CAMSCORP Ventures Lab to accelerate African businesses

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London-based venture capital and advisory firm CAMSCORP has launched Ventures Lab, a three-month upscale programme that will focus on taking African businesses to the next level and help them secure funding from international investors.

Disrupt Africa reported last month CAMSCORP had acquired Africa-focused investment club NewGenAngels, with the club’s founder Sean Obedih joining CAMSCORP Ventures under the deal.

Obedih has now announced the launch of CAMSCORP Ventures Lab, which he said is a unique programme designed to help scale enterprises creating game-changing products specifically for the African market by offering tailored advice and unrivalled access to international investors.

“We believe that African companies can compete on a global stage if they are given the right tools and opportunities,” he said.

“Our aim is to build a bridge that connects international investors to fast growing African companies and in the process help them to build world class enterprises that will have an impact on the GDP of their countries and continent.”

The programme also seeks to harness the power of diaspora-based entrepreneurs by helping them run cross-border businesses. It is focused on a variety of sectors, including agri-tech, fintech and data, and will conclude with a pitch day in London.

Successful applicants must have completed an initial funding round and be aiming to raise over US$1 million, or have generated US$300,000 in revenue if self-funded. They must be able to demonstrate good traction, and have global ambitions. Applications are open here.

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Passionate about the vibrant tech startups scene in Africa, Tom can usually be found sniffing out the continent's most exciting new companies and entrepreneurs, funding rounds and any other developments within the growing ecosystem.

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