TechInAfrica – Olu Oyinsan, a tech investor and entrepreneur, has launched Oui Capital to support tech startups in Africa at seed stages through mentorship programs and a $10m venture fund. The mentorships will be delivered by technology and industry experts.
Oui Capital, a venture fund that has focused on the early stage of tech startups in three African regions, such as South Africa, Nigeria, and Kenya. The venture fund will soon be involved in pre-series A financing companies in several sectors: Mobility, Innovative Healthcare, FinTech, Education, and Two-Sided Marketplaces.
The venture fund aims at filling the imbalance gap between high-growth tech startups in Sub-Saharan Africa. In order to be given the opportunity, entrepreneurs are expected to Pitch for a Yes! and to register their startups via the website.
The launch of Oui Capital by Olu Oyinsan and Partners brings an opportunity for African tech startups to grow its productivity, viability, and scalability. Moreover, they will also have a chance to grow competitively in the global market.
Oui Capital is directed by Olu Oyinsan, the Managing Partner at Ingressive Capital that made investments in several African startups, such as Paystack, Wifi.com.ng, Ogavenue, Awabike, and so on. Meanwhile, Oui Capital is jointly founded by experienced partners in scalable tech companies.
“With Oui Capital, we will make funding available for early-stage technology startups on the continent. Africa is undergoing a transformation largely driven by technology- similar to the Asian boom of a decade ago which has created over 200 unicorns to date. It is pertinent that ventures like Oui Capital are available to finance this transformation to create wealth and impact,” said Oyinsan regarding Oui Capital.
He then highlighted that “We are mostly interested in companies which are solving real problems with scalable solutions, technology companies solving the everyday problems of Africa’s 1.2 billion people. Our very early-stage investments support startups with significant growth and impact potential.”
The founding venture partner, Francesco Andreoli said: “In speaking with over 100 technology entrepreneurs on the continent, we have realized that access to early-stage funding is just one of the major setbacks of building for scale. This fund combines the solutions to the two most pressing challenges of African entrepreneurs today- access to funding and lack of high-quality mentors/advisors.”
“Asides funding, Oui Capital has created a pool of mentors the world who are subject matter experts in critical need areas for young companies who also double as advisors available to its portfolio companies at no additional cost. The importance of this to a startup, especially in Africa, cannot be overemphasized. Our goal is to help entrepreneurs in every way possible to scale their impact. This is in line with the company’s slogan…” saying yes, one entrepreneur at a time.”
Oui Capital has experienced industry professionals on its advisory board, such as Shyam Kamadoli, the Managing Partner of AVG Blockchain Fund; Gbenga Oyebode, the Managing Partner of Aluko & Oyebode; and the Board Member of MTN and Access Bank PLC, among the others.