Female-focused angel fund FirstCheck Africa has launched operations, planning to invest up to US$25,000 “ridiculously early” in women with bold entrepreneurial ideas.
Launched by Endeavor Nigeria managing director Eloho Omame and PiggyVest co-founder Odunayo Eweniyi, FirstCheck launches with a mission to advance equity, capital and leadership for a generation of women in Africa through technology and entrepreneurship.
The fund will invest up to $25,000 in “ridiculously early” startups, and is also working on developing the middle tier of female angel investors, by building a community of millennials and mid-career women that want to learn about tech and angel investing and put their money into venture-backed technology companies in Africa.
“We want to make it easier for women in Africa to raise venture-backed capital and invest in technology startups. We’re creating a future where women have an equal hand in leading and shaping the continent’s future through technology & entrepreneurship,” the fund said.