eVA Fund with Dutch origin is putting capital in some really promising startups in Africa (mainly Kenya and Ghana, for now). They have invested in Pesapal, Verviant, among others. Right on their site, they know one thing is going to redesign Africa – the undersea cables that will cut costs and improve bandwidth. In other words, if you do not get into the game now, you will regret it because very soon, the web solution in Africa will expand because prices will crash and more people will afford most of the services. And that will provide opportunities in the continent.
We think we need to bring this firm to you notice.
So what is the eVA Fund?
eVentures Africa Fund (eVA Fund) is launched in January 2010 by Vincent Kouwenhoven and Brian Hirman. Both founders combine years of experience in business development, management consulting, online business, digital marketing and venture capital.
eVA Fund is dedicated to mobilize capital and experience in the Netherlands/Europe to invest in small and medium sized African internet related companies. eVA Fund focusses on development in terms of capital and business development support, i.e. knowledge, experience, access to proven business concepts/applications, and network.
The target region is sub-Saharan Africa. Please check out the overview of our investment criteria.
The ultimate goal of eVA Fund is investing capital and knowledge to strengthen small and medium sized internet related enterprises thus securing and creating jobs and income for large African communities and with that, generating attractive financial returns for investors.
eVentures Africa Fund considers applications of investment that meet the following criteria:
- Existing business with a track record of 2 to 5 years (i.e. we do not provide seed capital for start-ups)
- Businesses in sub-Saharan Africa (where we have a first focus on Ghana and Kenya)
- Business focus: internet and/or mobile applications, platforms, e-commerce and solution-providers (i.e. not in infrastructure and hardware)
- Sound strategy and business model
- Profitable, now or within a limited period of time
Contact? Here is the link