AfriGloCal VC

🚀 "Some startups may also acquire others as their own way of expansion, not just being acquired. And I think that is the new way." - Mope Abudu at AfriGloCal VC 💡 A key takeaway from my research into adapting the venture capital (VC) model for Nigeria is the focus on innovative exit strategies to address the region’s challenging exit environment. Traditional IPOs and local M&A activity from corporates remain limited, prompting African VC firms to explore alternative routes. 💸 Secondaries have become a prominent exit channel, allowing early-stage investors to sell stakes to those focused on more mature startups. Additionally, startup-led M&A is emerging as an important exit avenue with successful startups developing into standalone corporations and acquiring other startups. There is growing collaboration across the continent among smaller startups as well. By acquiring each other they create larger entities with better chances of a successful exit. 🛣️ Finally, defining a clear exit rationale from the outset has proven essential. Identifying potential exit opportunities early helps startups align strategically and position themselves effectively for acquisition or IPO. As an example, Nichole Yembra at The Chrysalis Company highlights Paystack’s founders, who strategically positioned the company for acquisition by Stripe from the start, ultimately achieving a successful exit. --- ✅ In my thesis, "Adapting Venture Capital for Nigeria," I interviewed 10+ leading VCs who are driving Africa's VC transformation. If you'd like the executive summary and full research thesis, comment "DM” on this post. Stay tuned for the next key insight coming next week!

We value the partnership and continued relationship Lagos State Employment Trust Fund (LSETF) . More wins in the pipeline

The past week has been full of purposeful activities as an #Africanfocused #VC #fundmanager. Kickoff was the culmination of the 4 month-long Moremi II Accelerator program, excellently run by Kuramo Capital Management & generously sponsored by MEDA held in Cape Town SA. A well-rounded program with intentional exposure to the intricacies of Venture fund management as a #FemaleFundManager and the practical realities of the roadmaps towards success. All through the program, key support & insights were exchanged to guide on structural, technical, operational, deployment, value creation, exit strategies and key ingredients of successfully navigating fundraising! Great networking with fellow African Women fund managers forging close professional networks and friendships in our unified purpose. Then it was straight into the flurry of activities at #SuperReturn, a significant African investment PE/VC landscape event with opportunities to engage with #Investors #LP's #FoF #DFIs #GPs (other #Womeninvc), Government investment Vehicles and Ventures. Key panel tracks that resonated with me were; 1) Lesson from Emerging Markets around the world – delivered by William Bao Bean who articulated how solutions for Africa must be African and investing in home grown solutions are profitable with multiplier effects in its impact. He showcased local ventures with impressive results of growth & profitability. 2) Modern Family Offices – Abiola Adediran, MBA, FCA, FIMC, CMC & Yemi Osindero.  Insights into how African Family Offices are a key funding source not to be overlooked as they serve to fill the gap between VC’s & LP’s. They are critical in supporting ventures with their innate collective family expertise and network. Key take outs were alignment of objectives in terms of the fund structures presented. 3)Vitalising VC – Ola Brown, MFR Babacar S.  A spirited session showing how African ventures against all odds are delivering competitively and the VC ecosystem instrumental in their scale. There are exits in Africa and more are coming was the clear message here. 4) Women in Africa Networking Lunch - Kigali International Financial Centre and Fadilah Tchoumba of ABAN anchored this closed door event for Women GP’s only that demystified challenges and suggested solutions for female GP’s. and shared practical solutions that galvanize women across Africa into Angel investments and shared recent partnerships with KIFC. Got to see sights with trips to #TableMountain, a seven wonder of the world, Drum beating experiences, trips to local Cape Town, seaside and food delicacies. Great hanging out with fellow GP’s and LP’s, albeit a packed week with lots of to-do’s, collaborations, deal exchanges, co-investments and follow ups into the DM’s of the many engaged persons. Looking forward to a brighter fundraising and investment climate. Taolo Modisi, Phumi Morare Saskia Nysschens, Mukami K. Nadia Seemuth, Jenni Chamberlain, Amel Saidane, Linda Nanan Vallée AfriGloCal VC

Join our Managing Partner Mope Abudu as she discusses on #Genderlensinvestments at the 2nd Gender Impact Investment summit organised by the Impact Investors Foundation IIF

Investing in Digital Infrastructure for unconnected Communities goes beyond just financial returns. It's about building a more connected, equitable, and prosperous future for all of Africa. #DigitalInfrastructure #Connectivity #AfricaOnline #DigitalAfrica #AfricanStartups

Investing in Digital Infrastructure for unconnected Communities goes beyond just financial returns. It's about building a more connected, equitable, and prosperous future for all of Africa. #DigitalInfrastructure #Connectivity #AfricaOnline #DigitalAfrica #AfricanStartups

