Uncap, an early-stage funding platform in Africa, has officially commenced operations in Sub-Saharan Africa. The platform has invited proposals for investment, with the goal of making early-stage funding available to innovative businesses in Sub-Saharan Africa.

“We strongly believe in the founders we invest in and want them to be in the driver seat of their business. That means we give them room to grow at their own speed and trust them to make the right decisions. We only hold a minority stake, don’t take any board seats, and generally do not get involved if not needed,” Franziska Reh, Uncap CEO said. 

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Here Is What You Need To Know

• The application period will last two months and will include a series of questions and tests. Their application procedure will primarily focus on quantitatively assessing the founder’s entrepreneurial potential and business knowledge.

• Uncap was inspired to provide a new way of funding for early-stage companies by utilizing a fully remote, data-driven, simplified, and inventive investment strategy. The platform promises to fund current startups that require financing ranging from Ksh. 1.09 million ($10,000) to Ksh. 5.5 million ($50,000).

• Uncap invests using a revenue-sharing model based on equity. This concept is intended to meet the demands of early-stage firms by purchasing a stake in the entrepreneur’s company.

• This is then repurchased by the entrepreneur over time at a pre-agreed-upon price as a percentage of their revenues. Following investment, each entrepreneur receives a personalized dashboard that provides vital data insights into key financial and non-financial KPIs, as well as access to tools and training programs from local capacity-building partners to help the founders on their path.

• Uncap has invested in 27 firms since its inception in 2019 in order to test and enhance its approach. This funding round will put Uncap’s ability to scale its investments to more than 100 startups in a single batch to the test.

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How To Apply

Interested African startups can apply here. 

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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