PiggyVest co-founder, Odunayo Eweniyi and Endeavor Nigeria managing director Eloho Omame have launched , FirstCheck, a female-focussed angel fund.
The fund is launched with a mission to advance equity, capital and leadership for a generation of women in Africa through technology and entrepreneurship.
The fund will invest up to $25,000 in “ridiculously early” startups, and is also working on developing the middle tier of female angel investors, by building a community of millennials and mid-career women that want to learn about tech and angel investing and put their money into venture-backed technology companies in Africa.
“We want to make it easier for women in Africa to raise venture-backed capital and invest in technology startups. We’re creating a future where women have an equal hand in leading and shaping the continent’s future through technology & entrepreneurship,” the fund said.
“We’re early believers for the smartest & most ambitious future female founders in Africa, backing them by writing their very first checks, We’re working with the most experienced, forward-thinking startup investors, that look for product, growth & market. Nothing else, We’re partnering with mission-aligned leaders & organisations to help female founders get the tactical support & networks they need.” the fund added.