Echelon Capital is coming for Nigerian startups this new year, armed with a new $1 million fund. The fund which would commence funding from February 2021, will see the new venture capital firm investing first in Nigerian startups. According to the founder venture capital firm’s founder, Sunday Olorunsheyi, the VC also has plans to invest millions of dollars into startups in Africa over the next ten years.
“One thing that gives my team and I joy is that founders who are prepared, built capacity, and have positioned their businesses properly will need to worry less about accessing funding,” Olorunsheyi said.
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What Startups Is The VC Looking For?
The VC is sector-agnostic and looks out for both tech and non-tech startups. According to Olorunsheyi, Echelon Capital is on the look out for startups with outstanding products, a strong team, capital efficiency, execution strategy, and profits.
Founders who may be interested can sign up through the website www.echelonvc.africa or click the link bit.ly/echelonvc, and then participate in the virtual accelerator program.
Charles Rapulu Udoh
Charles Rapulu Udoh is a Lagos-based lawyer who has advised startups across Africa on issues such as startup funding (Venture Capital, Debt financing, private equity, angel investing etc), taxation, strategies, etc. He also has special focus on the protection of business or brands’ intellectual property rights ( such as trademark, patent or design) across Africa and other foreign jurisdictions.
He is well versed on issues of ESG (sustainability), media and entertainment law, corporate finance and governance.
He is also an award-winning writer