OpenseedVC, an early-stage venture capital (VC) firm, has successfully reached the first close of its $10 million fund dedicated to supporting early-stage startups across Africa and Europe. This fund marks OpenseedVC’s inaugural investment vehicle, with plans for a second close by May of next year.
Investment Focus and Strategy
OpenseedVC will deploy capital to back founders who demonstrate domain expertise in various sectors. The firm aims to invest up to $150,000 in startups operating within B2B software, artificial intelligence, fintech, digital health, and the future of work. Notably, OpenseedVC has already made undisclosed investments in two artificial intelligence startups—one based in Nigeria and the other in the UK.
Seasoned Professionals and Support
OpenseedVC’s strength lies in its network of over 50 seasoned professionals, each possessing extensive expertise in their respective investment sectors. These professionals collaborate closely with the VC firm’s team to provide valuable guidance and support to founders throughout their entrepreneurial journey.
Global Reach
While headquartered in London, OpenseedVC maintains a global outlook. The firm actively invests in both European and sub-Saharan African startups, aiming for an equitable distribution of investments across these regions.
OpenseedVC’s commitment to fostering innovation and empowering early-stage entrepreneurs positions it as a key player in the dynamic startup ecosystem. As the fund continues to grow, it seeks to catalyze transformative ventures that address real-world challenges and drive positive impact.