Female-focused angel fund FirstCheck to invest $25k in early-stage startups

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Female-focused angel fund FirstCheck Africa has launched operations, planning to invest up to US$25,000 “ridiculously early” in women with bold entrepreneurial ideas.

Launched by Endeavor Nigeria managing director Eloho Omame and PiggyVest co-founder Odunayo Eweniyi, FirstCheck launches with a mission to advance equity, capital and leadership for a generation of women in Africa through technology and entrepreneurship.

The fund will invest up to $25,000 in “ridiculously early” startups, and is also working on developing the middle tier of female angel investors, by building a community of millennials and mid-career women that want to learn about tech and angel investing and put their money into venture-backed technology companies in Africa.

“We want to make it easier for women in Africa to raise venture-backed capital and invest in technology startups. We’re creating a future where women have an equal hand in leading and shaping the continent’s future through technology & entrepreneurship,” the fund said.

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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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