TLDR:
- Sim Shagaya, founder of uLesson, is launching “The Honey Badger Fund” to invest in African entrepreneurs.
- The fund aims to support technology-powered projects that positively impact Africa.
Article Summary
Sim Shagaya, the founder and CEO of uLesson, is entering the venture capital space with the launch of “The Honey Badger Fund” (HBF). This fund is designed to invest in African entrepreneurs who are working on technology-powered projects that have a positive impact on the continent. Shagaya’s previous ventures include uLesson, an edtech platform launched in 2019, and Miva, an open university established in 2023.
Before launching these ventures, Shagaya founded Konga, an eCommerce platform in 2012, and oversaw several funding rounds totalling $127 million. uLesson, Shagaya’s educational platform, has raised a total of $25.6 million in funding over four rounds, with the most recent round led by US-based Owl Ventures. Additionally, Shagaya’s Miva Open University offers undergraduate courses in various fields, including computer science and economics.
Shagaya’s decision to launch “The Honey Badger Fund” comes with a commitment to helping extraordinary Africans build successful businesses and navigate the challenges of business leadership. While details about the fund’s operation have not been disclosed, Shagaya expressed eagerness to work with entrepreneurs through the fund and shared his anticipation of meeting potential partners.
