<aside> 🚀 We’re building the support ecosystem for Africa-focused Emerging Fund Managers

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A team photo from August 2023

<aside> <img src="https://prod-files-secure.s3.us-west-2.amazonaws.com/a7ddb263-12a5-4fdf-8819-0249ecb64aa5/f192e350-9ae6-4622-a97e-38e67bee9522/logo_avatar_2.png" alt="https://prod-files-secure.s3.us-west-2.amazonaws.com/a7ddb263-12a5-4fdf-8819-0249ecb64aa5/f192e350-9ae6-4622-a97e-38e67bee9522/logo_avatar_2.png" width="40px" /> Our mission is to advance the next generation of Africa-focused Emerging Fund Managers

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We believe Emerging Fund Managers, many who were founders and operators in Africa, are uniquely positioned to drive superior, inclusive returns for the continent while driving capital to underrepresented founders, geographies, and opportunities.

So we're building Obuntu Foundation to be their support ecosystem, there to give them the knowledge, community, and resources they need to succeed.

🤔 Why We Exist

• There’s still not enough capital to back amazing entrepreneurs across Africa. Africa’s VC total funding was US$6.5B in 2022. India saw funding of $20.9B in 2022. Africa’s VC industry is young but it has grown substantially in the last 5 years
• Many investing in Africa don’t have Africa experience. Today, much of VC investing in Africa is led by teams not dedicated to Africa (50%), with zero Africa experience (30%), and no startup experience (83%). But Africa is unique. With different economics, regulatory environments, digital user behaviour, and consumer patterns, local founders have adopted a different perspective to growth and profitability than Silicon Valley — that local investors are best suited to appreciate and resonate with
• There’s a new generation of VCs emerging. These Emerging Fund Managers have forged their careers on the continent: they’ve founded startups or have helped build them, they’ve worked for other VC firms, and have worked for corporates on the ground

⛑️ What We Do

• Our flagship initiative is the the Obuntu Launchpad Fellowship. It is an invite-only virtual Fellowship for (first-time) Emerging Fund Managers razor-focused on Africa. We select up to 15 Fellows and support them on their journey to launch and accelerate their (first) investment vehicle

Fellows from our inaugural Class, OL1

🏗️ Join A Foundation That’s More Like A Startup

Work with a diverse, experience-rich team. We are a small, but fantastic team of 4 made up of ex-Founders, Operators, Investors, and more. Our team has extensive experience, stretching from companies such as Mozilla, Google, Andela, On Deck, Standard Chartered, Catalyst Fund, as well as government ministries and think tanks.