoguePay and Domineum commenting on the Pacer VC investment thesis.

Original article on Tech Gist Africa

Related

Tags: africaAfrican startupsFDIFinanceforeign direct investmentFundingfunding roundPacer VenturesPacer Ventures set to solve the funding gap for African startupsSeed FundStartupventure capitalафрикаأفريقياアフリカ非洲
TechGist Africa

TechGist Africa

Tech Gist Africa is a leading online technology and digital media outlet, dedicated to providing latest tech news, product launch, startup news across.

Related Posts

Gender

AFAWA Finance in Kenya to plug $42B women financing gap

by The Exchange
November 28, 2023
Finance

Nigeria Central Bank to tighten policy to curb inflation

by FurtherAfrica
November 28, 2023
Business

EthSwitch pre-tax profit jumps a record 172%

by FurtherAfrica
November 28, 2023
COP 28

COP 28: Mozambique positions large hydro project to anchor energy transition

by Elizabeth Khumalo
November 28, 2023
Communications

Egypt to build undersea interconnection cable with Europe

by Energy Capital & Power
November 28, 2023
Mozambique eVisa
 
MozParks

Translate this page

Read the Latest

Gender

AFAWA Finance in Kenya to plug $42B women financing gap

by The Exchange
November 28, 2023
0

The AFAWA initiative seeks to increase women’s access to finance in the continent by bridging the $42 billion financing gap...

Read more

Nigeria Central Bank to tighten policy to curb inflation

November 28, 2023

EthSwitch pre-tax profit jumps a record 172%

November 28, 2023

COP 28: Mozambique positions large hydro project to anchor energy transition

November 28, 2023

Egypt to build undersea interconnection cable with Europe

November 28, 2023

FurtherAfrica Partners Network

The Exchange Farmers Review Africa 360 Mozambique
TechGist Africa Energy Capital & Power Club of Mozambique
Taarifa Rwanda Web3Africa See Africa Today
Africa Global Funds Novafrica CrudeMix Africa
Harambee Africa Botswana unplugged Financial Insights Zambia
O Económico Digilogic Africa  

Subscribe to FurtherAfrica

Enter your email address to receive new articles on your email.

Join 107.2K other subscribers
FurtherAfrica

© 2021 FurtherMarkets

FurtherAfrica is a FurtherMarkets Limited platform

  • Countries
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About

Follow Us

No Result
View All Result
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About

© 2021 FurtherMarkets

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?