Both accelerators and startups in Africa often lack access to capital. That's why Village Capital recently launched a program for empowering African startups with much-needed investment. The initiative aims to address the funding gap faced by entrepreneurs in the region and support them in scaling their businesses.
From Sept. 18 – Sept. 25, Jamie Mukka and Michelle Mukka secured funding from Centra Credit Union, highlighting the importance of financial support for small businesses. Walter Cox and Jason Stephens also received investments, showcasing the diverse range of entrepreneurs benefiting from capital infusion.
Women entrepreneurs often face an arduous journey in getting funding due to deep-rooted societal and cultural biases. Village Capital is committed to promoting gender equality in investment opportunities by supporting female-led startups. The organization recognizes the untapped potential of women in driving innovation and economic growth.
Crop2Cash recently secured investment from Village Capital to empower smallholder farmers in Africa. The $350,000 funding will enable the startup to expand its reach and impact in the agricultural sector, improving livelihoods and food security in the region.
Female founders receive just 2% of venture capital in Africa, highlighting the need for more inclusive investment practices. Village Capital's support for startups like Kenyan e-health startup Benacare and Zambian fintech Mighty Finance demonstrates its commitment to leveling the playing field for underrepresented entrepreneurs.
Startups like Benacare and Mighty Finance will receive investments of $350,000 and $500,000, respectively, through Village Capital's Reducing Inequalities Investment program. These funds will enable the companies to scale their operations and make a positive impact on their communities.
Cove Capital Investments Founding Partners, Dwight Kay and Chay Lapin, provided insights into their investment strategies, emphasizing the importance of supporting early-stage ventures. Village Capital's focus on early-stage investment aligns with the mission of fostering innovation and driving economic development in emerging markets.
Village Capital, a global nonprofit organization focused on early-stage investment, has backed startups like Aquarech in Kenya and Coamana in Nigeria. The organization's investment in these companies underscores its commitment to supporting innovative solutions to local challenges and promoting sustainable growth.