We are excited to introduce Mope Abudu as our Keynote speaker for our digital conference themed ‘Closing the Gender Digital Divide’ Mope Abudu Abudu is the Managing Partner of AfriGloCal VC Venture Capital, a VC firm positioned to back PreSeed/Seed stagged African focused FinTech and Digital Infrastructure/Technology enabled start-ups that combine Wealth Creation and GloCal visioning solutions driving impact and scalability within the Nigerian/West African environments. AfriGloCal VC leverages deal flow from Knight Ventures Accelerator and investor platform which she founded and also applies a gender balance lens investment focus. She is also the Managing Consultant of Knight and Bishop Consultancy Nigeria Limited an African focused and international footprint advisory firm focused on business growth and institutionalization. She is driven to enhance the digital economy benefits of the geo focused African countries where she operates through appropriate funding and investments and the appropriate business support for a winning business model that will yield impact and returns. She brings over 30 years valuable business management, transformation and investment experience gained in a variety of industries defining business models of start-ups and growth trajectories of scale-ups through expertise in data intelligence, product/market entry fit, African market expansion, customer development, technology infrastructure leverage, process methodologies, appraisal & pricing, capacity development, governance, and investment worthiness. Date: 29th of August 2024 Time: 12 Noon Venue: Teams Secure your Spot by registering using the link in our bio or below To register: https://lnkd.in/dbhZqhz5 #digitalconfernce #genderequality #gendergap #losodedigitalconference #fashion #Africanfashion #fashiondesigner #fashionstyle #fashionbusiness #fashionAfrica #businessowners #losodemarketplace

We are proud to introduce our KV cohort 4 startup; Grocircular Agro Services Limited. At Grocircular Agro Services Limited, innovation is at the heart of everything. They continuously push the boundaries of traditional agriculture, leveraging cutting-edge technologies and research to develop sustainable solutions that address the evolving needs of farmers and the environment.  From organic fertilizers to IoT devices for livestock monitoring, their products and services embody the spirit of innovation and progress. Founder: Dr. Rebecca Andeshi Co Founder: Rasheed Aliu

We are excited to introduce our KV cohort 4 startup AZAPAY. Founded by Jacquelyn Madu, AZAPAY equips businesses with the essential infrastructure to offer exceptional services to their customers. Their solutions cover both online and offline payment collection, seamlessly integrating wallet features with banking-like services. Whether through API integration, physical POS terminals, or the Soft Terminal mobile app, collecting payments at physical locations becomes effortless. Their customizable Payment Gateway and user-friendly Payment Link simplify online transactions for businesses of all sizes. Additionally, they have Wallet-as-a-Service features, such as fund transfers and bill payments, which ensure accessible and compliant financial services.  Empower your business with AZAPAY, making payment processes both affordable and efficient. Visit their website: www.azapay.ng #demoday #africanstartup #VC

Kleva HR is founded by Ayotunde Farinu and cofounded by Aladeojebi Modupe and Adebola Sanni. Today we would be putting the spotlight on KlevaHR, a cloud based Human Resource management software with the focus of updating and streamlinig HR process. Company Bio:  Who We Are: KlevaHR Solutions Limited is on a mission to revolutionize Human Resources Management across Africa. In a region where manual processes and paperwork still dominate traditional HR practices, KlevaHR is actively digitalizing these processes to offer a more efficient and streamlined experience for employers and employees alike. Our cloud-based HR management solution, KlevaHR , empowers businesses to automate and streamline their HR processes, reducing errors, time, and costs. Our Story: Recognizing the significant challenges faced by HR managers in Africa, KlevaHR Solutions Limited was founded to bridge the gap between traditional HR practices and modern, technology-driven solutions. Our journey led us to develop a platform that simplifies and enhances the entire employee lifecycle—from recruitment to retirement. By integrating modules for timekeeping, project management, performance evaluation, leave administration, payroll, employee loans, and more, KlevaHR aims to transform how HR departments operate. Why We Do What We Do: Our commitment to revolutionizing HR in Africa stems from a desire to create more productive and engaging work environments. We believe that by providing HR managers with the tools to retain and empower their workforce, we can foster a more productive work culture. Our unique ‘buy what you need’ model allows organizations to select the modules they require, ensuring that our solutions are tailored to their specific needs. By saving HR managers over 12 hours per week, our platform allows them to focus on what truly matters—engaging and empowering their teams. Learn more about KlevaHR as they showcase their product at the cohort 4 demo day this Friday, 16th of August 2024. #klevarhr #humanresources #africanstartup