TLDR:
- OpenseedVC has officially launched as a fund to invest in operators starting their technology companies.
- They have secured $10 million for their angel-style early-stage fund.
Summary
OpenseedVC, a new operator-led fund, has launched with the goal of being the first investor in seasoned operators starting their technology companies in Africa and Europe. The fund has secured $10 million for its angel-style early-stage fund. It is backed by LPs such as founders, operators, and HNIs across Africa, Europe, and the US. OpenseedVC will offer starter cheques up to $150,000 and access to a network of over 50 seasoned experts to support operators in launching their technology companies. The fund will focus on investing in B2B Software, AI, Fintech, and other sectors like Future of Health & Work to align with the UN Sustainable Development Goals.
The fund is founded by General Partner Maria Rotilu, who aims to invest in experienced operators launching their technology companies. Maria has extensive market expertise from scaling multinational technology start-ups like Uber and Branch. OpenseedVC has made its first two investments in the Future of Commerce and Health sectors.
OpenseedVC operates at a sweet spot where start-ups with strong potential receive support from operators with domain expertise. The fund is open to domain experts, seasoned operators, and first-time founders. The current fundraising climate is challenging for early-stage founders, making OpenseedVC’s support crucial for launching successful technology companies.
The fund offers a much-needed opportunity for operator talent to access support in a time when global early-stage equity funding is experiencing significant contractions. With applications currently open, start-ups in Africa and Europe can apply for funding through the OpenseedVC website.
