Ingressive Capital (IC) will now get back to startups within 30 days of their online application to the Africa-focused venture capital fund.
"Fundraising is difficult", says Maya Horgan Famodu—Partner, Ingressive Capital.
The time spent applying for funding and waiting for a decision could detract entrepreneurs from actually building their startup. Hence, it makes sense for IC to commit to a predictable response time on whether or not they will be proceeding with a startup.
"We are targeting 30 days for the yes—agreement signed and funds sent. Founders we do not move forward with will be notified before this", Maya told Benjamin Dada.
Ingressive Capital which invested in Awabike's pre-seed round is constantly hunting for early-stage pan-African startups with a decent traction, an emerging business model, and a hungry team.
We are looking for grinders. People who have an inclination to dream big and have real plans to actually get there.
Founded in 2015, Ingressive Capital has in its portfolio the likes of Paystack, and Tizeti both of which have now raised a Series A round of funding.
What does Ingressive Capital offer startups?
Ingressive Capital offers funding, access to a network of mentors and technical talent via their sister company Ingressive LLC.
Ingressive LLC, serves international tech businesses and investment funds seeking to enter and operate in Sub-Saharan Africa, or support/acquire local startups. Ingressive LLC has served more than 50 global firms and investors who have gone on to make over 30 investments in the region. They also hold a network of technical talent including 10,000 developers and designers.
So, when startups get accepted by Ingressive Capital, they get access the following specifically:
- pre-seed to seed funding between $50,000 to $100,000
- access to technical talent of about 10,000 including designers and developers
- mentorship from partners at global accelerators like Y Combinator, and TechStars that help IC portfolio companies get follow-on funding
For local support, please contact the following regional representatives:
Founders can apply to Ingressive Capital now.