Namibia’s Bellatrix Launches USD 10 M Ndjaba Seed Fund For Startups

Bellatrix Investment Managers, a Namibia-based alternative investment firm, has launched the Ndjaba Seed Fund, a USD 10 M venture capital vehicle targeting early-stage startups across Southern Africa.

Founded in 2020 and led by Managing Director Jesaya Hano-Oshike, Bellatrix aims to address the region’s acute early-stage funding gap, where sub-USD 1 M deals attract minimal capital.

The fund will back 35–50 startups across sectors, including fintech, agritech, healthtech, clean energy, and enterprise software over a 10-year horizon.

Ticket sizes range from USD 25 K to USD 350 K, with follow-on funding available. Beyond capital, the fund will provide mentorship and operational support, leveraging the Basecamp Business Incubator to strengthen pipeline development and ecosystem growth.