VC4Africa Lists Top 10 Entrepreneurs For Investment Cohort

VENTURES AFRICA – Venture Capital for Africa (VC4Africa), the continent’s leading venture capital community, has announced a new cohort of 10 top fundraising entrepreneurs, as it seeks to attract the necessary financial support for the most promising start-ups in the region. The start-ups listed include Able Wireless Company, FastCashier, Kiro’o Games, LPM/L’Espace, Mellowcabs, MMABON’, Mobile Charging Kiosk, My eCampus, Rethink Education, and Save & Buy. The founders are backed by quality teams and are running established companies, in many cases generating revenue. Over the next 3 months, VC4Africa – the largest network of African SME focused investors – will work with the selected entrepreneurs to further strengthen their business cases and facilitate introductions to VC4Africa’s Investor Network. The 10 selected teams have gone through a rigorous screening process, with the final selection done by a selection committee comprised of seasoned entrepreneurs including Victor Asemota of Afrinnova, Lot Carlier of African Media Ventures Fund, Ory Okolloh of the Omidyar Network, Sean Smith of Invested Development, and Samuel Ssenyimba of LGT Venture Philanthropy. “We saw some promising opportunities that with the right support and mentoring will be able to refine their business model and better highlight their unique selling point. There is potential to attract some key early stage funders”, says selection committee member Samuel Ssenyimba. The 10 selected companies require investments between $10, 000 and $1 million and are based in Nigeria, South Africa, Kenya, Ghana, Cameroon and Rwanda. Venture Capital for Africa focuses on “connecting people and ideas on a peer-to-peer level”. It is the continent’s lending founder’s network, the continent’s largest and fastest growing community of entrepreneurs and investors building promising companies in Africa. Venture Africa