Ajim Capital Launches $10 million Fund to Support African Tech Startups

Early-stage fund and angel community, Ajim Capital, has launched a $10 million fund to invest in African tech startups. This will go a long way to help entrepreneurs focus on growing their businesses without worries over funding.

The fund will provide checks of $25,000-$150,000 to pre-seed to seed tech-enabled companies across Africa. Ajim Capital as part of its established criteria is seeking startups with potentials for rapid growth and fast adoption. The community is also looking out for businesses that can provide excellent returns to investors and that fill significant economic and infrastructure gaps for consumers and enterprises across Sub-Saharan Africa. 

Eunice Ajim, Founding Partner of Ajim Capital said, “We invest primarily in founders with former entrepreneurial or directly relevant industry experience, initial indications of product-market fit (e.g., revenue or users), highly scalable software solution, and a potential 10x CoC return for investors.”

Born in Cameroon before moving to the US in 2011, Eunice Ajim is a two-time tech founder and an executive with experience ranging from start-up funding and management to leading a $10M+ tech startup. She is also known for her expertise to lead a company to profits in a competitive environment. 

Eunice has also met more than 100 African tech companies and has angel-invested in 10 of them in the past year.

Some of the benefactors of her angel investments include the likes of Payhippo, Lemonade Finance, Bamboo, TalentQL, and Mono.