VC4Africa B.V.
Status: Approved investmentWhy disclosure?
FMO is committed to making publicly available relevant investment information that informs stakeholders and enables them to engage directly with FMO on its investments which, in turn, enhances our investment decisions, the design and implementation of projects and policies, and strengthens development outcomes. Learn more
In case of questions
In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
VC4A, registered in the Netherlands, operates as a social venture with a leading platform supporting a global community of entrepreneurs, mentors, investors and business professionals building companies on the African continent since 2007. While their primary focus is on the African continent, VC4A supports entrepreneurship in other regions and now has a membership in 159 countries worldwide.
What is our funding objective?
The project will support VC4A in working with local partners in the focus countries of Ghana, Morocco, and Tanzania to create a more efficient network of ESOs, investors, mentors, corporates, and others to ultimately enable more early-stage ventures to engage investors and close more deals in nascent VC ecosystems. The goal is to strengthen operations of existing in-country ESOs, while increasing their global visibility and connectedness. The objective of the assignment is to ultimately enable: • more entrepreneurs building tech-enabled businesses to access networks and acquire necessary skills and information to start and run their own businesses; • local ESOs and other ecosystem builders to strengthen their programs and offerings to support local innovation and the development of the tech-enabled venture pipeline; and, • a private sector to access, support, and finance early-stage, tech-enabled business opportunities for scaling-up.
Why do we fund this investment?
This project is a follow-up round to the initial project with VC4A that is an integral part of the Entrepreneurial Ecosystem Building Component 1(b) strategy of the FMO Ventures Program (FVP) Technical Assistance Facility, funded by the European Commission and by the Dutch government. The underlying principles of this approach are to empower existing actors to deliver more sustainable, long term market solutions, while co-funding and collaborating with other partners where possible. This assignment focuses on addressing the lack of coordination amongst the many actors supporting early-stage ventures, to provide better sequencing of resources from incubators, accelerators, angel investors, mentors, corporates, and others. In addition, more entrepreneur support organizations (ESOs) need help integrating expertise and tapping into regional / international platforms to enable more early-stage ventures to engage investors and close more deals to increase investment flows.
More investments
| Date | Total FMO financing |
|---|---|
| 5/26/2023 | EUR 0.04 MLN |
| 2/22/2023 | EUR 0.03 MLN |
| 11/25/2021 | EUR 0.29 MLN |
- Website customer/investment
- https://vc4a.com/
- Region
- Africa
- Country
- Africa
- Sector
- Infrastructure, Manufacturing and Services
- Publication date
- 12/18/2023
- Effective date
- 8/24/2023
- Total FMO financing
- EUR 0.16 MLN
- Funding
- FMO NV