Home » Meet Cameroonian entrepreneur who launched $10-million fund to support African tech startups

Meet Cameroonian entrepreneur who launched $10-million fund to support African tech startups

by Feyisayo Ajayi

Eunice Ajim is a Cameroonian-American tech entrepreneur and serial investor with a wealth of experience in the tech industry.

She has a track record of leading businesses to successful and profitable positions in competitive markets and has previously co-founded two online marketplaces: OpenTeams, a platform for users of open-source software to connect with service providers, and DataGig, an on-demand marketplace for enterprises to hire data experts and vendors for big data and analytics projects. 

Prior to these ventures, Ajim worked as a product consultant and analyst at Apple and is also a graduate of the Founder Institute and SputnikATX programs, which teach the ins and outs of startup development and growth.

In addition to her successful career as an entrepreneur, Ajim is also dedicated to supporting and empowering the next generation of African founders, investors, and innovators on the continent and in the diaspora.

To this end, she has launched Ajim Capital, a venture capital firm based in the United States that invests in early-stage technology startups in Africa.

The firm believes that African entrepreneurs have the potential to create valuable tech businesses that can compete on a global scale and make a significant impact on the lives of Africans.

To further this goal, Ajim Capital has launched a $10-million fund to invest in African tech startups at the pre-seed to seed stage.

The firm plans to provide funding of $25,000 to $150,000 to at least 60 tech startups across the continent, allowing entrepreneurs to focus on building their businesses rather than worrying about funding.

The funding will go towards supporting startups with rapid growth potential that can provide impressive returns to investors and address major economic and infrastructural gaps for consumers and enterprises in Sub-Saharan Africa.

According to Ajim, the firm is looking to invest primarily in founders with previous entrepreneurial or directly relevant industry experience, and in startups that have initial indications of product-market fit, provide highly scalable software solutions, and have the potential to deliver 10-fold returns for investors.

Overall, her efforts with Ajim Capital are aimed at driving Internet adoption in Africa. By investing in and supporting African tech startups, the venture capital firm is helping to nurture the next generation of tech giants on the continent and creating shared wealth for investors.

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