*Data updated daily at 18:00 EAT
Ajim Capital has launched a USD 10 Mn fund to invest in African tech startups, allowing entrepreneurs to focus on growing their businesses instead of worrying about funding. The fund will provide checks of USD 25 K to USD 150 K to pre-seed to seed tech-enabled companies across the continent. Ajim Capital is looking for startups that fit their established criteria – potential for rapid growth and fast adoption.
The company is targeting companies that can provide excellent returns to investors and that fill significant economic and infrastructure gaps for consumers and enterprises across Sub-Saharan Africa. They are keen on considering founders with entrepreneurial experience or experience in the industry relevant to their technology.